Which of the following statements about appraiser peers is correct?

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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

Which of the following statements about appraiser peers is correct?

Explanation:
In USPAP, a peer reviewer is another appraiser who has demonstrated expertise and competency in a similar type of assignment. This ensures the reviewer can competently evaluate the appraisal’s methods, data, analysis, and conclusions to determine if it complies with professional standards. Non-appraisers cannot serve as peers, and an appraiser with no experience in the assignment type wouldn’t be able to provide a meaningful, qualified review. Clients aren’t appraisers and don’t fill the peer role either.

In USPAP, a peer reviewer is another appraiser who has demonstrated expertise and competency in a similar type of assignment. This ensures the reviewer can competently evaluate the appraisal’s methods, data, analysis, and conclusions to determine if it complies with professional standards. Non-appraisers cannot serve as peers, and an appraiser with no experience in the assignment type wouldn’t be able to provide a meaningful, qualified review. Clients aren’t appraisers and don’t fill the peer role either.

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