If you are reviewing an appraisal in another state without holding a credential there, what should you consider regarding licensing requirements?

In the context of appraising property in another state, the licensing requirements can vary significantly from one jurisdiction to another. Holding a credential in your own state does not automatically confer the right to practice in another, as each state has its own regulatory framework governing appraisal activities.

Therefore, saying that it "depends" is correct because it acknowledges that the necessity for a temporary practice permit is contingent on the specific laws and regulations of the state in question. Some states may allow appraisers from other states to conduct limited activities without additional permits, whereas others may require a temporary practice permit before any professional activities, including reviewing appraisals, can occur.

Understanding the context of licensing and potential legal implications is critical for maintaining compliance and avoiding any potential penalties, which is why it’s essential to consider the regulations of the state where the appraisal is being reviewed.