How does an appraiser handle a property data collection that omits a required characteristic?
Correct Answer
D) Obtain the information or expand the scope of work
Why this is correct: USPAP requires a credible scope of work. A missing characteristic creates a gap in support. The appraiser must obtain the information, expand the scope to address it, or disclose the limitation as an extraordinary assumption with its impact. Why the other choices are wrong: Estimating from the neighborhood without verification is unsupported. A general disclaimer does not address the specific gap. Assuming it matches assessor records may be inaccurate and undisclosed. Exam tip: Missing data requires action: obtain it, expand scope, or disclose as an extraordinary assumption.
Why This Is the Correct Answer
Why this is correct: USPAP requires a credible scope of work. A missing characteristic creates a gap in support. The appraiser must obtain the information, expand the scope to address it, or disclose the limitation as an extraordinary assumption with its impact. Why the other choices are wrong: Estimating from the neighborhood without verification is unsupported. A general disclaimer does not address the specific gap. Assuming it matches assessor records may be inaccurate and undisclosed. Exam tip: Missing data requires action: obtain it, expand scope, or disclose as an extraordinary assumption.
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