Emerging Appraisal Methods

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?

Which assignment type still requires the appraiser to develop an opinion of value?

A model returns an estimate far from the appraiser's own conclusion. What is the appropriate response?

What does it mean that a tool cannot comply with USPAP?

An appraiser is asked to review an assignment where an AVM supplied the value. What does the review examine?

Why is the date a data extract was pulled worth recording in the workfile?

A desktop appraisal is best described as an assignment completed how?

How does the scope of work rule apply when a lender requests a desktop assignment?

Why should an appraiser be cautious about a data source that reports only successful transactions?

Under value acceptance plus property data, what appraisal work is performed?

What is a hedonic model in the valuation context?

A repeat sales index differs from a hedonic model in what respect?

Does geographic competency still apply when an appraiser completes a desktop assignment remotely?

Which statement about alternative inspection methods is correct?

An appraiser discovers an error in data they previously relied on for a delivered report. What is required?

Why is disclosure especially important when observation was performed by someone else?

What does a property data collector produce?

An appraiser finds a public records file that omits a recent addition to the subject. What does this illustrate?

Why does the nondiscrimination standard matter particularly for automated valuation models?

What competency question arises when an appraiser first accepts hybrid assignments?

A property data collection reveals damage the collector describes but does not evaluate. What follows for the appraiser?

An appraiser reviews an AVM output, agrees with it, and reports it as their own opinion of value. What has occurred?

Why should demographic and economic data used in a market study carry its date and source?

An exterior-only appraisal is sometimes described by which term?

What is the essential feature of a bifurcated assignment?

Why should an appraiser disclose that a valuation model informed the analysis?

What does the phrase appropriate use of a valuation model most directly require of an appraiser?

What connects a ratio study to the evaluation of model performance?

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?

An appraiser completes a desktop assignment relying on a collector's report of interior condition. What does this typically require?

An appraiser uses permit records to establish when an addition was built. What is the main caution?

What does verification of a comparable sale involve beyond confirming the price?

May an appraiser use data from a prior assignment for a different client?

In what circumstance is a valuation model most defensibly relied upon?

Which term did Fannie Mae adopt in place of the retired phrase appraisal waiver?

An appraiser builds a spreadsheet regression to support adjustments. How is it treated?

Why is the sales history of the subject worth checking in a listing service as well as public records?

How does an appraiser handle a property data collection that omits a required characteristic?

How should flood hazard information from a mapping service be handled?

What is meant by model drift?

An appraiser accepts a desktop assignment on a property type they have never valued. What applies?

Why should an appraiser identify the data sources used in the report?

How should an appraiser treat a value estimate found on a consumer real estate website?

Two data sources disagree about a comparable's living area. What should the appraiser do?

Which source most directly confirms the price actually paid in a transaction?

What must an appraiser establish before relying on data from a third-party aggregator?