In a residential real-property appraisal, which basis must not determine the opinion of value?
Correct Answer
A) The owner’s race, color, religion, national origin, sex, disability or familial status
A residential value opinion must not be based on the owner’s listed protected characteristics. Use relevant lawful property and market evidence with impartiality, objectivity and independence. Selecting or adjusting comparables on a prohibited protected-characteristic basis is also improper. Applicable law may create additional protections, so the listed categories should not be read as permission to use other unlawful discriminatory factors.
Why This Is the Correct Answer
A residential value opinion must not be based on the owner’s listed protected characteristics. Use relevant lawful property and market evidence with impartiality, objectivity and independence. Selecting or adjusting comparables on a prohibited protected-characteristic basis is also improper. Applicable law may create additional protections, so the listed categories should not be read as permission to use other unlawful discriminatory factors.
More USPAP Questions
Under USPAP, what are assignment results?
The certification required by Standards Rule 2-3 must be signed by:
Under 2024 USPAP, which statement correctly combines the requirements for an oral real property appraisal report and its workfile?
An appraiser accepts an assignment involving a property type the appraiser has valued once before, years ago. Competency requires:
A Certified General appraiser is asked to value a specialized industrial property for the first time. The appraiser knows a competency gap exists before agreeing to the assignment. What is required if the appraiser proceeds?
Under 2024 USPAP Standard 1, which listed assignment element must be identified in developing a real property appraisal?
An appraiser provided an appraisal of the same property for another client 18 months ago. No confidentiality obligation prevents disclosing the fact of that service. Before agreeing to a new assignment, the appraiser must:
According to USPAP, what is the primary purpose of the Ethics Rule?
An appraiser is asked to determine 'fair market value' for an assignment. According to USPAP, the appraiser should:
Which list gives the sections of the 2024 USPAP Ethics Rule?
People Also Study
Real Estate Market
13.6% of exam
Property Description
11.8% of exam
Land or Site Valuation
4.5% of exam
Sales Comparison Approach
16.4% of exam
Cost Approach
13.6% of exam
Related Tools
Previous Question
An assignment involves neither residential real property nor a credit transaction, and no other law prohibits using a protected characteristic. When may the appraiser rely on such a characteristic?
Next Question
Which statement correctly contrasts mass appraisal with a traditional single-property (fee) appraisal?