An appraiser is permitted to be biased when performing an appraisal, as long as the bias is properly disclosed.

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

An appraiser is permitted to be biased when performing an appraisal, as long as the bias is properly disclosed.

Explanation:
Objectivity and impartiality are fundamental to USPAP. Appraisers must base conclusions on credible data and sound analysis, free from personal or financial influences. Bias compromises that objectivity, and disclosure does not fix it—the opinion remains biased and cannot be relied upon as a valid appraisal. If bias exists, the proper course is to decline or withdraw from the assignment or recuse oneself, rather than proceed with a biased appraisal. That’s why the statement is not acceptable.

Objectivity and impartiality are fundamental to USPAP. Appraisers must base conclusions on credible data and sound analysis, free from personal or financial influences. Bias compromises that objectivity, and disclosure does not fix it—the opinion remains biased and cannot be relied upon as a valid appraisal. If bias exists, the proper course is to decline or withdraw from the assignment or recuse oneself, rather than proceed with a biased appraisal. That’s why the statement is not acceptable.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy