A home listed at 2,400 square feet by the seller measures 2,180 by the appraiser. The report should:
Correct Answer
B) Use the measured figure and note the discrepancy
Why this is correct: The appraiser must report an independent, objective opinion of value based on verified data. The governing concept is that the appraiser's own professionally measured gross living area (GLA) is the factual basis for the valuation. Therefore, the report must use the measured figure of 2,180 square feet. Noting the discrepancy with the seller's listing is required for report transparency, explaining any confusion for users who have seen other marketing materials. Why the other choices are wrong: Adopting the seller's listing figure to avoid conflict is wrong because it violates the appraiser's duty to provide an unbiased opinion using reliable data. Averaging the two figures to 2,290 is wrong because it creates a fictional, unverified number not supported by the appraiser's inspection. Omitting the size from the report entirely is wrong because GLA is a critical, required element of the property description and valuation analysis. Exam tip: Your measurement is your data. Always use it, explain any significant differences from other sources, and never guess or average.
Why This Is the Correct Answer
Why this is correct: The appraiser must report an independent, objective opinion of value based on verified data. The governing concept is that the appraiser's own professionally measured gross living area (GLA) is the factual basis for the valuation. Therefore, the report must use the measured figure of 2,180 square feet. Noting the discrepancy with the seller's listing is required for report transparency, explaining any confusion for users who have seen other marketing materials. Why the other choices are wrong: Adopting the seller's listing figure to avoid conflict is wrong because it violates the appraiser's duty to provide an unbiased opinion using reliable data. Averaging the two figures to 2,290 is wrong because it creates a fictional, unverified number not supported by the appraiser's inspection. Omitting the size from the report entirely is wrong because GLA is a critical, required element of the property description and valuation analysis. Exam tip: Your measurement is your data. Always use it, explain any significant differences from other sources, and never guess or average.
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