What must a reviewer do if they have significant concerns about the feasibility conclusions?

When a reviewer has significant concerns about the feasibility conclusions of an appraisal, addressing these concerns in the appraisal review report is crucial for several reasons.

First, doing so ensures that all findings and issues are documented formally, providing a clear record of the review process. This is important not only for transparency but also for accountability, as it allows stakeholders to understand the reasons behind any challenges to the original appraisal conclusions. By including concerns directly in the appraisal review report, the reviewer engages in a professional evaluation that contributes to the overall quality and reliability of the appraisal.

Additionally, documenting the concerns in the review report allows for constructive dialogue between the reviewer and the appraiser. This communication can be beneficial for both parties, as it opens a channel for addressing potential discrepancies or misunderstandings regarding the feasibility analysis.

In contrast, discussing concerns in a separate report could lead to confusion and a lack of cohesion in the review process, as stakeholders may not reference this alternate document. Informing the appraiser directly without documentation neglects the need for formal accountability and could lead to miscommunication or unresolved issues. Lastly, leaving the appraisal as is without comments fails to uphold the standards of the review process, as it does not address significant concerns that may affect valuation or decision-making.

In summary