a professional who makes appraisals of the value of property. Some specialize in
real property, and others in other types of assets from rugs to rings. A careful,
well-trained and practical appraiser may be more important than any other professional
in a transaction, since one who grossly undervalues or overvalues property (or has
no knowledge of true value) can wreak havoc. Where possible, a person should ask
for a profile of other clients and training, and ask whether the appraiser is "MAI"
(Member, Appraisal Institute).
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