15hr national USPAP McKissock Exam Top Rated Questions and Answers 2024

In order to determine the appropriate scope of work, the appraiser must ________ the problem to be solved. - Identify Appraisers have broad _________ and significant _________ in determining the appropriate scope of work in an assignment. - Flexibility, responsibility The credibility of assignment results is measured in the context of - The intended use Which Foundation board is responsible for USPAP? - Appraisal Standards Board (ASB) The Appraisal Foundation has the authority to enforce the requirements of USPAP. - False The first step in the appraisal process is: - Identify the problem In USPAP, The appraisal process is divided into two distinct types of activity: ________ and _______. - Development, reporting Which step in the appraisal process involves communication of the appraiser's opinions and conclusions? - Reporting Which in tight city is responsible for establishing education and experience requirements for licensing and certification of appraisers? - Appraiser Qualifications Board (AQB) Qualification criteria for appraiser certification and recertification are disseminated to State Appraisal boards by the: - Appraiser Qualifications Board (AQB) Which entitles the appoints members of the AQB and ASB? - Board of Trustees (BOT) USPAP is written, amended, and interpreted by the: - Appraisal Standards Board (ASB) Advisory Opinion are best described as - not part of USPAP, but included as references material USPAP is enforced by: - State appraiser licensing/certification agencies Which entity maintains the official National Registry of state certified and license appraisers? - Appraisal Subcommittee (ASC) Who is responsible for issuing credentials to individual appraisers? - State appraisal regulatory agencies Which is NOT a responsibility of the Appraisal Subcommittee (ASC)? - Writing, interpreting, and amending USPAP Why are USPAP Advisory Opinions issued? - offer advice Which of these is considered an integral part of USPAP and has the same weight as the components the address? - Comments Which part of USPAP establishes the requirements for workfile content for an appraisal or appraisal review assignment? - RECORD KEEPING RULE When obligated by law or regulation, an appraiser _______ comply with USPAP. - must The PREAMBLE states that USPAP intended to benefit: - Appraisers and users of appraisal services To which property types does USPAP apply? - Both tangible and intangible property What is the stated purpose of USPAP? - Promote and maintain a high level of public trust in appraisal practice An appraiser has the professional responsibility to identify the capacity in which performing. - True