Who is defined as the "intended user" in appraisal practice?

The "intended user" in appraisal practice refers to the specific individual or group for whom an appraisal is prepared and who is expected to rely on its conclusions. This definition is crucial because it establishes the scope of the appraisal and its intended purpose. The intended user typically has vested interests in the appraisal, such as lenders, buyers, or property owners, and relies on the appraiser’s findings to make informed decisions.

Recognizing who the intended user is helps ensure that the appraiser understands the context in which their opinion of value will be utilized and aligns their analysis, methodology, and report to meet those users' needs. The clarity of this definition supports the credibility and relevance of the appraisal in the decision-making process.

In contrast, the other options refer to groups or individuals who may interact with or have an interest in the appraisal but do not represent the primary audience for its conclusions. For example, while the appraiser is responsible for conducting the analysis, they are not considered the intended user. Similarly, the general public or state regulatory agency may have an interest in property values or compliance but are not the specific targets for a given appraisal's results. This distinction is essential for maintaining the integrity and focus of appraisal practice.