What must be disclosed regarding significant appraisal assistance in the report?

The correct answer emphasizes the essential requirement of an appraisal report to include both the name of the individual providing significant assistance and the extent of their contribution. This disclosure is important because it promotes transparency and accountability within the appraisal process. By acknowledging who assisted and in what capacity, the appraiser ensures that users of the report can understand the contributions made by others, which may affect the credibility and reliability of the appraisal itself.

Clients and stakeholders must know not only who was involved in the process but also how their involvement influenced the final outcome. This is particularly crucial in maintaining trust in the appraisal profession and complying with industry standards.

The focus on naming the individual and detailing their extent of assistance helps safeguard against misrepresentation, as it allows for a clearer picture of how the appraisal was developed and who contributed to it. Further, such disclosures will align with regulatory requirements as outlined in the Uniform Standards of Professional Appraisal Practice (USPAP), which seeks to uphold professionalism and ethical standards in the appraisal field.