Property Valuation
An appraiser preparing a URAR (Uniform Residential Appraisal Report) for a Concord, NH single-family home is required to certify that they:
AAre a licensed real estate broker
BHave no undisclosed interest in the property and the appraisal is objective✓ Correct
CHave previously sold comparable properties
DAre employed by the lending institution
Explanation
USPAP requires appraisers to certify their independence, objectivity, and impartiality. They must disclose any interest in the property and confirm that their compensation is not contingent on the value concluded.
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