What must an appraiser do when obligated by law or regulation?

When an appraiser is obligated by law or regulation, it is essential for them to comply with the Uniform Standards of Professional Appraisal Practice (USPAP). USPAP provides a framework that ensures professional standards and ethical considerations in appraisal practices. Compliance ensures that the appraiser adheres to both legal requirements and industry standards, thus maintaining the integrity and credibility of the appraisal process.

In situations where laws or regulations dictate specific practices, adhering to USPAP means that the appraiser will align their actions with accepted professional conduct while still fulfilling legal obligations. This dual compliance is vital to uphold the legal standards set forth in the jurisdiction they operate in, while also ensuring that their appraisal results are valid and defensible in professional contexts.

The other options do not effectively support a responsible approach to appraisal under legal obligations. Ignoring USPAP would undermine the appraiser's professional responsibility and could lead to legal repercussions. Consulting with colleagues might provide useful insights, but it does not fulfill the requirement to comply with both legal obligations and professional standards. Conducting a secondary review, while potentially beneficial in some contexts, does not directly address the obligation to comply with USPAP in the face of statutory requirements. Thus, the necessity to comply with USPAP in all situations, including when bound by