Property Valuation
In Wyoming, an appraiser's 'scope of work' decision requires balancing:
AThe client's desired value and the appraisal fee
BThe type and extent of research and analyses necessary to produce credible appraisal results✓ Correct
COnly USPAP requirements without client considerations
DThe appraiser's personal preferences about methodology
Explanation
USPAP requires appraisers to identify and perform the scope of work necessary to produce credible appraisal results. The scope of work must be sufficient to support the appraiser's opinions and conclusions. Scope of work decisions balance the complexity of the assignment with the resources available.
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