In reviewing an appraisal of a subdivision with unsold lots, which is likely NOT an error you would identify?

In the context of reviewing an appraisal for a subdivision with unsold lots, the omission of the legal description is likely not an error one would identify because it is standard practice for appraisals to include a legal description as part of the formal report. Legal descriptions provide clarity and define the exact boundaries of the properties being appraised. Though a missing legal description could be a significant oversight in some scenarios, it is not necessarily reflective of an analysis error related to the valuation process of unsold lots, such as misapplication of market data or incorrect financial assumptions.

In contrast, the other choices mentioned directly pertain to the valuation methodology and data analysis that are critical in appraising properties, especially for unsold lots. An inappropriate discount rate can significantly skew the valuation outcome, while the lack of bulk sale analysis may overlook potential market influences on pricing. Additionally, using aggregate pricing instead of discounted values can lead to incorrect estimations of individual lot values, impacting the overall appraisal accuracy. Thus, omitting the legal description is less likely to create an error in the appraisal assessment compared to the listed other options.