Aerial imagery is used to examine a roof the appraiser could not see from the ground. How should this be reported?
Correct Answer
A) As part of the described extent of inspection
Why this is correct: The appraiser must accurately describe the extent of the inspection. Aerial imagery is a legitimate tool for observation. Reporting it "As part of the described extent of inspection" truthfully states what was examined and the method used, without overstating or understating the inspection. Why the other choices are wrong: "As a physical inspection of the roof surface" is wrong because a physical inspection implies a hands-on or close-proximity examination, which aerial imagery is not. "As an extraordinary assumption about the roof" is wrong because an assumption presumes an uncertain fact; here, the appraiser actually observed the roof via imagery. "As a hypothetical condition regarding condition" is wrong because a hypothetical condition assumes something contrary to fact; the imagery provided an actual observation of the existing condition. Exam tip: Accurately describe your inspection methods; do not label an actual observation as an assumption or condition.
Why This Is the Correct Answer
Why this is correct: The appraiser must accurately describe the extent of the inspection. Aerial imagery is a legitimate tool for observation. Reporting it "As part of the described extent of inspection" truthfully states what was examined and the method used, without overstating or understating the inspection. Why the other choices are wrong: "As a physical inspection of the roof surface" is wrong because a physical inspection implies a hands-on or close-proximity examination, which aerial imagery is not. "As an extraordinary assumption about the roof" is wrong because an assumption presumes an uncertain fact; here, the appraiser actually observed the roof via imagery. "As a hypothetical condition regarding condition" is wrong because a hypothetical condition assumes something contrary to fact; the imagery provided an actual observation of the existing condition. Exam tip: Accurately describe your inspection methods; do not label an actual observation as an assumption or condition.
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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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