2020-2021 15-HR NATIONAL
USPAP COURSE
[Document subtitle]
[DATE]
[COMPANY NAME]
[Company address]
,The Appraisal Foundation has the authority to enforce the requirements of USPAP.
-False
-True
False
Currently, the boards within The Appraisal Foundation include:
-Board of Trustees, Federal Housing Administration, Fannie Mae
-Appraisal Board, Appraisal Review Board, Administration Board
-Board of Trustees, Appraisal Standards Board, Appraisal Subcommittee
-Appraisal Standards Board, Appraiser Qualifications Board, Board of Trustees
Appraisal Standards Board, Appraiser Qualifications Board, Board of Trustees
Which Foundation board is responsible for USPAP?
-Appraisal Standards Board (ASB)
-Consumer Financial Protection Bureau (CFPB)
-Appraisal Subcommittee (ASC)
-Appraiser Qualifications Board (AQB)
Appraisal Standards Board (ASB)
Which entity is responsible for establishing education and experience requirements for licensing and
certification of appraisers?
-Appraisal Standards Board (ASB)
-Appraisal Subcommittee (ASC)
-Appraiser Qualifications Board (AQB)
-Board of Trustees (BOT)
Appraiser Qualifications Board (AQB)
,Qualification criteria for appraiser certification and recertification are disseminated to state appraisal
boards by the:
-Appraiser Qualifications Board (AQB)
Board of Trustees (BOT)
Appraisal Standards Board (ASB)
Consumer Financial Protection Bureau (CFPB)
Appraiser Qualifications Board (AQB)
Which entity appoints members of the AQB and ASB?
-They appoint their own members
-Appraisal Subcommittee (ASC)
-None of the answers shown
-Board of Trustees (BOT)
Board of Trustees (BOT)
Advisory Opinions are best described as
-an alternative index to USPAP
-issued by the Appraisal Subcommittee (ASC)
-subject to Fannie Mae requirements
-not part of USPAP, but included as reference material
Not part of USPAP, but included as reference material
USPAP is written, amended, and interpreted by the:
-Appraisal Standards Board (ASB)
, -Appraisal Subcommittee (ASC)
-Appraiser Qualifications Board (AQB)
-Federal Reserve Board (FRB)
Appraisal Standards Board (ASB)
Which entity maintains the official National Registry of state-certified and licensed appraisers?
-Appraisal Subcommittee (ASC)
-Appraisal Standards Board (ASB)
-Appraiser Qualifications Board (AQB)
-Federal Reserve Board (FRB)
Appraisal Subcommittee (ASC)
Who is responsible for issuing credentials to individual appraisers?
-Appraisal Subcommittee (ASC)
-Appraiser Qualifications Board (AQB)
-Appraisal Practices Board (APB)
-State appraisal regulatory agencies
State appraisal regulatory agencies
Which is NOT a responsibility of the Appraisal Subcommittee (ASC)?
-Maintaining a National Registry of licensed and certified appraisers
-Overseeing each state's appraiser licensing and certification program
-Writing, interpreting, and amending USPAP
-Monitoring the practices, procedures, and activities of The Appraisal Foundation
Writing, interpreting, and amending USPAP
USPAP COURSE
[Document subtitle]
[DATE]
[COMPANY NAME]
[Company address]
,The Appraisal Foundation has the authority to enforce the requirements of USPAP.
-False
-True
False
Currently, the boards within The Appraisal Foundation include:
-Board of Trustees, Federal Housing Administration, Fannie Mae
-Appraisal Board, Appraisal Review Board, Administration Board
-Board of Trustees, Appraisal Standards Board, Appraisal Subcommittee
-Appraisal Standards Board, Appraiser Qualifications Board, Board of Trustees
Appraisal Standards Board, Appraiser Qualifications Board, Board of Trustees
Which Foundation board is responsible for USPAP?
-Appraisal Standards Board (ASB)
-Consumer Financial Protection Bureau (CFPB)
-Appraisal Subcommittee (ASC)
-Appraiser Qualifications Board (AQB)
Appraisal Standards Board (ASB)
Which entity is responsible for establishing education and experience requirements for licensing and
certification of appraisers?
-Appraisal Standards Board (ASB)
-Appraisal Subcommittee (ASC)
-Appraiser Qualifications Board (AQB)
-Board of Trustees (BOT)
Appraiser Qualifications Board (AQB)
,Qualification criteria for appraiser certification and recertification are disseminated to state appraisal
boards by the:
-Appraiser Qualifications Board (AQB)
Board of Trustees (BOT)
Appraisal Standards Board (ASB)
Consumer Financial Protection Bureau (CFPB)
Appraiser Qualifications Board (AQB)
Which entity appoints members of the AQB and ASB?
-They appoint their own members
-Appraisal Subcommittee (ASC)
-None of the answers shown
-Board of Trustees (BOT)
Board of Trustees (BOT)
Advisory Opinions are best described as
-an alternative index to USPAP
-issued by the Appraisal Subcommittee (ASC)
-subject to Fannie Mae requirements
-not part of USPAP, but included as reference material
Not part of USPAP, but included as reference material
USPAP is written, amended, and interpreted by the:
-Appraisal Standards Board (ASB)
, -Appraisal Subcommittee (ASC)
-Appraiser Qualifications Board (AQB)
-Federal Reserve Board (FRB)
Appraisal Standards Board (ASB)
Which entity maintains the official National Registry of state-certified and licensed appraisers?
-Appraisal Subcommittee (ASC)
-Appraisal Standards Board (ASB)
-Appraiser Qualifications Board (AQB)
-Federal Reserve Board (FRB)
Appraisal Subcommittee (ASC)
Who is responsible for issuing credentials to individual appraisers?
-Appraisal Subcommittee (ASC)
-Appraiser Qualifications Board (AQB)
-Appraisal Practices Board (APB)
-State appraisal regulatory agencies
State appraisal regulatory agencies
Which is NOT a responsibility of the Appraisal Subcommittee (ASC)?
-Maintaining a National Registry of licensed and certified appraisers
-Overseeing each state's appraiser licensing and certification program
-Writing, interpreting, and amending USPAP
-Monitoring the practices, procedures, and activities of The Appraisal Foundation
Writing, interpreting, and amending USPAP
