What is defined as an evaluation of an appraiser's work for compliance?

The evaluation of an appraiser's work for compliance is specifically defined as an appraisal review. This process involves a thorough examination of the appraisal to ensure that it adheres to applicable standards, guidelines, and regulations, such as those set forth by the Uniform Standards of Professional Appraisal Practice (USPAP). An appraisal review not only assesses the methodology and data used by the appraiser but also verifies that conclusions and opinions reached are well-supported and reasonable.

Market analysis involves studying supply and demand factors within a specific market but does not focus on evaluating an individual appraiser's work. A subjective opinion typically refers to a personal perspective that lacks an objective basis, which does not align with the structured method of appraisal reviews. An appraisal report is the document produced by the appraiser that details the findings and conclusions of the appraisal process but is not inherently a review or evaluation of that appraisal. Thus, appraisal review is the correct choice as it captures the essence of assessing and ensuring compliance in an appraiser's work.