In an appraisal assignment, the party who engages the appraiser is the ______.

In an appraisal assignment, the party who engages the appraiser is the ______.

• A. Client
• B. Borrower
• C. Customer
• D. Principal

Answer: (A)

In an appraisal assignment, the person or entity that hires and pays the appraiser is the client. This designation matters because the appraiser’s duties under USPAP run to the client, meaning the engagement terms, scope of work, and reporting are all directed toward the client. A customer may rely on the appraisal, but they did not hire the appraiser, so they do not receive the same formal responsibilities from the appraiser. While a borrower or other party might be involved in the transaction, they are not, by default, the engager unless they are the one who retained the appraiser. The term principal isn’t the standard designation used to identify who engages the appraiser in USPAP. Therefore, the party who engages the appraiser is the client.

In an appraisal assignment, the person or entity that hires and pays the appraiser is the client. This designation matters because the appraiser’s duties under USPAP run to the client, meaning the engagement terms, scope of work, and reporting are all directed toward the client. A customer may rely on the appraisal, but they did not hire the appraiser, so they do not receive the same formal responsibilities from the appraiser. While a borrower or other party might be involved in the transaction, they are not, by default, the engager unless they are the one who retained the appraiser. The term principal isn’t the standard designation used to identify who engages the appraiser in USPAP. Therefore, the party who engages the appraiser is the client.