Extraordinary Assumptions and Hypothetical Conditions

USPAP requires a comment about the use of extraordinary assumptions and hypothetical conditions.  The following paraphrases the USPAP.  All appraisals have extraordinary assumptions.  Only a few have hypothetical conditions.

 

Mandatory Extraordinary Assumptions and Hypothetical Conditions

The use of extraordinary assumptions [and hypothetical conditions] might have affected the assignment results.  [USPAP 2016-17, SR 2-2(a)(xi)]

 

Modified:  1/15/2021