Which of the following is NOT a typical error made by review appraisers?

The correct answer is that failure to identify the typical buyer or tenant for the appraised property is typically not considered an error made by review appraisers. This indicates that reviewing appraisers generally understand the importance of market analysis and the characteristics of potential buyers or tenants in context to the property being evaluated. Accurately identifying the target market is crucial for both the original appraisal and the review process, as it provides insight into the value and usability of the property in question.

In contrast, the other options represent more common mistakes found in the review process. Understanding the distinction between "recertification" and "update" of an appraisal report is essential because these terms have specific implications regarding the validity and purpose of the appraisal findings. Similarly, if a review appraiser changes the value conclusion without adhering to the requirements set forth in STANDARD 3, it undermines the integrity of the review process and does not comply with professional standards. Omitting the statement of extraordinary assumptions can also lead to significant oversight, as it is vital for a reviewer to acknowledge any assumptions that may influence the appraisal outcome. Thus, recognizing the typical buyer or tenant is less likely to be overlooked by review appraisers, making it the correct response.