What must the appraiser clarify to the lender about the report after completion?

The correct answer emphasizes the need for the appraiser to clarify the conditions under which the report can be shared. This is crucial because the appraisal report is a confidential document that typically includes sensitive information about the property and the appraisal process. The appraiser must inform the lender about any restrictions or permissions regarding who may receive or review the report.

This may include details such as whether the report can be shared with third parties or if prior consent from the appraiser is needed for dissemination. Ensuring that the lender understands these conditions helps protect the integrity of the report and the appraiser's professional liability. It also aligns with USPAP's requirements regarding confidentiality and the ethical responsibilities of appraisers.

In contrast, clarifying potential for readdressing, findings based on the appraiser's opinion, and necessary lender adjustments to valuation, while relevant in some contexts, do not specifically address the critical issue of report confidentiality and sharing conditions.