If you find problems in an appraisal report's comparables, what action have you taken?

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The correct answer in this context reflects comprehensive actions taken upon discovering issues with comparables in an appraisal report. Identifying problems in comparables can necessitate a thorough appraisal review, which involves evaluating the report's data for accuracy and reliability. This review process is crucial for ensuring that the appraisal adheres to professional standards and provides a valid estimate of value.

In addition, presenting an "oral appraisal review report" typically relates to discussing findings and addressing any discrepancies or issues with stakeholders involved. This approach helps in communicating the appraisal's quality and verifying the correctness of the comparable data.

Furthermore, if significant problems are identified and not appropriately addressed, it could potentially lead to a violation of the Uniform Standards of Professional Appraisal Practice (USPAP). USPAP sets forth the ethical and performance standards within which appraisers must operate, highlighting the importance of maintaining integrity and transparency in appraisal practices.

Thus, acknowledging that problems exist in comparables leads to taking multiple actions, including performing a review, possibly presenting findings, and ensuring compliance with USPAP. Each of these aspects is interconnected when dealing with appraisal integrity and quality assurance.

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