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

Study for the National Uniform Standards of Professional Appraisal Practice Test. Use multiple choice questions and flashcards to prepare effectively. Each question provides explanations and hints. Be ready for your exam success!

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.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy