Property Valuation
In Missouri, an appraiser's 'extraordinary assumption' is used when:
AThe property is extraordinarily valuable
BAn uncertain fact is assumed to be true for the purposes of the appraisal, which if false could affect the value opinion✓ Correct
CThe appraiser visits an extraordinary number of comparable sales
DThe assignment involves a very large property
Explanation
An extraordinary assumption (per USPAP) is an assumption about an uncertain fact that is accepted as fact for the appraisal. For example, assuming a contaminated property has been cleaned up. If the assumption is false, the value conclusion could change significantly.
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