USPAP Revision Questions and Answers

Appraisers have broad _________ and significant _________ in determining the appropriate scope of work in an assignment. Flexibility, responsibility In order to determine the appropriate scope of work, the appraiser must ________ the problem to be solved. identify Identified by the appraiser on the basis of communication with the client Intended use Examples of assignment conditions could include: (select the most complete answer) Laws and regulations Extraordinary assumptions/ assumptions Hypothetical conditions jurisdictional assumptions Identification of the intended use of an appraiser's opinions and conclusions is: Necessary for determining the appropriate scope of work Determining the scope of work requires: Information obtained through communication with the client Exclusion of a valuation approach that is not applicable in a given assignment is an example of: A scope of work decision The responsibility for the scope of work decision rests with the: appraiser In an assignment, the scope of work is an ___________ process. ongoing An appraiser must not allow client objectives to cause the assignment results to be: biased An appraiser's report must contain ____________ to allow intended users to understand the scope of work performed. sufficient information If a client's objectives result in an appraiser developing biased assignment results: The appraiser is solely responsible true or false: Scope of work has no disclosure requirements. false