In a research assignment where the appraiser completes research without forming opinions, what is true about the assignment?

In a research assignment where the appraiser engages in gathering and analyzing data without forming opinions, it signifies that the work being done does not culminate in an appraisal. Instead, such an assignment can still be integral to the overall appraisal practice, as it contributes to the understanding of the market, comparable properties, and other relevant factors that may inform future appraisals.

The distinguishing factor here is the absence of a formal opinion of value, which is a cornerstone of what constitutes an appraisal. However, research activities can still fall within the broader umbrella of appraisal practice, serving as the groundwork for future appraisal assignments or assisting clients in making informed decisions. Therefore, while it does not result in a specific valuation, it remains a critical component of the appraisal process, enhancing the appraiser's expertise and knowledge in the field.