USPAP Mckissock Exam
Questions & Correct Answers
Currently, the boards within The Appraisal Foundation include:
Appraisal Standards Board, Appraiser Qualifications Board, Board of Trustees
Which Foundation board is responsible for USPAP?
Appraisal Standards Board (ASB)
Which entity appoints members of the AQB and ASB?
Board of Trustees (BOT)
Qualification criteria for appraiser certification and recertification are
disseminated to state appraisal board by the?
Appraiser Qualifications Board
Which entity is responsible for establishing education and experience
requirements for licensing and certification of appraisers?
,Appraiser Qualifications Board (AQB)
USPAP is written, amended, and interpreted by the:
Appraisal Standards Board (ASB)
Advisory Opinions are best described as
not part of USPAP, but included as reference material
Which entity maintains the official National Registry of state-certified and
licensed appraisers?
Appraisal Subcommittee (ASC)
USPAP is enforced by:
State appraiser licensing/certification agencies
Who is responsible for issuing credentials to individual appraisers
State appraisal regulatory agencies
, Which is not a responsibility of the Appraisal Subcommittee
Writing, interpreting, and amending USPAP
Which part of USPAP establishes the requirements for workfile content for an
appraisal or appraisal review assignment?
RECORD KEEPING RULE
Why are USPAP Advisory Opinions issued?
offer advice
Which of these is considered an integral part of USPAP and has the same weight
as the components they address?
comments
In USPAP the appraisal process is divided into two distinct types of activity______
and ______?
Development and Reporting
Questions & Correct Answers
Currently, the boards within The Appraisal Foundation include:
Appraisal Standards Board, Appraiser Qualifications Board, Board of Trustees
Which Foundation board is responsible for USPAP?
Appraisal Standards Board (ASB)
Which entity appoints members of the AQB and ASB?
Board of Trustees (BOT)
Qualification criteria for appraiser certification and recertification are
disseminated to state appraisal board by the?
Appraiser Qualifications Board
Which entity is responsible for establishing education and experience
requirements for licensing and certification of appraisers?
,Appraiser Qualifications Board (AQB)
USPAP is written, amended, and interpreted by the:
Appraisal Standards Board (ASB)
Advisory Opinions are best described as
not part of USPAP, but included as reference material
Which entity maintains the official National Registry of state-certified and
licensed appraisers?
Appraisal Subcommittee (ASC)
USPAP is enforced by:
State appraiser licensing/certification agencies
Who is responsible for issuing credentials to individual appraisers
State appraisal regulatory agencies
, Which is not a responsibility of the Appraisal Subcommittee
Writing, interpreting, and amending USPAP
Which part of USPAP establishes the requirements for workfile content for an
appraisal or appraisal review assignment?
RECORD KEEPING RULE
Why are USPAP Advisory Opinions issued?
offer advice
Which of these is considered an integral part of USPAP and has the same weight
as the components they address?
comments
In USPAP the appraisal process is divided into two distinct types of activity______
and ______?
Development and Reporting
