The RECORD KEEPING RULE states: 'A true copy is a replica of the report transmitted to the ____________.'

The RECORD KEEPING RULE states: 'A true copy is a replica of the report transmitted to the ____________.'

• A. Client
• B. Lender
• C. Reviewer
• D. Appraiser

Answer: (A)

The main idea is USPAP’s Record Keeping Rule, which requires a true copy to be kept that mirrors exactly what was sent to the client. The client is the party who hires the appraiser and to whom the report is transmitted. Keeping a replica of that transmitted report ensures an accurate audit trail, transparency, and accountability—so the client’s copy matches what the appraiser produced and sent. While in mortgage deals the lender is usually the client, the requirement refers to the recipient of the report—the client—not the lender, reviewer, or appraiser themselves.

The main idea is USPAP’s Record Keeping Rule, which requires a true copy to be kept that mirrors exactly what was sent to the client. The client is the party who hires the appraiser and to whom the report is transmitted. Keeping a replica of that transmitted report ensures an accurate audit trail, transparency, and accountability—so the client’s copy matches what the appraiser produced and sent. While in mortgage deals the lender is usually the client, the requirement refers to the recipient of the report—the client—not the lender, reviewer, or appraiser themselves.