In which circumstance is an appraiser not required to verify data?

An appraiser is not required to verify data when the property value is under a certain threshold, specifically in this case $250,000. This is significant because regulatory bodies often set thresholds below which certain verification processes can be relaxed for efficiency and practicality. For lower-value properties, extensive data verification may not be feasible or necessary, allowing appraisers to streamline their work while still providing a reasonable appraisal based on available data.

In the context of appraisals, the threshold helps to balance the need for accuracy with the economic realities of lower-value properties. If properties are valued less than this amount, the expectation may be that the market data is readily available and does not demand the same level of scrutiny as higher-stakes valuations.

The other options refer to specific criteria or scenarios where verification may still be required or not applicable. For example, exceeding a value of $100,000 or using automated valuation models could still necessitate verification, as they involve significant investments or rely on technology that may not capture the nuances of a property’s condition or market dynamics. Additionally, even if a client requests no verification, ethical standards typically guide appraisers to ensure the integrity of their work, making it crucial to adhere to verification protocols unless explicitly allowed otherwise.