Which set describes components of scope of work?
Correct Answer
B) Extent of property identification and inspection, data research and analyses
Scope concerns the extent of identification and inspection, data research and analysis needed for the problem. It is not a fixed inspection checklist or the fee schedule, and deciding the scope is separate from adequately reporting it.
Why This Is the Correct Answer
Option B is correct because the scope of work includes the extent to which the property is identified, the extent to which tangible property is inspected, the type and extent of data researched, and the type and extent of analyses applied. This choice lists those components. The appraiser decides them based on what the assignment problem requires.
Why the Other Options Are Wrong
Option A: The fee, the due date and the client’s desired value
Option A lists the fee, the due date and the client's desired value. These are engagement terms or improper influences, not the identification, inspection, research and analysis that make up scope of work.
Option C: Whether the report form has a specific scope heading
Option C focuses on whether the report form has a specific scope heading. Scope is about what work is done; how it is labeled in a report is a reporting matter, and USPAP does not require a separate heading.
Option D: An interior inspection of each comparable sale and a survey of the subject site
Option D requires an interior inspection of each comparable and a survey of the subject site. Those are fixed tasks that may or may not be needed; scope of work is set by what the problem requires, not by a standard checklist.
Identify, Inspect, Research, Analyze
Scope of work answers how much you identify, inspect, research and analyze.
How to use: Use these four verbs to check whether an answer describes scope of work.
Exam Tip
Look for the answer built on extent of identification, inspection, research and analysis; reject answers about fees, deadlines or report headings.
Common Mistakes to Avoid
- -Treating the fee and due date as scope-of-work components
- -Confusing deciding the scope with how it is labeled in the report
- -Assuming scope requires a fixed set of inspections
Concept Deep Dive
Analysis
This question tests what makes up the scope of work. USPAP describes scope of work as including the extent of property identification, the extent of inspection, the type and extent of data researched, and the type and extent of analyses applied. Business terms such as fee or due date, and fixed inspection checklists, are not the components of scope.
Background Knowledge
The Scope of Work Rule requires the appraiser to identify the problem, determine and perform the scope of work necessary for credible results, and disclose that scope in the report. The appropriate scope depends on the intended use, the intended users and what is needed for credible results.
Real-World Application
For a desktop assignment, an appraiser does not inspect the subject but researches public records, MLS data and photos, then analyzes five sales. The report describes this extent of identification, inspection, research and analysis.
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