What is the risk of accepting a model estimate because it agrees with the client's expectation?
Correct Answer
C) The appraiser has let the outcome select the evidence
Why this is correct: This describes 'confirmation bias' or 'advocacy,' violating USPAP's requirement for impartiality. Selecting or favoring an analysis because it matches a pre-determined outcome compromises objectivity, as the original explanation warns. Why the other choices are wrong: The model's confidence score is an internal metric, not necessarily lost. Agreement does not always indicate an error; it could be coincidental. Client expectations are not inherently confidential, but using them to drive the value conclusion is unethical. Exam tip: The process must be evidence-driven, not result-driven. The client's expected value is not a valid reconciliation factor.
Why This Is the Correct Answer
Why this is correct: This describes 'confirmation bias' or 'advocacy,' violating USPAP's requirement for impartiality. Selecting or favoring an analysis because it matches a pre-determined outcome compromises objectivity, as the original explanation warns. Why the other choices are wrong: The model's confidence score is an internal metric, not necessarily lost. Agreement does not always indicate an error; it could be coincidental. Client expectations are not inherently confidential, but using them to drive the value conclusion is unethical. Exam tip: The process must be evidence-driven, not result-driven. The client's expected value is not a valid reconciliation factor.
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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