Under what circumstance is a review appraiser required to obtain a temporary permit when reviewing an appraisal?

A review appraiser is required to obtain a temporary permit when the state where the property is located requires it, making this option correct. This situation arises because different states have varying laws and regulations governing appraisal practices. If a state mandates that any appraiser who conducts a review must have a temporary permit, the review appraiser must comply with that requirement to ensure that their work is legally recognized and valid within that jurisdiction.

While it is true that review appraisers do not always need a temporary permit, and not all states have this requirement, it's crucial for them to be aware of the regulations specific to the state in which the property is situated. This ensures compliance with local laws, which enhances the credibility of the appraisal process.

The other options do not accurately capture the circumstances under which a temporary permit is necessary. Some might suggest that a review appraiser is never required to obtain a temporary permit, which overlooks the role of state regulations. Additionally, stating that a permit is needed when a reviewer must provide a value conclusion misinterprets the fundamental requirements of review work and undervalues the importance of adhering to local requirements. Similarly, while USPAP provides overarching standards for appraisals, it does not dictate specific licensing requirements that vary by state.