What type of valuation service is premised upon advocacy?

Study for the IAAO Assessment Administration Specialist (AAS) exam. Engage with flashcards and multiple choice questions, each offering hints and detailed explanations. Prepare thoroughly for your certification!

The concept of valuation services that are premised upon advocacy centers around representing a specific position or interest rather than providing an impartial opinion of value. In this context, advisory services, consultations, and traditional appraisals primarily focus on objective value assessments based on market data and reporting, making any form of unbiased conclusion.

When a service is characterized by advocacy, it reflects a dedication to supporting a particular outcome or perspective, often leading to a skewed or biased valuation that aligns with the client's objectives. Therefore, this role is typically not aligned with that of an appraiser, who is expected to present an independent and fair assessment of value without favoritism or subjective influence.

In this framework, it stands to reason that a service rooted in advocacy cannot be performed by an individual acting as an appraiser. This is due to the fundamental ethical requirements and standards in appraisal practice that call for objectivity and neutrality, separating the roles of appraisers from those providing advocacy services.

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