Ch. 5 - Elements of the Assignment

______ is the person who the appraiser intends will use the results of the appraisal for some purpose.

intended user

The type of value appropriate for a specific assignment depends on the nature of the appraisal problem.

True

Which of the following can be an assignment condition?

All of the above

A(n) _____ is something that is believed to be true for the sale of the appraisal but that may or may not in fact be true as of the effective date of the appraisal.

extraordinary assumption

Because of their complexity and potential for affecting the development and results of an appraisal, jurisdiction exceptions need to be identified at the begining of an assignment rather than after the fact.

True

A _______ is something that is known to be contrary to fact as of the effective date of the appraisal but that is taken to be true for the purpose of the appraisal.

hypothetical condition

__________ and hypothetical condition are terms that appear in USPAR but the standards do not require these labels.

extraordinary assumption

Given the client's needs and the nature of the assignment, the appraiser must identify the exact date the value opinion would be valid.

True

The _____ is the person who engages the appraiser.

Client

The intended use might be related to:

All of the following