The certification required by Standards Rule 2-3 must be signed by:
Correct Answer
B) The appraiser or appraisers accepting responsibility for it
Why this is correct: The certification required by Standards Rule 2-3 must be signed by the appraiser or appraisers who accept responsibility for the content of the appraisal and the conclusions within the report. Why the other choices are wrong: "The client who commissioned the appraisal" does not sign the appraiser's certification. "Each person who provided information for the report" is not required; only those providing significant appraisal assistance must be disclosed, but they need not sign. "A state-certified reviewing appraiser retained before delivery" is not a USPAP requirement for every report. Exam tip: The signature on the certification is the appraiser's acceptance of personal responsibility for the appraisal.
Why This Is the Correct Answer
Option B is correct because the certification must be signed by the appraiser or appraisers who accept responsibility for the content of the appraisal and the conclusions in the report. USPAP states that any appraiser who signs a certification accepts full responsibility for all elements of the certification, the assignment results and the contents of the report. The signature is the appraiser's acceptance of that personal responsibility.
Why the Other Options Are Wrong
Option A: The client who commissioned the appraisal
Option A, the client who commissioned the appraisal, does not sign the appraiser's certification. The certification states the appraiser's own representations, so the client is not a signer.
Option C: Each person who provided information for the report
Option C says each person who provided information for the report must sign. Only those providing significant real property appraisal assistance must be disclosed, and they need not sign; mere information sources do not sign the certification.
Option D: A state-certified reviewing appraiser retained before delivery
Option D, a state-certified reviewing appraiser retained before delivery, is not a USPAP requirement for every report. Review is a separate assignment, not a signature requirement for the appraiser's certification.
Sign It, Own It
Whoever signs the certification owns the appraisal and its results. The client and data sources do not sign it.
How to use: Use this phrase when a question asks who signs the USPAP certification.
Exam Tip
Link the certification signature to acceptance of responsibility. Disclosure of significant assistance is different from a signature requirement.
Common Mistakes to Avoid
- -Thinking the client signs or co-signs the certification
- -Believing every person who provided data must sign
- -Confusing disclosure of significant assistance with a signature requirement
Concept Deep Dive
Analysis
This question tests who signs the certification in a real property appraisal report. The certification is signed by the appraiser or appraisers who accept responsibility for the appraisal and its conclusions. Candidates should distinguish signing appraisers from clients, information providers and reviewers.
Background Knowledge
The certification is a set of signed statements in which the appraiser affirms matters such as impartiality, prior services, inspection and assistance. Signing it means accepting responsibility for the assignment results and report contents. Persons who provide significant appraisal assistance but do not sign must be identified in the certification.
Real-World Application
Two appraisers work together on a report, and both accept responsibility for the conclusions. Both sign the certification. A trainee who provided significant research assistance is named in the certification but does not sign it.
More USPAP Questions
Under USPAP, what are assignment results?
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?
A reviewer uses an unfamiliar analytical technique in developing an appraisal review. What does SR 3-1 require?
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