Property Valuation
A Texas appraisal 'scope of work' determination is made:
ABy TREC for each appraisal assignment
BBy the appraiser based on the intended use, intended users, and complexity of the assignment✓ Correct
CBy the lender's underwriting guidelines only
DBy the property owner
Explanation
Under USPAP, the appraiser determines the scope of work (research and analysis needed) for each assignment based on the intended use (lending, estate, sale), the intended users, the property type, and the complexity of the assignment.
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