Property Valuation
A Kentucky commercial property appraiser must disclose in their report any:
AConversations with the client about the property
BExtraordinary assumptions or hypothetical conditions used in the appraisal✓ Correct
CPrior appraisals of the property by other appraisers
DAll potential buyers who have viewed the property
Explanation
USPAP requires appraisers to clearly disclose any extraordinary assumptions (facts assumed to be true without verification) or hypothetical conditions (conditions contrary to what exists) that affect the appraisal.
Related Kentucky Property Valuation Questions
- The income approach to value is most appropriate for which type of Kentucky property?
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