Certified Residential Appraiser Practice Exam

When might it be necessary for an appraiser to reconsider the scope of work?

1. After filing the report

2. Upon finding discrepancies in property type

3. When the client has a specific request

4. Only if the appraisal is challenged

The correct answer is: Upon finding discrepancies in property type

Reconsidering the scope of work is essential for an appraiser when discrepancies in property type are identified. Property type is a critical component that influences factors like valuation techniques, comparable analysis, and market conditions. If discrepancies arise regarding the property, the appraiser must reassess their approach to ensure the methods applied are suitable and relevant for the specific characteristics of the property being appraised. Addressing discrepancies can lead to a more accurate appraisal, as the appraiser needs to ensure that the correct data and methodologies align with the property’s true nature. An oversight in this area could impact the reliability of the appraisal report and its acceptance by clients or regulatory bodies. The other situations do not require an automatic reconsideration of the scope of work. For instance, an appraiser would not typically alter the scope of work after filing the report or solely because of a challenge to the appraisal. Changes based on client requests may be considered, but they need to be analyzed in the context of whether those requests are reasonable and relevant to the property being appraised.