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An appraisal is a professionally developed opinion of value supported

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by analysis.

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It is not simply the seller's asking price or an

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unsupported guess.

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Follow the work:

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gather property facts, analyze relevant market evidence, and develop a

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supported value opinion.

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The assignment and property determine the appropriate analysis.

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A comparative market analysis from a real estate licensee can

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also discuss pricing, but it is not automatically an appraisal.

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The products have different purposes and requirements.

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A C M A is not a substitute where an

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appraisal is required.

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Quick check:

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does discussing value make every market analysis an appraisal?

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No.

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Identify the product, its purpose, and the applicable requirements.