An appraiser is asked to review an assignment where an AVM supplied the value. What does the review examine?
Correct Answer
C) Whether the work under review is credible
Why this is correct: A review appraisal evaluates the credibility and appropriateness of the work under review, including whether reliance on an AVM was reasonable and whether sufficient analysis supports the conclusion. Why the other choices are wrong: "Whether the model vendor is federally approved" may be relevant but is not the core review focus. "Whether the model returned the highest available figure" is not a standard; the review assesses credibility, not outcome maximization. "Whether the reviewer would have used that model" is subjective; the standard is whether the work is credible. Exam tip: A review focuses on the credibility of the work reviewed, not on whether you agree with every choice.
Why This Is the Correct Answer
Why this is correct: A review appraisal evaluates the credibility and appropriateness of the work under review, including whether reliance on an AVM was reasonable and whether sufficient analysis supports the conclusion. Why the other choices are wrong: "Whether the model vendor is federally approved" may be relevant but is not the core review focus. "Whether the model returned the highest available figure" is not a standard; the review assesses credibility, not outcome maximization. "Whether the reviewer would have used that model" is subjective; the standard is whether the work is credible. Exam tip: A review focuses on the credibility of the work reviewed, not on whether you agree with every choice.
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