Does the scope of work in appraisal practice require disclosure?

The scope of work in appraisal practice does not require disclosure. This means that appraisers are not obligated to disclose the specific scope of work they have determined in their appraisal reports. The scope of work is essentially the range of tasks and analysis that an appraiser undertakes in order to complete an appraisal assignment.

While transparency in the appraisal process is crucial, the specific details of the scope of work, such as the methodologies selected, data sources used, and any assumptions made, are generally considered a part of the appraiser's discretion and expertise. This allows appraisers to have the freedom to adapt their approaches based on the unique aspects of each assignment and the client’s needs.

Furthermore, disclosure might not be necessary in every situation, as the audience for the appraisal may not require an understanding of all methods used. This flexibility helps maintain the value of professional judgment in the appraisal field. However, that said, appraisers do have a responsibility to communicate how they arrived at their conclusions, especially regarding significant assumptions and limiting conditions, but the overall scope of work remains a confidential aspect of the appraisal process.