Who is considered the intended user of an appraisal report?

The intended user of an appraisal report is defined as the client and any identified parties specifically designated as users of the report. This includes individuals or entities that have a legitimate interest in the outcome of the appraisal and who rely on the appraisal report to make informed decisions based on its findings.

In the context of appraisal practice, the client is typically the person or entity that orders and pays for the appraisal, while identified parties could include lenders, legal representatives, or any other stakeholders explicitly identified in the appraisal engagement. The appraisal report is tailored to meet the needs and expectations of these users, ensuring that the information presented is relevant and appropriate for their specified purposes.

While the appraiser who performed the appraisal and the property owner may have an interest in the report, they are not necessarily considered intended users in the same context. The same goes for individuals who may receive a copy of the report without being formally identified as users; their connection is generally more detached and may not invoke the same reliance on the appraisal findings as the established intended users.