If an appraiser lacks experience but informs the client and takes steps to gain competency, what else must they do according to USPAP?

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The correct approach is to document progress in the workfile, which is critical for transparency and accountability in appraisal practices according to the Uniform Standards of Professional Appraisal Practice (USPAP). When an appraiser recognizes their lack of experience in a certain area but is proactive in communicating this to the client and taking necessary steps to enhance their competency, it is essential for them to maintain detailed records of how they are addressing this competency gap.

Documenting progress in the workfile allows the appraiser to provide a clear trail of their efforts to gain the required knowledge and skills, which can be beneficial in case of any future review or inquiry related to the appraisal. This practice also demonstrates professionalism and a commitment to upholding the standards mandated by USPAP, as the appraiser can show they are actively engaging in professional development. By maintaining this documentation, they protect themselves and support the integrity of their appraisal work.

While including an initial lack of competency in the report might seem beneficial for transparency, it does not fulfill the requirement of focusing on how competency is being achieved, which is fundamental for both compliance with USPAP and maintaining client trust.

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