Uniform Standards of Professional Appraisal Practice (USPAP) Practice Exam

An appraiser is prohibited from readdressing a report to a new client because doing so could misrepresent the original intent and context of the valuation. When a report is created, it is tailored specifically for the client who commissioned the appraisal, based on the facts and requirements outlined at that time. Readdressing the report could lead to confusion or misuse of the analysis, as the new client may not be aware of the specific conditions or scope that the original appraiser considered.

Additionally, the original client is typically the one who has the rights to that report, and altering it in this way may breach client confidentiality and professional ethics. Maintaining the integrity and reliability of appraisal reports is fundamental to preserving trust and confidence in the appraisal profession.

Providing additional data to a new client, making modifications after submission, or sharing the report with public entities may have different professional and ethical implications, but they do not carry the same potential for misrepresentation as readdressing the report does.