Under USPAP, it is permissible for an appraiser to be engaged by an agent acting on behalf of the client.

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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

Under USPAP, it is permissible for an appraiser to be engaged by an agent acting on behalf of the client.

Explanation:
An engagement can come through someone who has authority to act for the client, such as an agent. USPAP allows this as long as the agent is authorized by the client to arrange appraisal services and that authority is documented. The appraiser must identify the client, clarify the intended use and users, and lay out the scope of work in the engagement. The appraiser remains responsible to the client and must carry out the assignment in accordance with the client’s instructions, with independence and objectivity intact. If the agent’s authority to engage the appraiser exists, this arrangement is permissible.

An engagement can come through someone who has authority to act for the client, such as an agent. USPAP allows this as long as the agent is authorized by the client to arrange appraisal services and that authority is documented. The appraiser must identify the client, clarify the intended use and users, and lay out the scope of work in the engagement. The appraiser remains responsible to the client and must carry out the assignment in accordance with the client’s instructions, with independence and objectivity intact. If the agent’s authority to engage the appraiser exists, this arrangement is permissible.

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