Which statement belongs in the certification of an appraisal report?
Correct Answer
A) That the appraiser has no interest in the property
Why this is correct: A standard certification statement includes that the appraiser has no present or prospective interest in the property or personal bias regarding the parties involved. This speaks to the appraiser's objectivity. Why the other choices are wrong: An appraiser cannot warrant that a value will hold for any period. Client approval of the value is not part of the certification. The appraiser is not required to inspect every comparable property. Exam tip: Certification statements are about the appraiser's conduct and independence, not about future value or client approval.
Why This Is the Correct Answer
Why this is correct: A standard certification statement includes that the appraiser has no present or prospective interest in the property or personal bias regarding the parties involved. This speaks to the appraiser's objectivity. Why the other choices are wrong: An appraiser cannot warrant that a value will hold for any period. Client approval of the value is not part of the certification. The appraiser is not required to inspect every comparable property. Exam tip: Certification statements are about the appraiser's conduct and independence, not about future value or client approval.
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