Common Joe 'n Jane Real Estate Wiki

Real estate exam prep made easy! Dive into our wiki for key concepts and study materials tailored for success in your exams.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
<--Back to Wiki Home
Bite sized definition logo.

Define Independent Fee Appraiser in Real Estate

Independent Fee Appraiser: 

an independent fee appraiser is someone who assesses the value of a property and provides a report for a fee. They work independently and are not affiliated with any particular real estate company. They are hired by lenders, attorneys, and individuals to provide an unbiased opinion of the property's value.

Example: 

For example, if someone is looking to purchase a property, they may hire an independent fee appraiser to assess the value of the property before making an offer.

Illustration of Dumb Ox mascot.

"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"

In the land of houses and land,
An expert's needed, you understand.
Someone to say what it's all worth,
From big mansions to tiny turf.

An Independent Fee Appraiser, they say,
Is the hero who saves the day.
They don't work for one big team,
But help sellers achieve their dream.

They look at homes and the land around,
And find a price that's safe and sound.
For each puzzle solved, they get their pay,
And then they're off, on their way!

Invest in Your Future.

Buy Access Now!