An assignment condition that would preclude credible results must be:
Correct Answer
A) Rejected — the appraiser may not accept those terms
Why this is correct: USPAP requires that an appraisal result be credible. If an assignment condition (like an unreasonable deadline or lack of access) would make credible results impossible, the appraiser must not accept the assignment under those terms. Extraordinary assumptions or limiting conditions cannot fix a fundamental impossibility. Why the other choices are wrong: An extraordinary assumption is for a fact that is uncertain but plausible; it cannot repair an impossible condition. A limiting condition discloses a limitation but does not make an impossible assignment credible. Referring to the state board is not the appraiser's first action; the appraiser must personally decline the assignment. Exam tip: If a condition precludes credibility, you must say no. Assumptions are for uncertainties, not impossibilities.
Why This Is the Correct Answer
Why this is correct: USPAP requires that an appraisal result be credible. If an assignment condition (like an unreasonable deadline or lack of access) would make credible results impossible, the appraiser must not accept the assignment under those terms. Extraordinary assumptions or limiting conditions cannot fix a fundamental impossibility. Why the other choices are wrong: An extraordinary assumption is for a fact that is uncertain but plausible; it cannot repair an impossible condition. A limiting condition discloses a limitation but does not make an impossible assignment credible. Referring to the state board is not the appraiser's first action; the appraiser must personally decline the assignment. Exam tip: If a condition precludes credibility, you must say no. Assumptions are for uncertainties, not impossibilities.
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:
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In developing a scope of work, an appraiser must consider all of the following factors EXCEPT:
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