The identification of who is involved in an appraisal assignment is part of which process?

The process of identifying who is involved in an appraisal assignment is crucial for establishing the context and expectations of the appraisal. Client engagement refers to the initial phase where the appraiser interacts with the client to understand their needs, objectives, and the stakeholders involved in the assignment. This includes determining who will be receiving the appraisal report, any relevant parties who may have a vested interest in the findings, and clarifying the roles and responsibilities of those involved.

Having a clear understanding of all parties involved ensures that the appraiser can accurately tailor the appraisal to meet the clients' specific requirements and comply with relevant standards. This engagement is foundational for aligning the appraisal's purpose with the expectations of both the client and any intended users, thus enhancing the effectiveness and reliability of the appraisal process.