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MCKISSOCK USPAP CHAPTER 9 QUESTIONS AND ANSWERS 2025

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MCKISSOCK USPAP CHAPTER 9 QUESTIONS AND ANSWERS 2025

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Mckissock Uspap
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Mckissock uspap

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MCKISSOCK USPAP CHAPTER 9 QUESTIONS
AND ANSWERS 2025
Standard 3 States... - ANSWER -Develop a credible opinion as to the quality of another
appraiser's work performed as part of an appraisal or appraisal review assignment

-Report the results of an appraisal review assignment in a manner that is not misleading

Appraisal Review - ANSWER The act or process of developing and communicating an
opinion about the quality of another appraiser's work that was performed as part of an
appraisal or appraisal review assignment.

What does Standard 3 cover? - ANSWER STANDARD 3 contains both the minimum
development and reporting requirements for appraisal review assignments.

Does a reviewer always have to develop an opinion of value? - ANSWER USPAP does
not require a reviewer to develop an opinion of value in every appraisal review
assignment.

What is a reviewer required to do? - ANSWER Rather, a reviewer is required to identify
- for each assignment - whether it is necessary to develop this opinion in order to
produce credible assignment results for the intended use.
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