Property Valuation
A Massachusetts residential appraiser must disclose any 'extraordinary assumptions' in their report. An extraordinary assumption is:
AA typical assumption all appraisers make
BAn assumption that, if false, would alter the appraiser's opinion of value✓ Correct
CAn assumption about future market conditions
DAny assumption about the property's location
Explanation
USPAP defines an extraordinary assumption as an assumption, directly related to the assignment, which, if found to be false, could alter the appraiser's opinions or conclusions. Examples include assuming a contaminated property is clean.
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