Two data sources disagree about a comparable's living area. What should the appraiser do?
Correct Answer
C) Resolve the conflict before using either figure
Why this is correct: Before using data in an appraisal, the appraiser must take steps to ensure it is reliable. When sources conflict on a critical element like living area, the appraiser must resolve the discrepancy through verification (e.g., measuring, checking sketches, contacting a reliable source) before using the figure. Why the other choices are wrong: Adopting the larger figure without verification is biased and unsupported. Averaging creates a fictional number not representative of any real property. Excluding the comparable entirely may be premature if the conflict can be resolved. Exam tip: Never guess or average conflicting key data. Your duty is to verify and reconcile before reliance.
Why This Is the Correct Answer
Why this is correct: Before using data in an appraisal, the appraiser must take steps to ensure it is reliable. When sources conflict on a critical element like living area, the appraiser must resolve the discrepancy through verification (e.g., measuring, checking sketches, contacting a reliable source) before using the figure. Why the other choices are wrong: Adopting the larger figure without verification is biased and unsupported. Averaging creates a fictional number not representative of any real property. Excluding the comparable entirely may be premature if the conflict can be resolved. Exam tip: Never guess or average conflicting key data. Your duty is to verify and reconcile before reliance.
More emerging-appraisal-methods Questions
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How does an alternative inspection method affect the appraiser's disclosure obligations?
A collector's photographs show a condition the appraiser believes needs specialist assessment. What is the appropriate step?
What responsibility does an appraiser retain for an error originating in a third-party database?
Under current USPAP guidance, what is the output of an automated valuation model before an appraiser analyzes it?
A lender's guidelines require an interior inspection, but the client asks for a desktop product to save time. What should the appraiser do?
How should an appraiser respond to a client requesting a shorter turn time than credible results allow?
Which assignment type still requires the appraiser to develop an opinion of value?
An appraiser relies on a published capitalization rate survey. What must be considered?
A model returns an estimate far from the appraiser's own conclusion. What is the appropriate response?
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