Which segment of the appraisal is least likely to require correction after discovering new information?

The Scope of Work description is least likely to require correction after discovering new information because it outlines the specific tasks the appraiser intends to undertake for the assignment, based on the initial objectives, requirements, and the parameters established during the engagement process. Once the Scope of Work is defined and agreed upon, it generally remains stable unless there are significant changes in the appraisal purpose or unique new conditions in the property that necessitate a reevaluation of the approach to the assignment.

In contrast, the Market Analysis segment can be heavily influenced by updated market data and trends, making it more susceptible to corrections. Similarly, the Sales Comparison Approach relies on recent sales data that can change frequently, necessitating adjustments based on new information regarding comparable sales or market conditions. The Property description segment, which includes details about the physical characteristics of the property, may also require adjustments if new or corrected information comes to light about the property itself. Therefore, the Scope of Work is foundational and typically set at the start, making it the segment least likely to change despite new information.