Question

"Under the SCOPE OF WORK RULE, an appraiser must identify the problem to be solved, determine and perform the scope of work necessary to develop credible assignment results, and:

A. Obtain the client's concurrence on the scope of work
B. Use an extraordinary assumption to assume that the scope of work is credible
C. Meet the minimum scope of work requirements of Fannie Mae and Freddie Mac in the
D. Disclose the scope of work in the report"

Answer 1

The appraiser must obtain the client's agreement on the scope of work.

Step-by-step explanation:

Under the SCOPE OF WORK RULE, an appraiser must identify the problem to be solved, determine and perform the scope of work necessary to develop credible assignment results, and:

1. Obtain the client's concurrence on the scope of work
2. Use an extraordinary assumption to assume that the scope of work is credible
3. Meet the minimum scope of work requirements of Fannie Mae and Freddie Mac in the
4. Disclose the scope of work in the report

The correct answer is A. Obtain the client's concurrence on the scope of work. This means that the appraiser must obtain the agreement and approval of the client regarding the planned scope of work before proceeding with the appraisal process.