An appraiser discovers after completing an appraisal that the property has an undisclosed easement that significantly affects value. The appraiser wants to revise the report. This revision is:
Correct Answer
C) Permitted when based on new factual information
Appraisers may revise reports when new factual information comes to light that materially affects the property value. This is considered a correction rather than inappropriate pressure, and maintains the integrity of the appraisal process.
Why This Is the Correct Answer
Appraisers may revise reports when new factual information comes to light that materially affects the property value. This is considered a correction rather than inappropriate pressure, and maintains the integrity of the appraisal process.
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