In what scenario is a review appraiser allowed to conduct an appraisal without being licensed in a given state?

The correct choice reflects a key aspect of appraisal practice concerning the scope of appraisal work and state licensing regulations. A review appraiser can conduct an appraisal without being licensed in a state when the assignment does not require a value conclusion.

This situation typically arises in cases where the reviewer is evaluating the quality, approach, or methodology of the appraisal report itself rather than determining an independent value for the property. In instances like this, the role of the reviewer shifts from conducting a full appraisal to assessing compliance, accuracy, and adherence to standards, which may not necessitate state licensure under certain regulations.

In various jurisdictions, requirements for licensure can vary significantly, but the general principle is that if a professional is not rendering an opinion of value, they may not be subject to the same licensing rules that apply to appraisers tasked with establishing property value.

The other options present scenarios that do not align with the regulations governing appraisal practices. For example, being a Certified General Appraiser does not grant unrestricted rights to perform appraisals in states where licensure is mandated. Similarly, the type of property being reviewed—residential or otherwise—does not affect the licensure requirement if a value conclusion is being provided. Lastly, the idea that a review app