What does Advisory Opinion 2 address in relation to personal inspections?

What does Advisory Opinion 2 address in relation to personal inspections?

• A. Guidelines for appraisers using remote observation tools
• B. Strategies for improving valuation results
• C. What constitutes a personal inspection for appraisers
• D. Methods for ensuring client satisfaction

Answer: (C)

Advisory Opinion 2 specifically focuses on defining what constitutes a personal inspection for appraisers. This includes clarifying the importance of an appraiser conducting a firsthand examination of a property. Such inspections are integral to ensuring that the appraiser has a comprehensive understanding of the property’s condition, characteristics, and any relevant factors that may affect its value. This personal inspection is viewed as a critical component of the appraisal process, as it helps to establish the credibility and reliability of the valuation. In essence, this advisory opinion provides a framework that appraisers must consider when determining the adequacy of their inspection practices, thereby reinforcing the significance of this step in delivering an accurate appraisal. This thoroughness is particularly important in maintaining the integrity of the appraisal profession and ensuring compliance with applicable standards.

Advisory Opinion 2 specifically focuses on defining what constitutes a personal inspection for appraisers. This includes clarifying the importance of an appraiser conducting a firsthand examination of a property. Such inspections are integral to ensuring that the appraiser has a comprehensive understanding of the property’s condition, characteristics, and any relevant factors that may affect its value. This personal inspection is viewed as a critical component of the appraisal process, as it helps to establish the credibility and reliability of the valuation.

In essence, this advisory opinion provides a framework that appraisers must consider when determining the adequacy of their inspection practices, thereby reinforcing the significance of this step in delivering an accurate appraisal. This thoroughness is particularly important in maintaining the integrity of the appraisal profession and ensuring compliance with applicable standards.