Emerging Appraisal Methods

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?

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?

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

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

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

Which requirement is among the quality control standards imposed on institutions using automated valuation models?

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?

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

What is the caution when using builder-supplied pricing for new construction comparables?

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

Why does the growth of data sources not reduce the appraiser's verification burden?

What is a hedonic model in the valuation context?

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

An appraiser is offered a tool that drafts adjustment support automatically. What must be established before use?

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

How should rent survey data be applied in the income approach?

How does valuation bias relate to the use of technology in appraisal?

What distinguishes data from analysis in an appraisal assignment?

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 wishes to rely on an AVM figure in developing an opinion of value. What is required?

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?

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

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

How does an evaluation differ from an appraisal under the interagency guidelines?

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

What is the appropriate use of a published cost service in the cost approach?

A trainee performs the inspection and the supervisory appraiser signs the report. What must the certification show?

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?

Aerial imagery is used to examine a roof the appraiser could not see from the ground. How should this be reported?

What is the essential feature of a bifurcated assignment?

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