What should you do if you find a major error in an appraisal that impacts the value significantly but are under time pressure?

When confronted with a major error in an appraisal that significantly impacts the value, the best course of action is to adopt acceptable portions of the report and discuss the error in the review. This approach maintains professionalism and integrity in the appraisal process, ensuring that any relevant and accurate information is utilized while transparently addressing the identified error.

By discussing the error, you provide crucial context for your conclusions, and it emphasizes the importance of accuracy in the appraisal process. This transparency not only aids in understanding the decision-making process but also allows stakeholders to consider the implications of the error in light of your value conclusion.

Using this method allows for effective communication with clients or other stakeholders, ensuring they are aware of both the strengths and weaknesses present in the appraisal. This is particularly important when time constraints are an issue, as it allows you to manage the situation without compromising the quality and reliability of the appraisal's findings.

Changing the value in the review report without addressing the error could mislead stakeholders and compromise the appraisal's credibility. Simply revising and resubmitting the appraisal may also be impractical under time pressure and could overlook the opportunity to clarify the issue promptly. Noting the error in the review report while providing a value conclusion lacks the deeper context needed for a full understanding of