What requirement must be fulfilled when an appraiser provides an oral report?

What requirement must be fulfilled when an appraiser provides an oral report?

• A. No specific requirements are necessary
• B. The date of the report must be the same as the oral presentation date
• C. A signed and dated certification must be included in the workfile
• D. Written confirmation of the oral report can be omitted if requested

Answer: (C)

When an appraiser provides an oral report, it is essential that a signed and dated certification be included in the workfile. This requirement is part of the Standards of Professional Practice outlined in the Uniform Standards of Professional Appraisal Practice (USPAP). The workfile must contain sufficient documentation to support the appraisal, and this includes any oral presentations made. The certification acts as a formal acknowledgment of the appraiser's responsibilities and adherence to ethical and professional standards. Including a signed and dated certification in the workfile ensures that there is a clear record of the appraiser's conclusions and the date of the report, which helps maintain consistency and accountability in the appraisal process. This requirement not only safeguards the interests of both the appraiser and the clients but also upholds the integrity of the appraisal profession by ensuring transparency and traceability in the appraisal findings and assessments communicated verbally.

When an appraiser provides an oral report, it is essential that a signed and dated certification be included in the workfile. This requirement is part of the Standards of Professional Practice outlined in the Uniform Standards of Professional Appraisal Practice (USPAP). The workfile must contain sufficient documentation to support the appraisal, and this includes any oral presentations made. The certification acts as a formal acknowledgment of the appraiser's responsibilities and adherence to ethical and professional standards.

Including a signed and dated certification in the workfile ensures that there is a clear record of the appraiser's conclusions and the date of the report, which helps maintain consistency and accountability in the appraisal process. This requirement not only safeguards the interests of both the appraiser and the clients but also upholds the integrity of the appraisal profession by ensuring transparency and traceability in the appraisal findings and assessments communicated verbally.