An appraiser signs a report but did not personally inspect the property. What is required?
Correct Answer
D) The extent of inspection performed must be disclosed
Why this is correct: USPAP requires disclosure of the extent of any inspection performed, allowing readers to understand the basis for the appraisal. Lack of personal inspection is permissible if disclosed. Why the other choices are wrong: "The report may not be signed under any circumstances" is false; signing is allowed with proper disclosure. "A second appraiser must co-sign the completed report" is incorrect; co-signing is not required. "The client must waive the inspection in writing first" is wrong; client waiver is not a USPAP requirement. Exam tip: Always disclose what was and was not inspected; silence misleads readers into assuming a full inspection.
Why This Is the Correct Answer
Why this is correct: USPAP requires disclosure of the extent of any inspection performed, allowing readers to understand the basis for the appraisal. Lack of personal inspection is permissible if disclosed. Why the other choices are wrong: "The report may not be signed under any circumstances" is false; signing is allowed with proper disclosure. "A second appraiser must co-sign the completed report" is incorrect; co-signing is not required. "The client must waive the inspection in writing first" is wrong; client waiver is not a USPAP requirement. Exam tip: Always disclose what was and was not inspected; silence misleads readers into assuming a full inspection.
More reconciliation Questions
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Reconciliation of the approaches to value is best described as which activity?
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Which of the following is a written report option named in the current edition of USPAP?
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