Mckissock USPAP Chapter 3 Questions and Answers Verified by Experts

Mckissock USPAP Chapter 3 Questions and
Answers Verified by Experts

Acting as an appraiser means... -Representing oneself as an appraiser


- An expectation of appraisal competence in the service being provided

- An expectation that the service will be provided in a manner that is independent, impartial, and

objective


Purpose of USPAP To promote and maintain a high level of public trust in appraisal

practice by establishing requirements for appraisers.




USPAP is required by -Law


-Regulation

-Agreement (with the client or other intended users)




Property Types covered under USPAP -Tangible Property (both real and personal

property)

-Intangible Property (Business interests and others)