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Mckissock USPAP Chapter 8 Exam Questions and Answers 100% Pass

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Mckissock USPAP Chapter 8 Exam Questions and Answers 100% Pass Standard 2 States... - In reporting the results of a real property appraisal, an appraiser must communicate each analysis, opinion, and conclusion in a manner that is not misleading. Report - Any communication, written or oral, of an appraisal or appraisal review that is transmitted to the client upon completion of an assignment. What does standard 2 do? - STANDARD 2 sets forth minimum content requirements for written and oral real property appraisal reports. Standard Rule Reporting requirements - Each written or oral real property appraisal report must: (a) clearly and accurately set forth the appraisal in a manner that will not be misleading; (b) contain sufficient information to enable the intended users of the appraisal to understand the report properly; and (c) clearly and accurately disclose all assumptions, extra

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Mckissock USPAP Chapter 8 Exam
Questions and Answers 100% Pass


Standard 2 States... - ✔✔In reporting the results of a real property appraisal, an
appraiser must communicate each analysis, opinion, and conclusion in a manner that is
not misleading.

Report - ✔✔Any communication, written or oral, of an appraisal or appraisal review
that is transmitted to the client upon completion of an assignment.

What does standard 2 do? - ✔✔STANDARD 2 sets forth minimum content
requirements for written and oral real property appraisal reports.

Standard Rule Reporting requirements - ✔✔Each written or oral real property appraisal
report must:




(a) clearly and accurately set forth the appraisal in a manner that will not be misleading;




(b) contain sufficient information to enable the intended users of the appraisal to
understand the report properly; and




(c) clearly and accurately disclose all assumptions, extraordinary assumptions,
hypothetical conditions, and limiting conditions used in the assignment


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