Two vendors' models return confidence scores of 85 and 92 for the same property. What may the appraiser conclude?
Correct Answer
B) The scores are not comparable across vendors
Why this is correct: Confidence scores are proprietary metrics. Each vendor uses its own scale, calculation method, and data, making direct numerical comparison invalid. A 92 from one vendor is not necessarily better than an 85 from another. Why the other choices are wrong: You cannot conclude one model is more accurate without knowing how each score is calibrated. Averaging scores from different scales is meaningless. The scores do not indicate both models used the same underlying data. Exam tip: Treat vendor confidence scores as internal, non-standardized indicators. Understand the vendor's methodology before relying on the score.
Why This Is the Correct Answer
Why this is correct: Confidence scores are proprietary metrics. Each vendor uses its own scale, calculation method, and data, making direct numerical comparison invalid. A 92 from one vendor is not necessarily better than an 85 from another. Why the other choices are wrong: You cannot conclude one model is more accurate without knowing how each score is calibrated. Averaging scores from different scales is meaningless. The scores do not indicate both models used the same underlying data. Exam tip: Treat vendor confidence scores as internal, non-standardized indicators. Understand the vendor's methodology before relying on the score.
More emerging-appraisal-methods Questions
An appraiser consults a geographic information system for parcel boundaries. What limitation applies?
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?
People Also Study
Valuation Principles & Procedures
25% of exam
Property Description & Analysis
20% of exam
Market Analysis & Highest/Best Use
15% of exam
Appraisal Math & Statistics
15% of exam
USPAP (Ethics & Standards)
15% of exam
