NATIONAL USPAP COURSE 2024-2025 EXAM |ACTUAL COMPLETE
QUESTIONS AND CORRECT ANSWERS (VERIFED ANSWERS )
ALREADY GRADED A+.
Which statement is TRUE regarding The Appraisal Foundation and
USPAP enforcement authority? - ANSWER -the appraisal foundation
does not have the authority to enforce the requirements of USPAP
USPAP establishes standards that are applicable to the appraisal of: -
ANSWER -intangible property, real property, and personal property
which entity is responsible for establishing education and experience
requirements for licensing and certification of appraisers? - ANSWER
-appraiser qualifications board (AQB) which entity appoints
members of the Foundation's independent boards? - ANSWER -
Board of Trustees (BOT)
USPAP is developed, interpreted, and amended by the: - ANSWER -
Appraisal Standards Board (ASB)
Advisory Opinions are best described as - ANSWER -not part of
USPAP, but included as reference material
The ASB is considering comment letters written by members of the
public regarding a proposed revision to USPAP. when reviewing
these comment letters, the ASB focuses on: - ANSWER -the
reasoning and insight presented in the letter
which entity maintains the official national registry of state-certified
and licensed appraisers? - ANSWER -appraisal subcommittee (ASC)
which is NOT a responsibility of the appraisal subcommittee (ASC)? -
, ANSWER -developing, amending, and interpreting USPAP Under
FIRREA,
USPAP is enforced by: - ANSWER -State appraiser licensing and
certification agencies
who is responsible for issuing credentials to individual appraisers? -
ANSWER -state appraisal regulatory agencies
which step in the appraisal process involves communication of the
appraiser's opinions and conclusions? - ANSWER -reporting an
appraiser is not permitted to be
______ when performing an appraisal - ANSWER -an advocate if an
appraiser assumes a condition to be true that does not exist for the
purposes of analysis, this is an example of: - ANSWER -a hypothetical
condition if an appraiser assumes a condition to be true, and
evidence supports that belief, although that fact is not certain, this is
an example of: - ANSWER -an extraordinary assumption the monetary
relationship between properties and those who buy, sell or use those
properties - ANSWER -value which of these statements is true about
the USPAP definition of client? - ANSWER -the client may engage the
appraiser through an agent
Who makes the identification of the intended use in an assignment? -
ANSWER -the appraiser which statements about intended users is
true? - ANSWER -the client is always an intended user intended user
- ANSWER -a party who is identified by the appraiser based on
communication with the client at the time of the assignment a
workfile must be maintained for - ANSWER -All appraisal and
appraisal review assignments
QUESTIONS AND CORRECT ANSWERS (VERIFED ANSWERS )
ALREADY GRADED A+.
Which statement is TRUE regarding The Appraisal Foundation and
USPAP enforcement authority? - ANSWER -the appraisal foundation
does not have the authority to enforce the requirements of USPAP
USPAP establishes standards that are applicable to the appraisal of: -
ANSWER -intangible property, real property, and personal property
which entity is responsible for establishing education and experience
requirements for licensing and certification of appraisers? - ANSWER
-appraiser qualifications board (AQB) which entity appoints
members of the Foundation's independent boards? - ANSWER -
Board of Trustees (BOT)
USPAP is developed, interpreted, and amended by the: - ANSWER -
Appraisal Standards Board (ASB)
Advisory Opinions are best described as - ANSWER -not part of
USPAP, but included as reference material
The ASB is considering comment letters written by members of the
public regarding a proposed revision to USPAP. when reviewing
these comment letters, the ASB focuses on: - ANSWER -the
reasoning and insight presented in the letter
which entity maintains the official national registry of state-certified
and licensed appraisers? - ANSWER -appraisal subcommittee (ASC)
which is NOT a responsibility of the appraisal subcommittee (ASC)? -
, ANSWER -developing, amending, and interpreting USPAP Under
FIRREA,
USPAP is enforced by: - ANSWER -State appraiser licensing and
certification agencies
who is responsible for issuing credentials to individual appraisers? -
ANSWER -state appraisal regulatory agencies
which step in the appraisal process involves communication of the
appraiser's opinions and conclusions? - ANSWER -reporting an
appraiser is not permitted to be
______ when performing an appraisal - ANSWER -an advocate if an
appraiser assumes a condition to be true that does not exist for the
purposes of analysis, this is an example of: - ANSWER -a hypothetical
condition if an appraiser assumes a condition to be true, and
evidence supports that belief, although that fact is not certain, this is
an example of: - ANSWER -an extraordinary assumption the monetary
relationship between properties and those who buy, sell or use those
properties - ANSWER -value which of these statements is true about
the USPAP definition of client? - ANSWER -the client may engage the
appraiser through an agent
Who makes the identification of the intended use in an assignment? -
ANSWER -the appraiser which statements about intended users is
true? - ANSWER -the client is always an intended user intended user
- ANSWER -a party who is identified by the appraiser based on
communication with the client at the time of the assignment a
workfile must be maintained for - ANSWER -All appraisal and
appraisal review assignments
