USPAP
Capella University
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USPAP 15-Hour Course| 171 QUESTIONS| WITH COMPLETE SOLUTIONS
- Exam (elaborations) • 12 pages • 2023
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The Preamble states that USPAP is CORRECT ANSWERS: for appraisers and users of appraisal services. 
 
The stated purpose of USPAP CORRECT ANSWERS: Promote and maintain a high level of public trust in appraisal practice. 
 
When obligated by law or regulation an appraiser must CORRECT ANSWERS: comply with USPAP. 
 
USPAP applies to which types of properties? CORRECT ANSWERS: Tangible and Intangible 
 
Valuation services CORRECT ANSWERS: is not a subset of appraisal practice. 
 
An appraiser ...
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Uspap quiz| 50 questions| with complete solutions
- Exam (elaborations) • 4 pages • 2023
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Available in package deal
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- $7.49
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1.) Which of the following establishes minimum criteria for real property appraiser certification and licensing? CORRECT ANSWERS: aqb 
 
2.) USPAP is enforced by: CORRECT ANSWERS: state regulatory agencies and professional appraisal organizations. 
 
3.) Why are Advisory Opinions issued? CORRECT ANSWERS: To illustrate the applicability of appraisal standards 
 
4.) Which of the following best describes a Comment to a Standards Rule? CORRECT ANSWERS: 
 
5.) Which one of the following is an a...
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