A research assignment where the appraiser completes research but does not develop an opinion or conclusion is classified as what?

The classification of a research assignment where the appraiser completes research but does not develop an opinion or conclusion is identified as not part of appraisal practice. This is because appraisal practice involves several critical components, including the development of an opinion or conclusion based on the research gathered. An appraiser's role is to analyze data and arrive at a well-supported opinion regarding the value of a property, which typically involves synthesizing the research into a cohesive conclusion. If an assignment is limited to only gathering data without formulating a conclusion, it falls outside the standard definitions and expectations of what constitutes appraisal practice. This distinction highlights the necessity of concluding the analysis with an opinion in the context of formal appraisal assignments, emphasizing that merely conducting research is insufficient for classification within the appraisal framework.