Property Valuation
A Montana property appraiser who is asked to appraise a property by an agent who will only refer future business if the appraiser 'hits the number' should:
AAdjust the value upward to maintain the business relationship
BDecline the appraisal or complete it independently based on market evidence without regard to the desired value✓ Correct
CDisclose the relationship and then comply with the request
DRequest the lender's desired value before starting the appraisal
Explanation
USPAP and Montana licensing law prohibit appraisers from allowing their compensation or future business opportunities to influence their value conclusions. Pressure to 'hit a number' is coercion that the appraiser must resist. Providing a predetermined or inflated value is a serious ethical and legal violation.
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