A model and a completed sales grid produce nearly identical figures. What does this establish?
Correct Answer
D) That two lines of evidence agree, which is corroboration
Why this is correct: The governing concept is corroboration of evidence. When two independent lines of analysis (like a model and a traditional sales comparison) produce similar value indications, it strengthens the credibility of the conclusion. However, it does not prove the conclusion is correct, as both methods could share a common error. Why the other choices are wrong: "That the conclusion is certainly correct" is wrong; agreement increases confidence but does not guarantee accuracy. "That the grid may now be omitted from the report" is wrong; the supporting analysis must still be reported. "That the model may be relied on for future work" is wrong; appropriateness must be re-evaluated for each assignment. Exam tip: Agreement between methods is supportive evidence, not conclusive proof. Always explain your reasoning.
Why This Is the Correct Answer
Why this is correct: The governing concept is corroboration of evidence. When two independent lines of analysis (like a model and a traditional sales comparison) produce similar value indications, it strengthens the credibility of the conclusion. However, it does not prove the conclusion is correct, as both methods could share a common error. Why the other choices are wrong: "That the conclusion is certainly correct" is wrong; agreement increases confidence but does not guarantee accuracy. "That the grid may now be omitted from the report" is wrong; the supporting analysis must still be reported. "That the model may be relied on for future work" is wrong; appropriateness must be re-evaluated for each assignment. Exam tip: Agreement between methods is supportive evidence, not conclusive proof. Always explain your reasoning.
More emerging-appraisal-methods Questions
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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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