USPAP Practice Exam 2025 – Complete All-in-One Guide to Mastering Professional Appraisal Standards

The correct answer is that two certifications of value opinion are not a requirement for completing an Appraisal Review Report. In the context of appraisal reviews, the primary focus is on evaluating the quality and credibility of the original appraisal rather than providing a second opinion on the value conclusion.

Appropriate appraisal review reports must include elements that are essential for ensuring the reviewer has thoroughly assessed the original appraisal's adherence to USPAP standards. This includes the inclusion of any prior appraisals to understand the context and history of the property's value, and a clear assessment of the reviewer’s competency which establishes their qualifications to conduct the review. Moreover, having an understanding of the review process itself is crucial as it guides the reviewer in following the necessary steps to conduct a thorough and insightful evaluation.

By ensuring that reviews focus on clarity, accuracy, and compliance with standards without requiring duplicate certifications of value, reviewers can provide a more objective and informed analysis that benefits the profession and the parties involved.