Under what condition can a review appraiser develop an opinion of their own value?

A review appraiser can develop an opinion of their own value under the requirements of STANDARD 1, which outlines the requirements for developing and reporting opinions of value within the Uniform Standards of Professional Appraisal Practice (USPAP). STANDARD 1 specifies that an appraiser must understand the intended use of the appraisal and adhere to appropriate methodologies for gathering, verifying, and analyzing information.

Additionally, it emphasizes the importance of not only developing an opinion based on the appraiser's own analysis but also allowing for a thorough understanding of the original appraisal's processes and assumptions. This ensures that the review appraiser's opinion is credible and consistent with professional standards, thereby maintaining the integrity of the appraisal process. Following STANDARD 1 is essential for delivering a well-supported and defensible value conclusion in the context of the review.