What is the role of an appraiser in real estate transactions?

The role of an appraiser in real estate transactions is primarily to determine the value of a property based on market comparisons and current conditions. This valuation is crucial because it establishes a fair market price for the property, which can help buyers, sellers, and lenders make informed decisions. Appraisers conduct thorough assessments, considering various factors such as recent sales of comparable properties, the condition of the property, and any unique features that may affect its value.

In real estate transactions, accurate property valuation is necessary for ensuring that properties are neither overvalued nor undervalued, which can protect the interests of all parties involved. Buyers need it for securing appropriate financing, while sellers rely on appraisals to price their properties competitively.

While the other options involve aspects of real estate, they do not pertain to the specific responsibilities of an appraiser. Marketing properties for sale and negotiating sale prices fall under the purview of real estate agents and brokers, while managing rental agreements is a function of property managers. Therefore, the appraiser's distinct role focuses on assessing and establishing property value, making the chosen answer the correct one.