Property Valuation
A Wyoming property appraiser must disclose in their appraisal report all conditions that affect the value analysis. Failure to disclose a known condition that materially affects value is:
AAcceptable if the condition is minor
BA violation of USPAP ethics standards✓ Correct
COnly a concern if the appraisal is for a federally-related transaction
DAcceptable if the appraiser was not asked specifically about that condition
Explanation
USPAP requires appraisers to disclose any conditions that might reasonably affect their analysis or conclusions. Knowingly failing to disclose a material condition violates the USPAP Ethics Rule and may constitute fraud.
Related Wyoming Property Valuation Questions
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