Certified Automotive Appraiser (CAA)

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According to professional standards such as USPAP, which of the following is a mandatory assertion an appraiser must include in the signed certification section of an appraisal report?

A statement that the appraiser has personally owned a similar vehicle. A guarantee that the final value will be accepted by all parties. An affirmation that the appraiser's fee is not contingent on the final value conclusion. A clause stating the report is valid for a period of one year.

Correct Answer:

An affirmation that the appraiser's fee is not contingent on the final value conclusion.

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