A Business Appraiser is a person who, by education, training, and experience, is qualified to undertake an appraisal or valuation of a business, business ownership interest, security or intangible assets. Qualified business appraisers have credentials such as the Certified Valuation Analyst (CVA) credential and are guided by standards. Typically, business appraisers apply three methods from the market, asset and income approaches to business valuation with each of the different methods yielding results which are different from other methods, resulting in a different indication of value. To arrive at the conclusion of value from the multiple results, the business valuator needs to rely on the result from the method most appropriate for the business or interest being valued and justify the choice of the method. Some valuators prefer averaging of multiple valuation methods (average of results from two or three methods) to arrive at the conclusion of value. The use of weighted averages in drawing valuation conclusions, should, as much as possible, be avoided by business valuation professionals because it can be misleading as it is the belief that an average of two or three diverging results can undermine the true value of the business or interest being valued. A Business Appraiser may be referred to as “Business Valuer” or “Business Valuator” across jurisdictions.