USPAP Questions and Answers|Latest
Update
SIGNATURE Personalized evidence indicating authentication of the world performed by
the appraiser and the acceptance of the responsabilidad for content, analyses, and the conclusions
in the report
ADVISORY OPINION This communication by the appraisal standards board (ASB) does
not establish new standards or interpretación existing standards. Advisory opinions are issued to
illustrate the applicability of appraisal standards in specific situations and ofeer advise from the
ASB for the resolution of appraisal issued and problems
BUSINESS ENTERPRISES An entity pursuing an economic activity
BUSINESS EQUITY The interest, benefits, and rights inherent in the ownership of a
business enterprise or a part thereof in any from (including, but not necessarily limited to, capital
stock, partnership interest, cooperatives, sole proprietorships, options, and warrants)
CREDIBLE Worthy of belief
, FEASIBILITY ANALYSIS A study of the cost-benefit relationship of an economic
endeavor
INTANGIBLE PROPERTY (INTANGIBLE ASSETS) Nonphysical assets, including but
not limited to franchises, trademarks, patents, copyrights, goodwill, equities, securities, and
contracts as distinguished from physical assets such as facilities and equipment
MARKET VALUE A type of value, stated as opinion, that persumes the transfer of
property (i.e., a right of ownership or bundle of such rights), as of a certain date, under specific
conditions set forth in the definition of the term identified by the appraiser as applicable in an
appraisal
MASS APPRAISAL The process of valuing a universe of properties as of a given date
using standard methodology, employing common data, and allowing for statistical testing
MASS APPRAISAL MODEL A mathematical expression of how supply and demanda
factors interact in a market
Update
SIGNATURE Personalized evidence indicating authentication of the world performed by
the appraiser and the acceptance of the responsabilidad for content, analyses, and the conclusions
in the report
ADVISORY OPINION This communication by the appraisal standards board (ASB) does
not establish new standards or interpretación existing standards. Advisory opinions are issued to
illustrate the applicability of appraisal standards in specific situations and ofeer advise from the
ASB for the resolution of appraisal issued and problems
BUSINESS ENTERPRISES An entity pursuing an economic activity
BUSINESS EQUITY The interest, benefits, and rights inherent in the ownership of a
business enterprise or a part thereof in any from (including, but not necessarily limited to, capital
stock, partnership interest, cooperatives, sole proprietorships, options, and warrants)
CREDIBLE Worthy of belief
, FEASIBILITY ANALYSIS A study of the cost-benefit relationship of an economic
endeavor
INTANGIBLE PROPERTY (INTANGIBLE ASSETS) Nonphysical assets, including but
not limited to franchises, trademarks, patents, copyrights, goodwill, equities, securities, and
contracts as distinguished from physical assets such as facilities and equipment
MARKET VALUE A type of value, stated as opinion, that persumes the transfer of
property (i.e., a right of ownership or bundle of such rights), as of a certain date, under specific
conditions set forth in the definition of the term identified by the appraiser as applicable in an
appraisal
MASS APPRAISAL The process of valuing a universe of properties as of a given date
using standard methodology, employing common data, and allowing for statistical testing
MASS APPRAISAL MODEL A mathematical expression of how supply and demanda
factors interact in a market
