Like real estate appraisals, domain appraisals calculate different variables to come up with dollar amounts. But while there are many similarities, a key difference is represented by the regulation dimension. When real estate is appraised, the appraiser puts his name on the line, placing his or her credentials on the first or second page of the appraisal. As such, digital real estate appraisers are typically licensed and know all too well that abuse or lack of professionalism can come with severe legal consequences.
The same principle does not apply in the world of digital asset appraisals, and, unfortunately, fraud and lack of professionalism are far more common. This leads us to the elephant in the room – being ultra-selective when choosing an appraiser is much more important in the domain appraising world.