In a hybrid appraisal, who develops the opinion of value?
Correct Answer
C) The appraiser, using the collected property data
Why this is correct: In a hybrid appraisal, the core principle is role separation: the data collector provides objective facts, and the licensed/certified appraiser independently analyzes that data to form the valuation opinion. Why the other choices are wrong: The property data collector does not develop the opinion. The lender's automated model does not replace the appraiser's judgment. While the collector's data is essential, the appraiser alone signs and is responsible for the final opinion of value. Exam tip: The appraiser is always responsible for the value conclusion, regardless of data source.
Why This Is the Correct Answer
Why this is correct: In a hybrid appraisal, the core principle is role separation: the data collector provides objective facts, and the licensed/certified appraiser independently analyzes that data to form the valuation opinion. Why the other choices are wrong: The property data collector does not develop the opinion. The lender's automated model does not replace the appraiser's judgment. While the collector's data is essential, the appraiser alone signs and is responsible for the final opinion of value. Exam tip: The appraiser is always responsible for the value conclusion, regardless of data source.
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Which assignment type still requires the appraiser to develop an opinion of value?
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