Mckissock USPAP Chapter 3 Exam Questions With Certified Answers
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Mckissock USPAP Chapter 3
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Mckissock USPAP Chapter 3
Mckissock USPAP Chapter 3 Exam Questions With Certified Answers
Purpose of USPAP - Answer-To promote and maintain a high level of public trust in appraisal practice by establishing requirements for appraisers.
/.USPAP is required by - Answer--Law
-Regulation
-Agreement (with the client or o...
Mckissock USPAP Chapter 3 Exam
Questions With Certified Answers
Purpose of USPAP - Answer-To promote and maintain a high level of public trust in
appraisal practice by establishing requirements for appraisers.
/.USPAP is required by - Answer--Law
-Regulation
-Agreement (with the client or other intended users)
/.Property Types covered under USPAP - Answer--Tangible Property (both real and
personal property)
-Intangible Property (Business interests and others)
/.When MUST an appraiser comply with USPAP? - Answer-An individual must comply
with USPAP when required by law, regulation, or agreement with the client or other
intended users
/.When SHOULD an appraiser comply with USPAP? - Answer-An individual should
comply with USPAP when choosing to represent oneself as an appraiser
/.Acting as an appraiser means... - Answer--Representing oneself as an appraiser
- An expectation of appraisal competence in the service being provided
- An expectation that the service will be provided in a manner that is independent,
impartial, and objective
/.
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