In the dynamic landscape of asset valuation, the reliability and authenticity of appraisal reports are paramount. Investors, financial institutions, and stakeholders depend on these reports to make informed decisions. However, with the rise of advanced technologies, including Artificial Intelligence-driven models like ChatGPT, questions about authorship and reliance on automated systems have become increasingly pertinent. This article delves into the critical importance of verifying whether an appraiser authored a report or relied on ChatGPT, emphasizing why claiming authorship is an essential aspect of maintaining trust and accuracy in the valuation process.
Learn more about this topic by Melanie Modica, ASA, ARM, as seen in the ARM E-Journal, 2004, Volume 8, Issue 1, Page 40.
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Bonus: Wondering how AI might affect your professional life? Join ASA for the 2024 ASAI Symposium, a half-day event for the valuation professional held June 27 virtually. From high-level discussions on use cases and emerging tools, to a deep dive into how AI and USPAP interact, this event will provide a better understanding of AI’s implications in valuation.
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