USPAP 2024 Ch 1: Introduction to USPAP
Currently, the boards within The Appraisal Foundation include:
Appraisal Standards Board, Appraiser Qualifications Board, Board of Trustees
Which Foundation board is responsible for USPAP?
Appraisal Standards Board (ASB)
True or false. The Appraisal Foundation has the authority to enforce the requirements of
USPAP.
False
The Appraisal Foundation is a private entity. The Foundation and its boards have no
enforcement authority in any jurisdiction.
The BOT (Board of Trustees) is the ________________ body of the Foundation.
governing
Which entity 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 entity appoints members of the AQB and ASB?
Board of Trustees (BOT)
Who writes, amends, and interprets the Uniform Standards of Professional Appraisal Practice
(USPAP)?
Appraisal Standards Board (ASB)
Currently, the boards within The Appraisal Foundation include:
Appraisal Standards Board, Appraiser Qualifications Board, Board of Trustees
Which Foundation board is responsible for USPAP?
Appraisal Standards Board (ASB)
True or false. The Appraisal Foundation has the authority to enforce the requirements of
USPAP.
False
The Appraisal Foundation is a private entity. The Foundation and its boards have no
enforcement authority in any jurisdiction.
The BOT (Board of Trustees) is the ________________ body of the Foundation.
governing
Which entity 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 entity appoints members of the AQB and ASB?
Board of Trustees (BOT)
Who writes, amends, and interprets the Uniform Standards of Professional Appraisal Practice
(USPAP)?
Appraisal Standards Board (ASB)
