Professionals who assess and determine the value of property, goods, or assets for various purposes including sales, insurance, or taxation. Plural of 'appraiser.'
From Old French 'aprecier' meaning 'to set a price,' from Latin 'ad' (to) + 'pretium' (price). The profession formalized in the 19th century as property markets became more complex and standardized valuation methods were needed for banking and insurance purposes.
Real estate appraisers have one of the most influential jobs in the housing market - their assessments can make or break million-dollar deals! During the 2008 financial crisis, inflated appraisals were partly to blame, leading to much stricter licensing and oversight of the profession today.
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