A lender's production manager tells appraiser Elena Gomez, "We need at least $620,000 or the loan will fall apart. Bring it in there and we'll keep sending you work." What is the clearest USPAP problem with this request?
Correct Answer
B) It pressures the appraiser toward a predetermined result
The request attempts to influence the appraiser toward a specific value conclusion so the loan will close. USPAP requires impartiality, objectivity, and independence, and it prohibits accepting assignments that require predetermined opinions or conclusions.
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In appraisal practice, what is USPAP?
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On June 10, appraiser Brian Foster accepts an assignment involving property being acquired by a federal agency. The client says only, "Do a normal appraisal." During problem identification, Brian realizes federal acquisition standards and laws may apply. What should he do?