Property Valuation
In Massachusetts, a residential appraiser who lacks competency for a complex property assignment must:
AComplete the assignment and note the limitation in the report
BDecline the assignment or obtain competency through education, experience, or working with a competent appraiser✓ Correct
CUse only publicly available data to complete the report
DRefer the assignment to a commercial appraiser
Explanation
Under USPAP's Competency Rule, an appraiser who lacks the necessary knowledge and experience must either decline the assignment or take steps to acquire competency before completing it (through research, education, or involving a competent appraiser).
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