When can an appraiser limit the details of an oral report, according to USPAP?

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The correct answer is that limiting the details of an oral report is discouraged as it may be misleading. According to the Uniform Standards of Professional Appraisal Practice (USPAP), transparency and clarity are essential principles in appraisal reporting. When an appraiser provides an oral report, it is important that they convey sufficient details to ensure that the report is not only accurate but also understandable. Reducing the amount of information shared could lead to misinterpretations of the findings, which undermines the credibility of the valuation and the profession.

While a client may request that certain details be minimized, such requests do not exempt the appraiser from their ethical obligations to provide a full and complete presentation of their findings. The focus of USPAP is to maintain integrity in the appraisal process, ensuring that all relevant information is communicated effectively to those who may rely on the appraisal. This objective is key to maintaining trust and professionalism in the appraisal industry. Other choices imply unnecessary flexibility or lack of standards that are contrary to the goals of USPAP.

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