A valuation service premised upon advocacy cannot be performed by an appraiser.

Study for the McKissock 15hr National USPAP Test. Use flashcards and multiple-choice questions with hints and explanations. Get ahead in your appraisal career!

Multiple Choice

A valuation service premised upon advocacy cannot be performed by an appraiser.

Explanation:
The main concept is that appraisers must maintain independence and objectivity, and they may not perform valuation services that are designed to advocate for a particular outcome. A valuation service premised on advocacy is specifically intended to influence the user’s view in favor of a party, which conflicts with the appraiser’s obligation to provide an unbiased, well-supported opinion using accepted methods. Because of that fundamental requirement for impartiality, an appraiser cannot properly perform an advocacy-based valuation service under USPAP. If advocacy is needed, it should be handled by someone who is not acting as an appraiser, or by offering a non-appraisal advisory service that doesn’t compromise independence.

The main concept is that appraisers must maintain independence and objectivity, and they may not perform valuation services that are designed to advocate for a particular outcome. A valuation service premised on advocacy is specifically intended to influence the user’s view in favor of a party, which conflicts with the appraiser’s obligation to provide an unbiased, well-supported opinion using accepted methods. Because of that fundamental requirement for impartiality, an appraiser cannot properly perform an advocacy-based valuation service under USPAP. If advocacy is needed, it should be handled by someone who is not acting as an appraiser, or by offering a non-appraisal advisory service that doesn’t compromise independence.

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