An appraiser in Colorado must maintain 'confidentiality' per USPAP by:
Why B. Not disclosing confidential client information or assignment results to anyone other than the client and persons the client authorizes, except as required by law or ethics Is Correct
Answer B: B. Not disclosing confidential client information or assignment results to anyone other than the client and persons the client authorizes, except as required by law or ethics
Exam Tip: Property Valuation
Valuation questions focus on the three approaches to value: sales comparison, cost, and income. Know which approach is best for which property type. The income approach uses cap rate and NOI — memorize these formulas.
Key Property Valuation Terms in This Question
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Key Terms to Know
A professional estimate of a property's market value prepared by a licensed or certified appraiser.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Capitalization Rate (Cap Rate)A rate used to estimate the value of income-producing property, calculated as Net Operating Income divided by property value.
Gross Rent Multiplier (GRM)A quick valuation metric for income properties calculated by dividing the property price by gross annual rental income.
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