Which of the following is not a characteristic of a well-conducted appraisal?

A well-conducted appraisal is characterized by objectivity and rigor, which are critical to producing reliable and valid results. Subjectivity, on the other hand, can lead to biases and inaccuracies, as it relies on personal opinions rather than factual data.

In contrast, other characteristics such as thorough research, clear methodology, and adherence to ethical standards are essential to a credible appraisal process. Thorough research ensures that the appraiser gathers comprehensive data relevant to the property being evaluated, while clear methodology provides a structured approach that guides the valuation process, making it transparent and repeatable. Ethical standards are foundational to the profession, ensuring that appraisers conduct their work with integrity, honesty, and fairness, which further reinforces the trustworthiness of the appraisal results.

Therefore, subjectivity does not align with the attributes of a well-conducted appraisal and is the correct choice here.