ASA USPAP Exam Questions And Answers Verified 100% Correct!!|
Update
1. USPAP was formed in 1986 after what crisis? S&L
2. Which foundation board establishes minimum
educa- tion and experience for certification and Appraisers Qualifications
recertification of real property appraisers and Board
supervi- sors.
3. Which board write, amends, and interprets USPAP? Appraisal Standards Board
4. What is the duty of The Appraisal Subcommittee? It has a duty to ensure that
the
government has suflcient
controls in place over all
real property appraisal ac-
tivity to
protect the federally
regu- lated financial
institutions from loss.
5. are an integral part of USPAP and have
Comments
the same weight as the
component they address.
6. and offer advice and guidance, but do
not establish new standards or AOs and FAQs
interpret existing standards.
7. is a valuation
service performed by an individual
appraisal practice
acting in the role of an appraiser.
8. When performing valuation services outside of
ap- praisal practice, appraisers must be
misrepresent
, ASA USPAP Exam Questions And Answers Verified 100% Correct!!|
Update
careful not to the client and
other intended users about their
role.
9. For assignments other than appraisal or appraisal recording keeping or
re- view, there are no workfile
or require-
ments in USPAP.
10. If an individual who is both a business broker and
an appraiser F
provides a value opinion for a specific property to
be used in an
offering document, the service is always outside
ap- praisal
practice. T or F?
11. An individual must comply with USPAP when
required by law,
regulation, or agreement (with the client or other
in- tended users). T or F T
12. Appraisal practice pertains only to appraisals. T or FF
13. The purpose of USPAP is to promote and maintain a T
high level of
public trust in professional appraisal practice.
14. Business brokerage, appraisal reviews, and business C
appraisals are all included within
A. appraisal practice.
B. consulting.
, ASA USPAP Exam Questions And Answers Verified 100% Correct!!|
Update
C. valuation services.
D. market analysis.
15. The PREAMBLE states that USPAP is: B
A. only for appraisers.
B. for appraisers and users of appraisal services.
C. limited to state certified or licensed appraisers.
D. only for users of appraisal services.
16. According to USPAP, the party or parties who engage A
an appraiser in a specific assignment
defines the
A. client.
B. party who pays the fee.
C. appraiser's peers.
D. other intended users.
17. For real property appraisers, USPAP is enforced by D
A. The Appraisal Foundation.
B. the Appraisal Standards Board.
C. the Appraisal Subcommittee, through Congress.
D. state regulatory agencies.
18. For business appraisers, USPAP is enforced by A
A. accrediting and certifying professional
membership organizations.
B. the Appraisal Standards Board.
C. the Appraisal Subcommittee, through Congress.
D. state regulatory agencies.
19. Appraisal practice includes only B
A. appraisal and appraisal review assignments.
B. valuation services performed by an individual acting
Update
1. USPAP was formed in 1986 after what crisis? S&L
2. Which foundation board establishes minimum
educa- tion and experience for certification and Appraisers Qualifications
recertification of real property appraisers and Board
supervi- sors.
3. Which board write, amends, and interprets USPAP? Appraisal Standards Board
4. What is the duty of The Appraisal Subcommittee? It has a duty to ensure that
the
government has suflcient
controls in place over all
real property appraisal ac-
tivity to
protect the federally
regu- lated financial
institutions from loss.
5. are an integral part of USPAP and have
Comments
the same weight as the
component they address.
6. and offer advice and guidance, but do
not establish new standards or AOs and FAQs
interpret existing standards.
7. is a valuation
service performed by an individual
appraisal practice
acting in the role of an appraiser.
8. When performing valuation services outside of
ap- praisal practice, appraisers must be
misrepresent
, ASA USPAP Exam Questions And Answers Verified 100% Correct!!|
Update
careful not to the client and
other intended users about their
role.
9. For assignments other than appraisal or appraisal recording keeping or
re- view, there are no workfile
or require-
ments in USPAP.
10. If an individual who is both a business broker and
an appraiser F
provides a value opinion for a specific property to
be used in an
offering document, the service is always outside
ap- praisal
practice. T or F?
11. An individual must comply with USPAP when
required by law,
regulation, or agreement (with the client or other
in- tended users). T or F T
12. Appraisal practice pertains only to appraisals. T or FF
13. The purpose of USPAP is to promote and maintain a T
high level of
public trust in professional appraisal practice.
14. Business brokerage, appraisal reviews, and business C
appraisals are all included within
A. appraisal practice.
B. consulting.
, ASA USPAP Exam Questions And Answers Verified 100% Correct!!|
Update
C. valuation services.
D. market analysis.
15. The PREAMBLE states that USPAP is: B
A. only for appraisers.
B. for appraisers and users of appraisal services.
C. limited to state certified or licensed appraisers.
D. only for users of appraisal services.
16. According to USPAP, the party or parties who engage A
an appraiser in a specific assignment
defines the
A. client.
B. party who pays the fee.
C. appraiser's peers.
D. other intended users.
17. For real property appraisers, USPAP is enforced by D
A. The Appraisal Foundation.
B. the Appraisal Standards Board.
C. the Appraisal Subcommittee, through Congress.
D. state regulatory agencies.
18. For business appraisers, USPAP is enforced by A
A. accrediting and certifying professional
membership organizations.
B. the Appraisal Standards Board.
C. the Appraisal Subcommittee, through Congress.
D. state regulatory agencies.
19. Appraisal practice includes only B
A. appraisal and appraisal review assignments.
B. valuation services performed by an individual acting
