Property Valuation
The Uniform Standards of Professional Appraisal Practice (USPAP) requires Wyoming appraisers to:
AUse only the sales comparison approach for all property types
BDevelop and report appraisals competently, independently, and without bias✓ Correct
CObtain written consent from owners before appraising their property
DReport values that support the lender's loan amount
Explanation
USPAP requires appraisers to perform their work competently and without advocacy or bias. Appraisers must independently derive their value conclusions based on market data and not predetermine a value to satisfy a client's desired outcome.
Related Wyoming Property Valuation Questions
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