What must an appraiser acting as a reviewer correctly complete to produce a credible appraisal review?

To produce a credible appraisal review, the appraiser must ensure that the review meets the necessary standards for credibility, which include accuracy, thoroughness, and objectivity. A credible appraisal review not only evaluates the original appraisal for its adherence to applicable guidelines and standards, but also assesses the quality and reliability of the data and methods used in the appraisal process.

The concept of credibility in appraisal reviews is essential; it refers to the trustworthiness and believability of the review's conclusions. An appraisal review that lacks these qualities can lead to significant implications for stakeholders relying on that information. This highlights the importance of conducting thorough and methodical evaluations while incorporating relevant market data and adhering to professional standards, such as Uniform Standards of Professional Appraisal Practice (USPAP).

In contrast, merely completing a final appraisal review or a USPAP compliant review may not encompass all the necessary elements to achieve credibility. Similarly, a thorough review does not automatically equate to credibility unless it meets specific standards and best practices. A credible appraisal review synthesizes and balances all these aspects, ensuring reliability in its conclusions.