If an appraiser departs from the general guidelines in an ERC appraisal report, what is required in terms of client approval?

In the context of an ERC appraisal report, if an appraiser deviates from the established general guidelines, it is crucial that the departure is both noted and approved by the client. This requirement exists to ensure transparency and maintain trust in the appraisal process. Documentation of the departure helps to inform all parties involved about the specific adjustments made and the reasoning behind them.

This procedure protects both the appraiser and the client, as it leads to a clearer understanding of the factors influencing the appraisal results. Noting the departure serves as an acknowledgment that the appraisal may not align with standard practices, which can influence the client's decisions based on the report's findings. Additionally, having the client's approval safeguards that the client is aware of and agrees to the deviations, ensuring they are well-informed about any potential impact on value assessments.

The importance of client approval and noting the departure underscores the commitment to adhering to professional and ethical standards in the appraisal process.