Property Valuation
Under USPAP, an Alaska appraiser who has a financial interest in a property they are appraising must:
ADisclose the interest and complete the appraisal with extra care
BDecline the appraisal assignment✓ Correct
CHave the appraisal reviewed by a second appraiser
DDisclose only if the interest exceeds 5% of the property value
Explanation
USPAP requires appraisers to be independent and impartial. An appraiser with a financial interest in the subject property has a conflict of interest that compromises their independence and must decline the assignment.
Related Alaska Property Valuation Questions
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