Certified Pennsylvania Evaluator Practice Exam

What is expected of appraisers in their work according to USPAP guidelines?

1. To have personal opinions about property value

2. To perform appraisals in a manner which is independent, impartial, and objective

3. To favor certain clients over others

4. To conduct appraisals based on peer pressure

The correct answer is: To perform appraisals in a manner which is independent, impartial, and objective

Under USPAP (Uniform Standards of Professional Appraisal Practice) guidelines, appraisers are expected to perform their work in a manner that is independent, impartial, and objective. This standard is crucial as it ensures that appraisals are carried out without bias and reflect a true and fair market value of the property being assessed. Independence means that appraisers should not be influenced by external factors or relationships that might compromise their judgment. Impartiality means treating all parties related to the appraisal process fairly, without favoritism or prejudice. Objectivity demands that appraisers base their opinions solely on factual and verifiable data related to the property, rather than personal feelings or external pressures. By adhering to these principles, appraisers maintain the integrity of the appraisal process, fostering trust and reliability in their valuations. This is essential not only for their professional reputation but also for the broader market, as stakeholders rely on accurate appraisals for decision-making.