7-Hour National USPAP Practice Test 2025 - Free USPAP Practice Questions and Study Guide

Question: 1 / 410

Can an appraiser rely on a prior inspection when instructed not to inspect a property again?

Yes, if the prior condition is still valid

The most appropriate answer is that an appraiser can rely on a prior inspection when instructed not to inspect a property again, provided that the prior condition is still valid. When appraisers conduct a previous inspection, they gather relevant information and data about the property that contributes to their valuation. If the appraiser assesses that the conditions of the property have not changed significantly since the last inspection, it is permissible to rely on that prior information for the new appraisal.

It is important for the appraiser to ensure that the prior inspection's findings remain relevant and accurate. Situations where no significant modifications or deterioration has occurred justify this reliance. However, appraisers need to remain vigilant about any changes in property conditions that could affect the accuracy of the appraisal.

In scenarios where they cannot inspect again, appraisers should also consider any applicable local or jurisdictional requirements regarding re-inspections, as it might influence their ability to rely on prior inspections. This independence could be contradicted by updated data or other information that contradicts the prior findings, which is why appraisers must exercise caution in their judgment. Documenting this reliance, although mentioned in other options, is not the primary consideration here when it comes to confirming the validity of previous conditions.

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No, a new inspection is always required

Yes, but they must document the rationale

No, this violates USPAP standards

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