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 Methods Questions
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?
Which assignment type still requires the appraiser to develop an opinion of value?
A model returns an estimate far from the appraiser's own conclusion. What is the appropriate response?
What does it mean that a tool cannot comply with USPAP?
An appraiser is asked to review an assignment where an AVM supplied the value. What does the review examine?
Why is the date a data extract was pulled worth recording in the workfile?
A desktop appraisal is best described as an assignment completed how?
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