If an unnamed research assistant did significant appraisal work on a report, Standard 2 requires the signing appraiser to:
Correct Answer
B) State the assistance and name those providing it in the certification
Name each individual who provided significant real-property appraisal assistance in the required certification. Describe the extent of that assistance as required; the description need not itself be located in the certification and may appear elsewhere in the report. A significant assistant is not automatically required by USPAP to co-sign, and verbal disclosure alone does not replace the required report disclosure. Actual contributions matter more than the title research assistant.
Why This Is the Correct Answer
Option B is correct because Standard 2 requires the certification to contain the names of individuals who provided significant real property appraisal assistance. The signing appraiser must also describe the extent of the assistance, which may appear elsewhere in the report. What matters is the actual contribution, not the assistant's job title.
Why the Other Options Are Wrong
Option A: Reduce the appraisal fee by the assistant’s share of the work
Option A says to reduce the appraisal fee by the assistant's share of the work. USPAP does not tie fees to assistance; the requirement is disclosure in the report.
Option C: Have the assistant co-sign the report as a second appraiser
Option C says to have the assistant co-sign the report as a second appraiser. USPAP does not require a significant assistant to co-sign; it requires naming the assistant in the certification.
Option D: Keep the assistance confidential as an accepted professional trade practice
Option D says to keep the assistance confidential as an accepted trade practice. Concealing significant assistance would make the report misleading; USPAP requires it to be disclosed.
Name in cert, extent anywhere
Names of significant helpers go in the certification. The description of what they did can go anywhere in the report.
How to use: Use this when a question asks where and how to disclose significant appraisal assistance.
Exam Tip
Separate the two parts of the rule: names must be in the certification, but the extent of assistance need not be.
Common Mistakes to Avoid
- -Thinking a significant assistant must co-sign the report
- -Believing the extent of assistance must appear in the certification
- -Judging significance by job title rather than actual contribution
Concept Deep Dive
Analysis
This question tests the disclosure of significant real property appraisal assistance under Standard 2. The certification must contain the names of individuals providing significant real property appraisal assistance. The extent of that assistance must be described, but that description does not have to be located in the certification itself.
Background Knowledge
Naming significant assistants lets intended users know who contributed to the appraisal. SR 2-3 requires names in the certification and a description of the extent of assistance somewhere in the report. Assistants may sign if they accept responsibility, but signing is not required.
Real-World Application
A trainee selects comparables and drafts the sales adjustments for a supervisor's report. The supervisor names the trainee in the certification and describes the trainee's work in the scope of work section.
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