USPAP PACKAGE DEAL

The concept of public trust means that an appraiser must act: - ️️in the public's interest USPAP establishes standards that are applicable in the appraisal of: - ️️real property, intangible property, and personal property Which statement is TRUE regarding The Appraisal Foundation and ...

value - ️️The monetary relationship between properties and those who buy, sell, or use those properties. TAF - ️️The Appraisal foundation AQB - ️️appraisal qualifications board APB - ️️Appraisal practice board Price - ️️The amount asked, offered, or paid for a propert...

The PREAMBLE states the purpose of USPAP is to maintain public ___ in the appraisal practice by establishing requirements for appraisers. - ️️trust USPAP benefits providers of appraisal services and - ️️users of appraisal services. Which is NOT considered significant real property appr...

Which board within The Appraisal Foundation has the authority to make revisions to USPAP? Board of Trustees (BOT) Appraisal Standards Board (ASB) Appraiser Qualifications Board (AQB) All boards within the Foundation have the authority to revise USPAP - ️️Appraisal Standards Board (ASB) Th...

Who is responsible for issuing credentials to individual appraisers? - ️️State appraiser regulatory agencies are responsible for receiving and processing applications for licensure and certification, and for issuing credentials to qualified individuals. Which is NOT a responsibility of the A...

The type and extent of research and analysis in an appraisal or appraisal review assignment defines the: - ️️Scope of work The purpose of the JURISDICTIONAL EXCEPTION RULE is to: - ️️Preserve the balance of USPAP when compliance with one or more of its parts is precluded by law or regulat...

The Appraisal Foundation has the authority to enforce the requirements of USPAP. - ️️False Currently, the boards within the Appraisal Foundation include: - ️️Appraisal Standards Board, Appraisal Qualifications Board, Board of Trustees Which Foundation board is responsible for USPAP? - ...

What is USPAP? - ️️Uniform Standards of Professional Appraisal Practice Why was USPAP developed? - ️️To promote and maintain a high level of public trust as well as confidence in professional appraisal practice What are the benefits of USPAP? - ️️1) Provides a common basis for comp...