According to USPAP, what must an appraiser disclose if they have appraised a property multiple times in the past three years?

The requirement under USPAP for an appraiser to disclose the number of times they have appraised a property in the past three years serves a critical function of transparency and integrity in the appraisal process. By disclosing how many times a property has been appraised, the appraiser provides relevant context that can influence the credibility of the current appraisal value. This disclosure informs clients and stakeholders about the frequency of appraisals, which could indicate market volatility or specific interest in that property.

While the appraised values, client names, or reasons for prior appraisals may offer insights, USPAP specifically emphasizes the need for the number of appraisals as a key element of disclosure. This focus helps prevent potential conflicts of interest, bias, or undue influence from prior valuations that could affect the current assignment's outcome.