Who is an intended user in an appraisal assignment?
Correct Answer
A) A party the appraiser identifies, based on the client and assignment, as a user of the report
An intended user is not everyone who may later see the appraisal. It is the party or parties the appraiser identifies, based on the client relationship and the assignment, as users of the report.
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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?
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A lender is reviewing a residential appraisal report for compliance with current secondary-market standards. Which of the following actions is NOT listed as an unacceptable appraisal practice?