An appraiser who signs a report prepared substantially by another appraiser without review:
Correct Answer
C) Has accepted responsibility for work not examined
Why this is correct: By signing an appraisal report, the appraiser certifies they have personally performed or supervised the work. Signing a report prepared substantially by another without reviewing it makes that certification false, and the signer accepts full responsibility for all content, including work they did not examine. Why the other choices are wrong: Proper delegation requires supervision and review. The signing appraiser bears full responsibility, not none. Disclosure of the signing arrangement must be in writing within the report, not just verbal. Exam tip: Your signature on a report is your personal certification of the work. No review = violation.
Why This Is the Correct Answer
Why this is correct: By signing an appraisal report, the appraiser certifies they have personally performed or supervised the work. Signing a report prepared substantially by another without reviewing it makes that certification false, and the signer accepts full responsibility for all content, including work they did not examine. Why the other choices are wrong: Proper delegation requires supervision and review. The signing appraiser bears full responsibility, not none. Disclosure of the signing arrangement must be in writing within the report, not just verbal. Exam tip: Your signature on a report is your personal certification of the work. No review = violation.
More USPAP Questions
Which type of appraisal report may contain the appraiser's analyses, opinions, and conclusions but is intended for use by the client only?
How long must an appraiser retain the workfile for an appraisal assignment under USPAP?
If an appraiser uses a hypothetical condition that the subject property is 10% larger than it actually is, this must be:
Under Standard 1, when developing a real property appraisal, an appraiser must:
An appraiser accepts an assignment to appraise a specialized industrial property but has never appraised this property type before. To comply with the Competency Rule, the appraiser:
According to the Scope of Work Rule, the scope of work must be appropriate to the:
According to Standard 1, when developing an opinion of market value, an appraiser must analyze:
A lender emails: 'We need at least $450,000 to make this loan work — can you take the assignment?' Accepting on that basis is:
An appraiser is developing an opinion of market value for a 20-unit apartment building. The appraiser finds three comparable sales with the following information: Sale 1: 18 units, sold for $1,800,000; Sale 2: 22 units, sold for $2,200,000; Sale 3: 24 units, sold for $2,280,000. What is the average price per unit for these comparables?
In developing a scope of work, an appraiser must consider all of the following factors EXCEPT:
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