Intended use is:

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

Intended use is:

Explanation:
The main concept being tested is that the intended use of an appraisal is determined by the appraiser through communication with the client and is then documented for the assignment. This establishes what the appraisal is being done for and guides the scope of work, data gathering, and the valuation approaches used. The appraiser discusses the purpose with the client, confirms it with any other intended users, and clearly communicates it in the engagement and the report. This ensures the appraisal meets the client’s needs while complying with USPAP. It isn’t solely identified by the client, and it isn’t irrelevant to USPAP. The client provides the context, but USPAP requires the appraiser to affirm and document the intended use based on that discussion.

The main concept being tested is that the intended use of an appraisal is determined by the appraiser through communication with the client and is then documented for the assignment. This establishes what the appraisal is being done for and guides the scope of work, data gathering, and the valuation approaches used. The appraiser discusses the purpose with the client, confirms it with any other intended users, and clearly communicates it in the engagement and the report. This ensures the appraisal meets the client’s needs while complying with USPAP.

It isn’t solely identified by the client, and it isn’t irrelevant to USPAP. The client provides the context, but USPAP requires the appraiser to affirm and document the intended use based on that discussion.

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