Property Valuation
A Tennessee appraiser who accepts an appraisal assignment contingent on the result exceeding a certain value is:
AFollowing normal lender requirements
BViolating USPAP, which prohibits contingent fee appraisals based on the value conclusion✓ Correct
CComplying with the Tennessee Appraisal Board's fee guidelines
DPermitted only if both parties agree in writing
Explanation
USPAP prohibits appraisers from accepting assignments where their compensation is contingent on a predetermined value conclusion. Such arrangements compromise appraisal independence and objectivity.
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