If an assignment involves a jurisdictional exception, what must the appraiser do?

In situations involving a jurisdictional exception, the appraiser is required to identify and disclose the relevant laws that affect the assignment. A jurisdictional exception occurs when certain laws or regulations dictate that a specific methodology or approach be utilized, potentially overriding standard appraisal practices.

By identifying and disclosing the relevant laws, the appraiser ensures that their assessment remains compliant with legal requirements. This is crucial because it not only protects the appraiser from potential liability but also provides transparency to stakeholders involved in the appraisal process. Keeping all parties informed about how jurisdictional constraints influence the appraisal reduces misunderstandings and enhances the credibility of the appraisal report.

Understanding the legal framework is vital, as it may require the appraiser to adjust their procedures or methods accordingly but does not mean they can simply ignore the law or rely solely on legal counsel for clarity. Modifying the appraisal process without proper disclosure could compromise the integrity of the appraisal and mislead clients about the applicability of the standard practices.