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An appraiser may not add limiting conditions to the URAR form, but is permitted to add additional certifications.

a. True
b. False

1 Answer

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Final answer:

The statement about limiting conditions and certifications on the URAR form is false; appraisers can add limiting conditions for clarification and to meet legal requirements but must avoid anything misleading, and they may also add additional certifications if relevant.

Step-by-step explanation:

The statement that an appraiser may not add limiting conditions to the URAR form, but is permitted to add additional certifications is false. In real estate appraisal, the Uniform Residential Appraisal Report (URAR) form is commonly used for mortgage lending purposes. Appraisers may, and sometimes must, add limiting conditions to clarify the scope and boundaries of the appraisal, as well as to meet specific legal or lender requirements. However, appraisers should not include conditions that would render the appraisal misleading. Additional certifications can be added to the appraisal report, provided they address specific aspects of the appraisal and are relevant to the assignment.

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