A valuation service that is premised upon advocacy cannot be performed by an individual acting as an appraiser.

• A. Sometimes
• B. Only with disclosure
• C. True
• D. False

Answer: (C)

When a valuation assignment is built to promote a specific party’s position, it cannot be objective. Appraisers are required to maintain independence and objectivity in their valuations. If the engagement is framed as advocacy, the appraiser’s ability to impartially assess value is compromised, making it inappropriate for someone acting as an appraiser to perform that service. That’s why this statement is true. If advocacy is the goal, a non-appraiser or a service that doesn’t present itself as an appraisal may be involved, but not as an appraiser providing an unbiased valuation.