If a reviewer is to develop their own opinion of value within an appraisal review assignment, what does this indicate?

In an appraisal review assignment where a reviewer develops their own opinion of value, this indicates a two-stage assignment. The first stage involves the initial appraisal where an appraiser provides a value estimate based on their analysis of the property, market conditions, and applicable methodologies. The second stage occurs when the reviewer examines that initial appraisal and conducts their own analysis to form a separate opinion of value.

This process is essential to ensure the integrity and reliability of the appraisal outcome. By forming an independent opinion, the reviewer can assess the quality and accuracy of the original appraisal and identify any areas of concern or potential biases. This two-stage approach allows for a more thorough and objective review, thereby supporting the overall effectiveness of the appraisal process and adherence to professional standards.