Although an appraisal is a special form of limited arbitration, there are significant differences between the powers of an arbitrator and those of an appraiser. An arbitrator’s role is more like that of a judge in a judicial proceeding. On the other hand, section 2071 calls for an informal appraisal proceeding (unless the parties mutually agree otherwise), with no depositions, interrogatories, and the like, no formal rules of evidence, and no court reporter.
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