An appraiser is offered a tool that drafts adjustment support automatically. What must be established before use?
Correct Answer
B) That the output is supportable for this market
Why this is correct: USPAP's Ethics Rule requires an appraiser to perform assignments with impartiality and objectivity. The appraiser is ultimately responsible for all analyses and conclusions. Therefore, any automated output must be verified as reasonable and supportable by market evidence for the specific assignment. Why the other choices are wrong: Client payment is a business matter, not a professional standard for use. Common use by other appraisers does not prove correctness for this assignment. Vendor indemnification does not relieve the appraiser of professional responsibility. Exam tip: You must understand and be able to defend every adjustment, regardless of its source.
Why This Is the Correct Answer
Why this is correct: USPAP's Ethics Rule requires an appraiser to perform assignments with impartiality and objectivity. The appraiser is ultimately responsible for all analyses and conclusions. Therefore, any automated output must be verified as reasonable and supportable by market evidence for the specific assignment. Why the other choices are wrong: Client payment is a business matter, not a professional standard for use. Common use by other appraisers does not prove correctness for this assignment. Vendor indemnification does not relieve the appraiser of professional responsibility. Exam tip: You must understand and be able to defend every adjustment, regardless of its source.
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