A desktop appraisal is best described as an assignment completed how?
Correct Answer
B) Without a personal inspection of the property
Why this is correct: A desktop appraisal develops a full opinion of value but is performed without the appraiser's personal inspection of the subject property, relying instead on provided data, records, and possibly third-party inspections. Why the other choices are wrong: An appraiser who views only the exterior describes a drive-by or exterior-only inspection. A desktop appraisal does include an opinion of value. An automated model with appraiser sign-off describes a hybrid or evaluation product, not necessarily a desktop appraisal. Exam tip: The key scope issue in a desktop appraisal is the lack of personal inspection, which must be clearly disclosed.
Why This Is the Correct Answer
Why this is correct: A desktop appraisal develops a full opinion of value but is performed without the appraiser's personal inspection of the subject property, relying instead on provided data, records, and possibly third-party inspections. Why the other choices are wrong: An appraiser who views only the exterior describes a drive-by or exterior-only inspection. A desktop appraisal does include an opinion of value. An automated model with appraiser sign-off describes a hybrid or evaluation product, not necessarily a desktop appraisal. Exam tip: The key scope issue in a desktop appraisal is the lack of personal inspection, which must be clearly disclosed.
More emerging-appraisal-methods Questions
An appraiser consults a geographic information system for parcel boundaries. What limitation applies?
How does an alternative inspection method affect the appraiser's disclosure obligations?
A collector's photographs show a condition the appraiser believes needs specialist assessment. What is the appropriate step?
What responsibility does an appraiser retain for an error originating in a third-party database?
Under current USPAP guidance, what is the output of an automated valuation model before an appraiser analyzes it?
A lender's guidelines require an interior inspection, but the client asks for a desktop product to save time. What should the appraiser do?
How should an appraiser respond to a client requesting a shorter turn time than credible results allow?
Which assignment type still requires the appraiser to develop an opinion of value?
An appraiser relies on a published capitalization rate survey. What must be considered?
A model returns an estimate far from the appraiser's own conclusion. What is the appropriate response?
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