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.
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Under current USPAP guidance, what is the output of an automated valuation model before an appraiser analyzes it?
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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?
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A model returns an estimate far from the appraiser's own conclusion. What is the appropriate response?
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