USPAP study guide with complete
solutions
Standards ii1-10 ii- iiAnswers ii-Address iivalue, iinot iiprice
Advisory iiOpinions ii- iiAnswers ii-Are iiissued iito iiillustrate iithe iiapplicability iiof iiappraisal
iistandards iiin iispecific iisituations iiand iito iioffer iiadvice iifrom iithe iiASB iifor iithe iiresolution
iiof iiappraisal iiissues iiand iiproblems.
Appraisal iiPractice ii- iiAnswers ii-Performed iionly iiby iithe iiappraiser
An iiopinion iithat iiexpresses iian iieconomic iiconcept ii- iiAnswers ii-Value
Compliance iiwith iiUSPAP iiis iirequired iiwhen iieither iithe iiservice iior iithe iiappraiser iiis
iiobligated iito iicomply iiby ii- iiAnswers ii-Law
Regulation
Agreement ii(with iithe iiclient iior iiother iiintended iiuser)
When iinot iiobligated, iiindividuals iimay iistill iichoose iito iicomply.
Valuation iiServices ii- iiAnswers ii-Services iipertaining iito iiaspects iiof iiproperty iivalue
A iivaluation iiservice iibased iion iiadvocacy iior iicompensation iiarrangements iithat iiare
iicontrary iito iithe iiethics iirule... ii- iiAnswers ii-cannot iibe iiperformed iiby iian iiindividual
iiacting iias iian iiappraiser
An iiindividual iimust iicomply iiwith iiUSPAP iiwhen iirequired iiby iilaw, iiregulations, iior
iiagreement. ii- iiAnswers ii-True
The iipurpose iiof iiUSPAP iiis iito iipromote iiand iimaintain iia iihigh iilevel iiof iipublic iitrust iiin
iiprofessional iiappraisal iipractice. ii- iiAnswers ii-True
According iito iiUSPAP, iithe iiparty iior iiparties iiwho iiengage iian iiappraiser iiin iia iispecific
iiassignment iidefines iithe... ii- iiAnswers ii-A. iiClient
b. iiparty iiwho iipays iithe iifee
c. iiappraiser's iipeer
d. iiother iiintended iiusers
USPAP iiis iideveloped, iiinterpreted, iiand iiamended iiby iithe... ii- iiAnswers ii-A. iiAppraisal
iiStandards iiBoard.
solutions
Standards ii1-10 ii- iiAnswers ii-Address iivalue, iinot iiprice
Advisory iiOpinions ii- iiAnswers ii-Are iiissued iito iiillustrate iithe iiapplicability iiof iiappraisal
iistandards iiin iispecific iisituations iiand iito iioffer iiadvice iifrom iithe iiASB iifor iithe iiresolution
iiof iiappraisal iiissues iiand iiproblems.
Appraisal iiPractice ii- iiAnswers ii-Performed iionly iiby iithe iiappraiser
An iiopinion iithat iiexpresses iian iieconomic iiconcept ii- iiAnswers ii-Value
Compliance iiwith iiUSPAP iiis iirequired iiwhen iieither iithe iiservice iior iithe iiappraiser iiis
iiobligated iito iicomply iiby ii- iiAnswers ii-Law
Regulation
Agreement ii(with iithe iiclient iior iiother iiintended iiuser)
When iinot iiobligated, iiindividuals iimay iistill iichoose iito iicomply.
Valuation iiServices ii- iiAnswers ii-Services iipertaining iito iiaspects iiof iiproperty iivalue
A iivaluation iiservice iibased iion iiadvocacy iior iicompensation iiarrangements iithat iiare
iicontrary iito iithe iiethics iirule... ii- iiAnswers ii-cannot iibe iiperformed iiby iian iiindividual
iiacting iias iian iiappraiser
An iiindividual iimust iicomply iiwith iiUSPAP iiwhen iirequired iiby iilaw, iiregulations, iior
iiagreement. ii- iiAnswers ii-True
The iipurpose iiof iiUSPAP iiis iito iipromote iiand iimaintain iia iihigh iilevel iiof iipublic iitrust iiin
iiprofessional iiappraisal iipractice. ii- iiAnswers ii-True
According iito iiUSPAP, iithe iiparty iior iiparties iiwho iiengage iian iiappraiser iiin iia iispecific
iiassignment iidefines iithe... ii- iiAnswers ii-A. iiClient
b. iiparty iiwho iipays iithe iifee
c. iiappraiser's iipeer
d. iiother iiintended iiusers
USPAP iiis iideveloped, iiinterpreted, iiand iiamended iiby iithe... ii- iiAnswers ii-A. iiAppraisal
iiStandards iiBoard.
