An appraiser's peers are defined as other appraisers who _________.

• A. Have expertise and competency in a similar type of assignment
• B. Are licensed in a different jurisdiction
• C. Are current clients
• D. Are always independent validators

Answer: (A)

Peers are other appraisers who have expertise and competency in a similar type of assignment. That shared level of practice means they understand the same data, methods, and standards, so their review is meaningful and credible. Licensing in a different jurisdiction doesn’t guarantee they have the same assignment experience or depth of knowledge for a particular appraisal problem. Being current clients isn’t a characteristic of a peer and could bias the review, and peers aren’t necessarily always independent validators; independence is important but not the defining trait of who qualifies as a peer.