Ace the 2025 National Appraisal Standards Exam – Elevate Your Expertise and Shine!

Question: 1 / 400

If a reviewer believes a value opinion in a report is unsupported, what does this imply about their own value opinion?

Did develop their own value opinion

Did not develop their own value opinion

When a reviewer believes that a value opinion in a report is unsupported, this suggests that they have not independently conducted the necessary analysis or research to establish their own value opinion. The essence of a review process is to assess the adequacy and reliability of another appraiser's conclusions. If the review maintains that the original value opinion lacks sufficient support, it indicates a lack of confidence in the substantiation provided, rather than a definitive conclusion reached by the reviewer themselves.

In the context of appraisal practice, a reviewer typically assesses the methodologies, data sources, and reasoning of an appraisal but may not derive their own value opinion without engaging in a comprehensive analytical process. Therefore, the reviewer recognizing an unsupported opinion aligns with the understanding that, at that moment, they have not formulated an alternative value opinion based on their own analysis.

Get further explanation with Examzify DeepDiveBeta

May have provided additional analysis

Must agree with the original appraisal

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy