Appraiser Marcus Lee completed an appraisal with an in-person inspection on April 2. On April 5, a different client engages him for a new assignment on the same property with the same effective date, and Marcus decides a new inspection is unnecessary for credible results. Which statement is most accurate?
Correct Answer
B) He may use prior information, but he cannot certify a personal inspection for the new assignment
USPAP guidance allows an appraiser, in some circumstances, to use information developed in a prior assignment for a new assignment. However, the appraiser cannot certify that a personal inspection was made for the new assignment unless an in-person observation was part of that new assignment's scope of work.
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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?
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