Certified Residential Appraiser Practice Exam

Is it permissible for an appraiser to retain a report copy in their workfile without a signature according to USPAP?

1. Yes, it is permissible

2. No, a true copy must include a signature

3. Yes, if it's only for internal use

4. No, but it can be signed later

The correct answer is: No, a true copy must include a signature

The 정확한 answer to the question revolves around the USPAP (Uniform Standards of Professional Appraisal Practice) requirements regarding the handling of appraisal reports. According to USPAP, an appraiser is required to retain a copy of their appraisal report in their workfile. However, that report must be a true copy, which includes the appraiser's signature. The signature is crucial as it authenticates the report and asserts that the appraiser stands behind the content and the conclusions drawn within it. Keeping a report without a signature does not fulfill this requirement and therefore would not be considered a true copy as defined by USPAP. The absence of a signature can lead to questions regarding the integrity and accountability of the report itself, which is why retaining a signed report is essential for compliance with appraisal standards.