Which statement about alternative inspection methods is correct?
Correct Answer
C) Their adequacy depends on the assignment
Why this is correct: USPAP does not prescribe specific methods; the appraiser must determine if the method is adequate for the assignment's intended use and yields credible results. Why the other choices are wrong: "USPAP lists the methods that are acceptable" is false; USPAP is flexible. "They are permitted only for residential property" is incorrect; they can be used for various property types if appropriate. "They require a waiver from the state board" is not a USPAP requirement. Exam tip: The key is whether the inspection method provides credible results for that specific assignment, not a predefined list.
Why This Is the Correct Answer
Why this is correct: USPAP does not prescribe specific methods; the appraiser must determine if the method is adequate for the assignment's intended use and yields credible results. Why the other choices are wrong: "USPAP lists the methods that are acceptable" is false; USPAP is flexible. "They are permitted only for residential property" is incorrect; they can be used for various property types if appropriate. "They require a waiver from the state board" is not a USPAP requirement. Exam tip: The key is whether the inspection method provides credible results for that specific assignment, not a predefined list.
More emerging-appraisal-methods Questions
An appraiser consults a geographic information system for parcel boundaries. What limitation applies?
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?
A lender's guidelines require an interior inspection, but the client asks for a desktop product to save time. What should the appraiser do?
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?
An appraiser relies on a published capitalization rate survey. What must be considered?
A model returns an estimate far from the appraiser's own conclusion. What is the appropriate response?
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