The purpose of identifying the intended users of the appraisal is to ensure what?

Study for the ASU REA380 Exam 2. Prepare with flashcards and multiple choice questions, each question includes hints and explanations. Get ready for success!

Identifying the intended users of the appraisal is crucial because it allows the appraisal to be tailored to meet the specific needs and expectations of those users. Different users may have different requirements based on their interests and the context in which they will use the appraisal. For example, a lender may need specific information regarding property value for loan underwriting, while an investor may focus on market trends and potential returns. By understanding who the users are, the appraiser can deliver information and insights that are relevant and useful, ultimately enhancing the appraisal's effectiveness and reliability for decision-making purposes.

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