What could be the consequence of a lack of documentation regarding a client's identity?

A lack of documentation regarding a client's identity can lead to possible compliance issues with the Uniform Standards of Professional Appraisal Practice (USPAP). USPAP requires appraisers to have a clear understanding of who their clients are to ensure transparency and accountability throughout the appraisal process. This documentation helps establish the appraiser's credibility and the integrity of the appraisal. Failure to document a client's identity can raise concerns about the legality and ethics of the appraisal, potentially jeopardizing its acceptance in legal or financial situations.

While it is true that an appraisal might still be accurate without proper client documentation, the absence of this documentation does not negate the need to comply with professional standards. This highlights the importance of adhering to USPAP guidelines, as non-compliance can lead to a range of issues, including undermining the validity of the appraisal itself in situations where verification is necessary.