When do minor errors in an appraisal potentially lead to a USPAP violation?

Minor errors in an appraisal can lead to a USPAP violation primarily when they affect the credibility of the results. According to USPAP standards, an appraiser must ensure that their work product is credible and reliable. If minor errors compromise the integrity of the data, analysis, or conclusions drawn in the appraisal, it can mislead the client or intended users.

For example, if a minor error in property description or comparable sales data results in a significant misrepresentation of property value, the overall credibility of the appraisal could be questioned. It's important for appraisers to maintain high standards of accuracy because their decisions and assessments can have legal and financial implications. Ensuring the credibility of appraisal results is a key obligation under USPAP, which aims to protect the interests of clients and the public.

While minor errors may seem insignificant on their own, when they accumulate or affect critical aspects of the appraisal process, they can undermine trust in the appraiser's work and violate ethical guidelines set forth by USPAP.