Explaining the Residential Property Appraisal:

Early in my Real Estate career, I attended Gold Coast Schools and completed the 3 week course to become a Registered Appraiser Trainee.
The purpose, at the time, was to gain a better insight into an important, yet mostly misunderstood, part of the selling/buying process. Even most Realtors can't explain an Appraisal to their clients, often lacking the understanding of a few basic appraisal principles.
I found this recent article that helps to explain, in general basic terms, some aspects of the Appraisal process. I am working on a much more detailed articled based on my time at Gold Coast and 20 years of speaking to Appraisers.