What does the scope of work rule require when an appraiser identifies an issue mid-assignment that needs more research?
Correct Answer
A) Expanding the scope to reach credible results
Why this is correct: Under USPAP, the scope of work must be sufficient to produce credible assignment results. If, during the assignment, the appraiser discovers that more research or analysis is needed for credibility, they must expand the scope accordingly. The original agreement cannot limit the work below what is necessary for credibility. Why the other choices are wrong: "Completing the work as originally agreed" would violate the rule if the agreed scope is now insufficient. "Disclosing the issue and stopping the assignment" is not required; the appraiser should expand scope and continue. "Renegotiating the fee before any further work" may be a practical step, but the rule's requirement is to expand the scope to achieve credibility. Exam tip: Credibility dictates scope, not the client's initial request.
Why This Is the Correct Answer
Why this is correct: Under USPAP, the scope of work must be sufficient to produce credible assignment results. If, during the assignment, the appraiser discovers that more research or analysis is needed for credibility, they must expand the scope accordingly. The original agreement cannot limit the work below what is necessary for credibility. Why the other choices are wrong: "Completing the work as originally agreed" would violate the rule if the agreed scope is now insufficient. "Disclosing the issue and stopping the assignment" is not required; the appraiser should expand scope and continue. "Renegotiating the fee before any further work" may be a practical step, but the rule's requirement is to expand the scope to achieve credibility. Exam tip: Credibility dictates scope, not the client's initial request.
More reconciliation Questions
An appraiser is told the property has no environmental contamination and cannot verify it. How should this be handled?
Reconciliation of the approaches to value is best described as which activity?
Significant appraisal assistance from a person who does not sign the report must be treated how?
In appraising a hotel as a going concern, what must be allocated?
What does it mean to say an approach is not applicable to an assignment?
Which of the following is a written report option named in the current edition of USPAP?
What distinguishes qualitative from quantitative analysis in the sales comparison approach?
Why should the reconciliation address the quantity of evidence as well as its quality?
An appraisal report includes an addendum explaining the adjustment derivation. How does this affect compliance?
An extraordinary assumption proves false after the report is delivered. What follows?
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