Mckissock chapter 1 Study guides, Class notes & Summaries

McKissock USPAP Chapter 8 Question and answers 100% correct McKissock USPAP Chapter 8 Standard 2 States... - correct answer In reporting the results of a real property appraisal, an appraiser must communicate each analysis, opinion, and conclusion in a manner that is not misleading. Report - correct answer Any communication, written or oral, of an appraisal or appraisal review that is transmitted to the client upon completion of an assignment. What does standard 2 do? - correct answ...

What is USPAP? - ANSWER Uniform Standards of Professional Appraisal Practice Why was USPAP developed? - ANSWER To promote and maintain a high level of public trust as well as confidence in professional appraisal practice What are the benefits of USPAP? - ANSWER 1) Provides a common basis for comparison (eg are we doing the appropriate work for the type of assignment?) 2) Provides a reference source for all users of the document. 3) Provides a basis for uniform enforcement for state regu...