Who decides the appropriate scope of work for an assignment?
Correct Answer
B) The appraiser, sufficient for credible results given the intended use
Why this is correct: The appraiser has the professional responsibility to determine the scope of work necessary to produce credible assignment results for the intended use. This judgment is based on what is credible and what peers would do, not solely on client requests. Why the other choices are wrong: The client cannot dictate an insufficient scope. State boards set licensing rules, not specific scopes for each assignment. The reviewer does not decide the scope; the appraiser does. Exam tip: You own the scope decision. The client can ask for less, but you must deliver what is credible.
Why This Is the Correct Answer
Why this is correct: The appraiser has the professional responsibility to determine the scope of work necessary to produce credible assignment results for the intended use. This judgment is based on what is credible and what peers would do, not solely on client requests. Why the other choices are wrong: The client cannot dictate an insufficient scope. State boards set licensing rules, not specific scopes for each assignment. The reviewer does not decide the scope; the appraiser does. Exam tip: You own the scope decision. The client can ask for less, but you must deliver what is credible.
More USPAP Questions
Which type of appraisal report may contain the appraiser's analyses, opinions, and conclusions but is intended for use by the client only?
How long must an appraiser retain the workfile for an appraisal assignment under USPAP?
If an appraiser uses a hypothetical condition that the subject property is 10% larger than it actually is, this must be:
Under Standard 1, when developing a real property appraisal, an appraiser must:
An appraiser accepts an assignment to appraise a specialized industrial property but has never appraised this property type before. To comply with the Competency Rule, the appraiser:
According to the Scope of Work Rule, the scope of work must be appropriate to the:
According to Standard 1, when developing an opinion of market value, an appraiser must analyze:
A lender emails: 'We need at least $450,000 to make this loan work — can you take the assignment?' Accepting on that basis is:
An appraiser is developing an opinion of market value for a 20-unit apartment building. The appraiser finds three comparable sales with the following information: Sale 1: 18 units, sold for $1,800,000; Sale 2: 22 units, sold for $2,200,000; Sale 3: 24 units, sold for $2,280,000. What is the average price per unit for these comparables?
In developing a scope of work, an appraiser must consider all of the following factors EXCEPT:
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