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7-Hr National USPAP Course Exam Questions and Answers
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7-Hr National USPAP Course Exam Questions and Answers
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7-Hr National USPAP Course ExamQuestions and Answers
The iiASB iiconsiders iisuggestions iifor iichanges iito iiUSPAP iifrom: ii- iiAnswers ii-
Appraisers, iiusers iiof iiappraisal iiservices, iiregulators, iiand iiothers
You iihave iia iisuggestion iifor iia iichange iito iiUSPAP, iiand iiyou iiwant iito iitell iithe iiASB
iiabout iiit. iiWhen iimaking iiyour iisuggestion, iiit iiis iihelpful iito iithe iiASB iiif iiyou: ii- iiAnswers
ii-Explain iihow iithe iiproposed iichange iiwill iienhance iipublic iitrust iiin iiappraisal iipractice
The iiASB iihas iireceived iinumerous iipublic iicomment iiletters iiin iiresponse iito iian
iiexposure iidraft. iiWhen iiconsidering iithese iicomments, iithe iiASB's iiprimary iifocus iiis: ii-
iiAnswers ii-The iireasoning iiand iiinsight iipresented iiin iithe iiletter
The iiterm ii"credible," iias iiused iiin iiUSPAP, iirefers iito: ii- iiAnswers ii-Appraisal
iidevelopment
An iiappraisal iireviewer iiuses iithe iiword ii"misleading" iiin iirelation iito iithe iiwork iiunder
iireview. iiAssuming iithe iireviewer iihas iiused iithis iiterm iiproperly, iithe iireviewer iiis
iireferring iito: ii- iiAnswers ii-The iireport iiunder iireview
Assignment iiresults iiin iia iireal iiproperty iiappraisal iiassignment iiwould iiinclude: ii-
iiAnswers ii-The iihighest iiand iibest iiuse iiconclusion
In iia iireal iiproperty iiappraisal iiassignment, iiassignment iiconditions iiwould iiNOT iiinclude:
ii- iiAnswers ii-Assignment iidue iidate
The iirevision iito iithe iidefinition iiof iiPersonal iiProperty iifor ii2020-21 iiwas iimade iifor iithe
iipurpose iiof: ii- iiAnswers ii-Including iiitems iithat iiare iideveloped iiand iistored
iielectronically
According iito iithe iidefinition iiof iipersonal iiinspection iiin iiUSPAP: ii- iiAnswers ii-An
iiappraiser iiis iinot iiexpected iito iiperform iispecialized iitesting iior iiuse iispecial iiequipment
An iiappraiser iivalues iia iiproperty iibased iion iiviewing iihigh-definition iivideo iifootage iishot
iifrom iia iidrone iipiloted iiby iithe iiappraiser's iiassistant. iiThe iiappraiser iidid iinot iivisit iithe
iiproperty. iiThe iiappraiser iiviews iiand iireviews iithe iivideo iifootage iiso iimany iitimes iithat
, iishe iitruly iifeels iilike iishe iihas iibeen iiat iithe iiproperty. iiMay iithe iiappraiser iisign iia
iicertification iiindicating iithat iishe iimade iia iipersonal iiinspection iiof iithe iisubject
iiproperty? ii- iiAnswers ii-No, iibecause iithe iiappraiser iiwas iinever iiphysically iipresent iiat
iithe iiproperty
The iidefinition iiof iimisleading iiin iithe ii2020-21 iiUSPAP iispecifies iithat iia
iimisrepresentation, iimisstatement, iior iiconcealment iiof iirelevant iifacts iior iiconclusions: ii-
iiAnswers ii-May iibe iiintentional iior iiunintentional
Features iithat iiaffect iia iiproperty's iivalue iior iimarketability iiare: ii- iiAnswers ii-Relevant
iicharacteristics
An iiappraiser iiinserts iithis iistatement iiin iian iiappraisal iireport. ii"The iidwelling iihas iione
iibedroom iiand iitherefore iidoes iinot iimeet iithe iidemands iiof iitypical iibuyers iiin iiits
iimarket." iiWhat iiis iithis iistatement? ii- iiAnswers ii-Both iia iiphysical iicharacteristic iiand iian
iiassignment iiresult
Physical iicharacteristics iiare iibest iidescribed iias: ii- iiAnswers ii-Facts
An iiappraiser iiis iideveloping iia iimarket iivalue iiappraisal. iiWhat iishould iihe iior iishe iido
iiwith iiregard iito iithe iidefinition iiof iivalue? ii- iiAnswers ii-Identify iithe iidefinition iiof iimarket
iivalue iithat iiis iiappropriate iifor iithe iiassignment
In iia iireal iiproperty iiappraisal iiassignment, iiassignment iiconditions iiwould iiNOT iiinclude:
ii- iiAnswers ii-Assignment iidue iidate
One iiwho iiis iiexpected iito iirender iivaluation iiservices iicompetently iiand iiin iia iimanner
iithat iiis iiindependent, iiimpartial, iiand iiobjective, iiis iithe iidefinition iiof: ii- iiAnswers ii-
Appraiser
Assignment iielements iiinclude iiall iiof iithe iifollowing iiexcept: ii- iiAnswers ii-Due iidate iifor
iireport iisubmission
An iiappraiser iicompletes iian iiappraisal iion iia iiproperty, iiusing iia iicurrent iieffective iidate,
iiand iitransmits iithe iireport iito iithe iiclient. iiThe iiclient iisubsequently iirequests iithe
iiappraiser iito iirevise iithe iiappraisal iito iichange iithe iieffective iidate iito iia iiretrospective
iidate. iiMay iithe iiappraiser iicomply iiwith iithis iirequest iias iipart iiof iithe iioriginal
iiassignment? ii- iiAnswers ii-No, iichanging iithe iieffective iidate iiresults iiin iia iinew
iiassignment
An iiappraiser iiis iioffered iian iiappraisal iireview iiassignment iiby iia iipotential iinew iiclient.
iiWhat iimust iithe iiappraiser iido iibefore iidetermining iithe iiscope iiof iiwork iifor iithis
iiassignment? ii- iiAnswers ii-Identify iithe iiassignment iielements
An iiappraiser iiis iiasked iiby iia iiclient, iia iiresidential iimortgage iilender, iito iivalue iia iimixed-
use iiproperty iisolely iias iia iiresidence iiand iiomit iiany iiinformation iiabout iithe iiproperty's
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