Real Estate Appraisal
/ˈriːəl ɪˌsteɪt əˈpreɪzəl/
Definitions
- (n.) The process of determining the market value of real property for legal, taxation, or transactional purposes.
The court required a certified real estate appraisal to settle the property dispute.
Forms
- real estate appraisal
- real estate appraisals
Related terms
See also
Commentary
Real estate appraisal is central in legal contexts involving property disputes, taxation, and transactions; precise definitions aid in clear legal drafting and evidentiary standards.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.