The Scope of Work Rule requires the appraiser to determine and perform the scope of work necessary to:
Correct Answer
C) Develop credible assignment results
Why this is correct: The USPAP Scope of Work Rule requires the appraiser to determine and perform the scope of work necessary to produce assignment results that are credible for the intended use. Credibility is the benchmark. Why the other choices are wrong: 'Satisfy the most exhaustive standard available' is wrong; the scope must be appropriate, not necessarily the most exhaustive. 'Match the fee the client agreed to pay' is wrong; fee cannot dictate the necessary scope. 'Meet the shortest timeline the client requests' is wrong; timeline cannot compromise the necessary scope. Exam tip: Scope of work is driven by the need for credible results, not by client constraints like fee or deadline.
Why This Is the Correct Answer
Why this is correct: The USPAP Scope of Work Rule requires the appraiser to determine and perform the scope of work necessary to produce assignment results that are credible for the intended use. Credibility is the benchmark. Why the other choices are wrong: 'Satisfy the most exhaustive standard available' is wrong; the scope must be appropriate, not necessarily the most exhaustive. 'Match the fee the client agreed to pay' is wrong; fee cannot dictate the necessary scope. 'Meet the shortest timeline the client requests' is wrong; timeline cannot compromise the necessary scope. Exam tip: Scope of work is driven by the need for credible results, not by client constraints like fee or deadline.
More USPAP Questions
Which statement best defines a hypothetical condition under USPAP?
According to the Competency Rule, if an appraiser lacks the knowledge and experience to complete an assignment competently, which action is NOT acceptable?
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