Which components of an appraisal can be evaluated in an appraisal review?

The correct choice encompasses all aspects of a commercial appraisal that can be evaluated during an appraisal review.

In an appraisal review, it is essential to assess the sale comparables used. This involves verifying that the comparables are accurate, appropriate, and reflective of the market conditions. The choice of comparables directly affects the value conclusion, making this component critical to understanding the appraisal’s reliability.

Additionally, the value conclusions presented in the written appraisal report must be evaluated to ascertain their reasonableness based on the analysis conducted. This includes examining the methodologies applied and whether they correspond to accepted appraisal standards.

Lastly, the appraiser's workfile, which contains the supporting documentation and calculations, can be scrutinized to ensure that there are adequate justifications for the conclusions drawn. This transparency helps reviewers verify the integrity of the appraisal process.

By including all of these elements, the reviewer can form a comprehensive assessment of the appraisal's accuracy and adherence to professional standards, ensuring that all bases are covered in the evaluation.