Property Valuation
In New Mexico, an appraiser's 'extraordinary assumption' is:
AA general assumption required by USPAP
BAn assumption that is contrary to known fact but is made for the purposes of the appraisal and must be clearly stated✓ Correct
CAn assumption about the future performance of the market
DAn assumption that the property meets all codes
Explanation
An extraordinary assumption is one that if found to be false could alter the appraiser's opinions and conclusions. USPAP requires extraordinary assumptions to be clearly stated and their use to be justified.
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