What is the primary role of a real estate appraiser?

The primary role of a real estate appraiser is to estimate the value of a property. This estimation is crucial for various stakeholders in real estate transactions, including buyers, sellers, lenders, and investors. Appraisers use a variety of methods and criteria, such as the property's location, condition, and comparable sales in the area, to arrive at a fair market value. This valuation helps ensure that properties are bought and sold at a price that reflects their true worth, allowing for informed decision-making in sales and financing scenarios.

In contrast, the other options focus on activities that are outside the scope of an appraiser's responsibilities. Promoting the sale of properties involves marketing efforts, which are typically conducted by real estate agents. Managing real estate transactions refers to overseeing the processes involved in buying or selling properties and may involve agents or brokers but not appraisers. Negotiating sale prices is also the purview of real estate agents or buyers and sellers rather than appraisers, who maintain an objective stance in determining value without engaging in negotiation.