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Valuation Market AnalysisAppraisal_process_and_regulationMEDIUM

A lender's required appraisal form contains a certification that does not clearly address whether the appraiser did or did not make a personal inspection. The appraiser is not allowed to edit the lender's form. What is the proper response?

Correct Answer

B) Add a supplemental certification containing the missing USPAP certification elements

USPAP Standards Rule 2-3(d) requires a supplemental certification when an assignment requires use of a certification that does not include all required elements. If the lender's form does not clearly address personal inspection, the appraiser must supply the missing certification language separately.

Answer Options
A
Leave the form unchanged because USPAP allows silent certification on inspection
B
Add a supplemental certification containing the missing USPAP certification elements
C
State verbally that an inspection occurred and rely on the workfile
D
Replace the lender's form with the appraiser's own report format

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Related Topics & Key Terms

Key Terms:

supplemental_certificationpersonal_inspectionreport_requirementsuspap_compliance
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