Which statement is NOT a requirement under USPAP regarding prior sales and transfers?

The correct answer is that it is not a requirement under USPAP to disclose all sale prices in reports. While USPAP does require appraisers to consider prior sales and transfers, the specific mandate is to analyze the relevant transactions that impact the value of the property being appraised, rather than to disclose every sale price associated with the property.

The requirement to analyze prior sales allows appraisers to consider how these transactions might inform their opinions of value, especially in terms of market trends or value influences. Summarizing the findings from this analysis in the report is also essential, as it provides transparency in the appraisal process and underpins the credibility of the valuation.

Documenting prior transfers is equally important as it establishes a history that helps appraisers understand the context of the property's value changes over time. However, disclosing every sale price related to the property is not mandated, as appraisers are expected to focus on significant transactions that impact the subject property's market value rather than providing a repetitive listing of all past sale prices.

Thus, while analysis, summarization, and documentation are essential elements of the appraisal process, full disclosure of all prior sale prices does not fall under the explicit requirements of USPAP.