USPAP Exam Questions and Answers (Graded A)

USPAP Exam Questions and Answers



Big ii5
1

1. iiETHIC iiRULE
2. iiRECORD iiKEEPING iiRULE
3. iiCOMPETENCY iiRULE
4. iiSCOPE iiOF iiWORK
5. iiJURISDICTIONAL iiEXCEPTION iiRULE

Development

1

odd ii# iiStandards iiend iiin ii___



standard ii1 iiand ii2
1

real iiproperty iiappraisal, iidevelopment iiand iireporting

Reporting ii

1

even ii# iistandards iiend iiin ii__

,standard ii7 iiand ii8
1

personal iiproperty iiappraisal, iidevelopment iiand iireporting

standard ii3 iiand ii4
1

appraisal iireview, iidevelopment iiand iireporting

standard ii5 iiand ii6
1

mass iiappraisal, iidevelopment iiand iireporting

standard ii9 iiand ii10
1

business iiappraisal, iidevelopment iiand iireporting

ethics iirule

1

sets iiforth iirequirements iifor iiintegrity, iiimpartiality, iiobjectivity, iiindependent
iijudgement, iiand iiethical iiconduct.


record iikeeping iirule

1

establishes iithe iiworkfile iireq. iifor iiappraisal iiand iiappraisal iireview iiassignments

competency iirule

1

presents iipre-assignment iiand iiassignment iicondition iifor iiknowledge iiand
iiexperience


scope iiof iiwork iirule

,1

presents iiobligations iirelated iito iiproblem iiidentification, iiresearch, iiand iianalyses

jurisdictional iiexception iirule

1

preserves iithe iibalance iiof iiUSPAP iiif iia iiportion iiis iicontrary iito iilaw iior iipublic
iipolicy iiof iia iijurisdiction


process iistandards
1

Standard ii1 iiand ii2: iiReal iiProperty iiappraisal, iiD iiand iiR

Standard ii2 iiand ii3: iiAppraisal iiReview, iiD iiand iiR

Standard ii4 iiand ii5: iiMass iiAppraisal, iiD iiand iiR

Standard ii7 iiand ii8: iiPersonal iiproperty iiappraisal, iiD iiand iiR

Standard ii9 iiand ii10: iiBusiness iiappraisal, iiD iiand iiR

performance iistandards
1

preamble
definitions
ethics iirule
record iikeeping iirule
competency iirulepreamble
definitions
ethics iirule
record iikeeping iirule
competency iirule
scope iiof iiwork iirule

, jurisdictional iiexception iirule
scope iiof iiwork iirule
jurisdictional iiexception iirule

mass iiappraisal

1

the iiprocess iiof iivaluing iia iiuniverse iiof iiproperties iias iiof iia iigiven iidate iiusing
iistandard iimethodology, iiemploying iicommon iidata, iiand iiallowing iifor iistatistical

iitesting


BOT ii(board iiof iitrustees)
1

runs iiappraisal iifoundation

AQB ii(appraiser iiqualifications iiboard)
1

defines iiminimum ii3 ii"E's"

defines iiqualifications iifor iiindividual iiappraisers

3 iiE's
1

State iienforces

Exam
Experience iineeded ii(hours)
Education iirequirements

FIRREA
1

1989
financial iiinstitutions iireform, iirecovery, iiand iienforcement iiact