An appraiser receives photographs of a comparable taken by someone else. How should they be treated?
Correct Answer
C) As data whose source and date should be identified
Why this is correct: USPAP requires disclosing the source and date of all data used, including third-party photos, to maintain transparency and credibility. Why the other choices are wrong: 'As proof the appraiser inspected that comparable' would misrepresent the appraiser's personal observation. 'As a substitute for describing the property in text' is insufficient; descriptions are still needed. 'As inadmissible, since the appraiser did not take them' is false; they can be used with proper attribution. Exam tip: Always cite sources for any data you didn't personally generate or verify firsthand.
Why This Is the Correct Answer
Why this is correct: USPAP requires disclosing the source and date of all data used, including third-party photos, to maintain transparency and credibility. Why the other choices are wrong: 'As proof the appraiser inspected that comparable' would misrepresent the appraiser's personal observation. 'As a substitute for describing the property in text' is insufficient; descriptions are still needed. 'As inadmissible, since the appraiser did not take them' is false; they can be used with proper attribution. Exam tip: Always cite sources for any data you didn't personally generate or verify firsthand.
More emerging-appraisal-methods Questions
An appraiser consults a geographic information system for parcel boundaries. What limitation applies?
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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