Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

NACVA Exam CVA Topic 4 Question 81 Discussion

Actual exam question for NACVA's CVA exam
Question #: 81
Topic #: 4
[All CVA Questions]

When specifying, who is to provide the valuation services, the important distinction is whether the client is retaining the appraisal firm itself or the individual appraiser employed by the firm. The common practice is:

Show Suggested Answer Hide Answer
Suggested Answer: B

by Rikki at Mar 10, 2024, 08:29 AM

Limited Time Offer

25%

Off

Get Premium CVA Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Shizue
23 days ago
Haha, I bet the individual appraiser is like, 'Hey, don't forget about me! I'm the one doing all the work here.' But yeah, B seems like the right answer.
upvoted 0 times
...
Lorrie
25 days ago
I'm going with C. Retaining the individual appraiser is important, as the firm is responsible for the work regardless of the individual's capabilities.
upvoted 0 times
Rebbecca
1 days ago
A) To retain the individual appraiser rather than the firm
upvoted 0 times
...
...
Dominque
1 months ago
Option D makes the most sense to me. Retaining the firm helps ensure continuity in the records and documentation, which can be crucial if the case goes to court later on.
upvoted 0 times
Jerry
3 days ago
I think it's best to retain the firm to ensure accessibility to documentation, especially for legal purposes.
upvoted 0 times
...
Sage
13 days ago
Yes, it's crucial to have access to working papers and related records if needed in the future.
upvoted 0 times
...
Pamella
18 days ago
Retaining the firm can provide a level of consistency that may be lacking if only the individual appraiser is retained.
upvoted 0 times
...
Lisbeth
20 days ago
It's important to have easy access to working papers and related records, especially if they are needed later on.
upvoted 0 times
...
Pete
27 days ago
Yes, it definitely helps with continuity in records and documentation.
upvoted 0 times
...
Brunilda
27 days ago
I agree, retaining the firm for valuation services is important for continuity in records.
upvoted 0 times
...
Leontine
1 months ago
I agree, retaining the firm for valuation services seems like the best option.
upvoted 0 times
...
...
Johnna
2 months ago
But retaining the individual ensures continuity in retention of working papers and related records.
upvoted 0 times
...
Yolando
2 months ago
I think B is the correct answer, as it's common practice to retain the firm rather than the individual appraiser. The firm is responsible for the work, even though the experts testify based on their individual expertise.
upvoted 0 times
Raul
1 months ago
Yes, that makes sense. The firm being responsible for the work is crucial.
upvoted 0 times
...
Weldon
1 months ago
I agree, it's important to retain the firm for continuity in retention of records.
upvoted 0 times
...
...
Yolande
2 months ago
I disagree, I believe it's better to retain the firm rather than the individual appraiser.
upvoted 0 times
...
Johnna
2 months ago
I think the common practice is to retain the individual appraiser rather than the firm.
upvoted 0 times
...

Save Cancel