The credibility of assignment results is evaluated within the context of what factor?

The credibility of assignment results is primarily evaluated within the context of the intended use of the appraisal. This principle is crucial because the intended use clarifies for whom the appraisal is being conducted and what decisions will be based on the appraisal results. The intended use informs the scope of work necessary to provide credible results.

For example, an appraisal conducted for a loan underwriting process may need to meet more stringent requirements than one conducted for an internal company assessment. Each situation may demand different levels of detail, methods, and analysis. By aligning the appraisal process with the intended purpose, the appraiser can ensure that the results are relevant and reliable for the specific needs of the client and the assignment.

Understanding the intended use helps guide the appraiser in determining which data to collect, what methodologies to employ, and how to format the report to provide maximum utility and credibility to the users of the appraisal.