When an appraisal is transmitted electronically, the appraiser must:
Correct Answer
C) Guard signature use and keep a true copy of the transmitted report
Use appropriate care to preserve report content and signature integrity, and retain a true copy of the transmitted report. USPAP does not impose a universal wet-signature, printed-follow-up or encryption method for every electronic report.
Why This Is the Correct Answer
Option C is correct because the workfile must contain true copies of all written reports, documented on any type of media, where a true copy is a replica of the report transmitted to the client. USPAP also allows an appraiser to authorize signature use only on an assignment-by-assignment basis and prohibits affixing another appraiser's signature without consent. Guarding signature use and keeping a true copy reflect these duties.
Why the Other Options Are Wrong
Option A: Mail a printed copy of the report to the client within thirty days of delivery
Option A requires mailing a printed copy within thirty days of delivery. USPAP contains no requirement to send a printed follow-up copy, and the thirty-day deadline has no basis in USPAP.
Option B: Obtain a wet signature before each electronic delivery of a report
Option B requires a wet signature before each electronic delivery. USPAP does not require wet signatures for electronic reports; it requires appropriate control over signature use.
Option D: Encrypt the report using a method that USPAP prescribes
Option D requires encryption using a method USPAP prescribes. USPAP does not prescribe a specific encryption method; it calls for appropriate care and protection.
Guard the signature, keep the copy
For electronic reports, control who uses your signature and keep an exact replica of what you sent.
How to use: Use this when a question asks what USPAP requires for electronic transmission.
Exam Tip
USPAP sets duties, not technologies. Options requiring wet signatures, printed copies or specific encryption are distractors.
Common Mistakes to Avoid
- -Believing electronic reports need a wet signature
- -Thinking USPAP specifies an encryption method
- -Keeping a draft in the workfile instead of the version actually transmitted
Concept Deep Dive
Analysis
This question tests the obligations that apply to electronically transmitted reports. USPAP requires the workfile to hold a true copy of the transmitted report and restricts how signatures may be used. It does not prescribe specific delivery technologies or wet signatures.
Background Knowledge
The Record Keeping Rule requires true copies of written reports in the workfile, in any medium. The Ethics Rule's provisions on signatures and confidentiality apply to electronic reports just as they do to paper ones.
Real-World Application
An appraiser lets her assistant apply her digital signature only for a specific assignment she has completed and reviewed. After uploading the report to the lender's portal, she saves the exact file in her workfile as the true copy.
More USPAP Questions
Under USPAP, what are assignment results?
The certification required by Standards Rule 2-3 must be signed by:
Under 2024 USPAP, which statement correctly combines the requirements for an oral real property appraisal report and its workfile?
An appraiser accepts an assignment involving a property type the appraiser has valued once before, years ago. Competency requires:
A Certified General appraiser is asked to value a specialized industrial property for the first time. The appraiser knows a competency gap exists before agreeing to the assignment. What is required if the appraiser proceeds?
Under 2024 USPAP Standard 1, which listed assignment element must be identified in developing a real property appraisal?
An appraiser provided an appraisal of the same property for another client 18 months ago. No confidentiality obligation prevents disclosing the fact of that service. Before agreeing to a new assignment, the appraiser must:
According to USPAP, what is the primary purpose of the Ethics Rule?
An appraiser is asked to determine 'fair market value' for an assignment. According to USPAP, the appraiser should:
Which list gives the sections of the 2024 USPAP Ethics Rule?
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