An appraiser uses a supported extraordinary assumption about uncertain information. Which statement about communicating it is correct?
Correct Answer
C) Clearly disclose it and state it might have affected results
Clearly and conspicuously disclose the extraordinary assumption and state that its use might have affected assignment results. Proper communication does not itself supply the reasonable basis, necessity and credible analysis required for its use.
Why This Is the Correct Answer
Clearly and conspicuously disclose the extraordinary assumption and state that its use might have affected assignment results. Proper communication does not itself supply the reasonable basis, necessity and credible analysis required for its use.
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