Certified Residential Appraiser Practice Exam

When performing an appraisal review, a reviewer may use new information as long as:

1. It aligns with the original appraisal conclusion

2. It is not considered in the reviewer's opinion of the quality

3. It is disclosed to the original appraiser

4. It comes from a licensed source

The correct answer is: It is not considered in the reviewer's opinion of the quality

In the context of appraisal reviews, using new information is a nuanced process. The selection of the option indicating that the new information is not considered in the reviewer's opinion of quality highlights the importance of maintaining objectivity during the appraisal review process. This means that the reviewer should not allow the new information to unduly influence their judgment about the quality of the original appraisal. Instead, the reviewer must evaluate the original appraisal's methodologies, data, and conclusions based on the standards and information available at the time the original appraisal was completed. In practice, while reviewers may augment their assessments with new data, the emphasis remains on the integrity and independence of the initial appraisal rather than assessing it against potentially biased new information that could lead to an altered perception of its quality. This ensures that the review process remains grounded in a fair evaluation based on the original context in which the appraisal was done. Contextually, the other options involve aspects of alignment with the original appraisal's conclusions, disclosure to the original appraiser, and the source of information, which all pertain to how new data should be handled, but they do not capture the core principle of maintaining an independent opinion on the quality of the original appraisal when integrating new information.