Agency
A Mississippi buyer's agent who is also a licensed real estate appraiser appraises the buyer's prospective purchase. This dual role creates:
ANo conflict since both services benefit the buyer
BA potential conflict of interest that must be disclosed; USPAP prohibits appraisals with advocacy bias✓ Correct
CA violation that results in automatic license revocation
DA dual agency situation requiring seller's consent
Explanation
USPAP requires appraisers to perform assignments with independence, impartiality, and objectivity — free from advocacy bias. Appraising a property for a client whose transaction the appraiser is facilitating as a buyer's agent creates a conflict of interest that must be disclosed, and may impair the appraiser's ability to act independently.
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