What term describes valuation services performed by individuals acting as appraisers?

The term that describes valuation services performed by individuals acting as appraisers is "Appraisal Practice." This encompasses the systematic application of processes and procedures to provide an opinion of value for a specific property or asset. Appraisers utilize their training, skills, and knowledge to conduct appraisals, ensuring compliance with regulatory standards such as those outlined in the Uniform Standards of Professional Appraisal Practice (USPAP).

Understanding that appraisal practice involves the core activities that appraisers engage in, it is clear that it is fundamentally linked to offering valuation services. The practice is essential for ensuring the integrity, accuracy, and professionalism of valuations in various contexts, including residential, commercial, and industrial properties.

Other options refer to related but distinct concepts. Valuation Review pertains to the examination of appraisal reports to ensure they meet required standards and adequacy. Consultation Services involve providing expert opinions and advice on various valuation-related matters without yielding a formal opinion of value. Market Analysis focuses on studying market trends and conditions rather than providing a value conclusion based on appraiser services. Thus, "Appraisal Practice" is the most accurate descriptor for the valuation services carried out by appraisers.