Property Valuation
Under USPAP, a Massachusetts appraiser who has a financial interest in the subject property must:
ADisclose the interest but may still complete the appraisal
BDecline the assignment due to conflict of interest✓ Correct
CComplete the appraisal using an extra review appraiser
DObtain written permission from the client to proceed
Explanation
USPAP Ethics Rule prohibits appraisers from having a personal interest in the outcome of an appraisal that would impair their objectivity. A financial interest in the subject property requires the appraiser to decline the assignment.
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