Which item must be identified in every written real property appraisal report?
Correct Answer
B) The client and any other intended users
Why this is correct: USPAP requires every written appraisal report to identify the client and any other intended users. This defines for whom the report is prepared and the level of information it must contain. Why the other choices are wrong: The fee agreement is a business matter, not a required report element. The lender's underwriting requirements are not a universal identification requirement. Comparable sales are identified by property address, not by owner name. Exam tip: Client and intended user identification is a core USPAP reporting requirement in every assignment.
Why This Is the Correct Answer
Why this is correct: USPAP requires every written appraisal report to identify the client and any other intended users. This defines for whom the report is prepared and the level of information it must contain. Why the other choices are wrong: The fee agreement is a business matter, not a required report element. The lender's underwriting requirements are not a universal identification requirement. Comparable sales are identified by property address, not by owner name. Exam tip: Client and intended user identification is a core USPAP reporting requirement in every assignment.
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