Which of the following is NOT a responsibility of the review appraiser in the appraisal review process?

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The role of a review appraiser primarily focuses on evaluating the quality and accuracy of an existing appraisal rather than conducting a new appraisal or re-assessing the market value of the property. Their responsibilities include analyzing how well the original appraisal adheres to accepted standards and practices, as well as providing constructive feedback to the appraiser on what can be improved.

For instance, the review appraiser might look for inconsistencies, check for proper documentation, and ensure that the methodology used aligns with industry standards. They also aim to confirm that the original appraisal is free from bias and that it reflects an objective analysis of the property.

Reassessing the market value would imply that the review appraiser is essentially performing a new appraisal, which goes beyond the scope of their responsibilities. Instead, the focus is on reviewing the existing appraisal for completeness and compliance. Therefore, this distinction underscores why the option regarding reassessing the market value is not a responsibility of the review appraiser.

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