15hr national USPAP McKissock
Accurate 100%
In order to determine the appropriate scope of work, the appraiser must ________ the
problem to be solved. - ANSWER Identify
Appraisers have broad _________ and significant _________ in determining the
appropriate scope of work in an assignment. - ANSWER Flexibility, responsibility
The credibility of assignment results is measured in the context of - ANSWER The
intended use
Which Foundation board is responsible for USPAP? - ANSWER Appraisal Standards
Board (ASB)
The Appraisal Foundation has the authority to enforce the requirements of USPAP. -
ANSWER False
The first step in the appraisal process is: - ANSWER Identify the problem
In USPAP, The appraisal process is divided into two distinct types of activity: ________
and _______. - ANSWER Development, reporting
Which step in the appraisal process involves communication of the appraiser's opinions
and conclusions? - ANSWER Reporting
Which in tight city is responsible for establishing education and experience
requirements for licensing and certification of appraisers? - ANSWER Appraiser
Qualifications Board (AQB)
Qualification criteria for appraiser certification and recertification are disseminated to
State Appraisal boards by the: - ANSWER Appraiser Qualifications Board (AQB)
Which entitles the appoints members of the AQB and ASB? - ANSWER Board of
Trustees (BOT)
USPAP is written, amended, and interpreted by the: - ANSWER Appraisal Standards
Board (ASB)
Advisory Opinion are best described as - ANSWER not part of USPAP, but included as
references material
USPAP is enforced by: - ANSWER State appraiser licensing/certification agencies
, Which entity maintains the official National Registry of state certified and license
appraisers? - ANSWER Appraisal Subcommittee (ASC)
Who is responsible for issuing credentials to individual appraisers? - ANSWER State
appraisal regulatory agencies
Which is NOT a responsibility of the Appraisal Subcommittee (ASC)? - ANSWER
Writing, interpreting, and amending USPAP
Why are USPAP Advisory Opinions issued? - ANSWER offer advice
Which of these is considered an integral part of USPAP and has the same weight as the
components the address? - ANSWER Comments
Which part of USPAP establishes the requirements for workfile content for an appraisal
or appraisal review assignment? - ANSWER RECORD KEEPING RULE
When obligated by law or regulation, an appraiser _______ comply with USPAP. -
ANSWER must
The PREAMBLE states that USPAP intended to benefit: - ANSWER Appraisers and
users of appraisal services
To which property types does USPAP apply? - ANSWER Both tangible and intangible
property
What is the stated purpose of USPAP? - ANSWER 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. - ANSWER True
The requirement for USPAP compliance in an appraisal assignment could be the result
of: - ANSWER Any of these answers (agreement with the client, voluntary choice by the
appraiser, law or regulation)
USPAP States that in a situation when an individual is not required by law, regulation, or
agreement to comply with USPAP: - ANSWER The individual should still comply when
he or she is acting as an appraiser
A valuation service that is premised upon advocacy: - ANSWER It cannot be performed
by an individual acting as an appraiser
When performing valuation services outside of appraisal practice, an individual must be
careful not to ______ the client and other intended users about his or her role. -
ANSWER mislead
Accurate 100%
In order to determine the appropriate scope of work, the appraiser must ________ the
problem to be solved. - ANSWER Identify
Appraisers have broad _________ and significant _________ in determining the
appropriate scope of work in an assignment. - ANSWER Flexibility, responsibility
The credibility of assignment results is measured in the context of - ANSWER The
intended use
Which Foundation board is responsible for USPAP? - ANSWER Appraisal Standards
Board (ASB)
The Appraisal Foundation has the authority to enforce the requirements of USPAP. -
ANSWER False
The first step in the appraisal process is: - ANSWER Identify the problem
In USPAP, The appraisal process is divided into two distinct types of activity: ________
and _______. - ANSWER Development, reporting
Which step in the appraisal process involves communication of the appraiser's opinions
and conclusions? - ANSWER Reporting
Which in tight city is responsible for establishing education and experience
requirements for licensing and certification of appraisers? - ANSWER Appraiser
Qualifications Board (AQB)
Qualification criteria for appraiser certification and recertification are disseminated to
State Appraisal boards by the: - ANSWER Appraiser Qualifications Board (AQB)
Which entitles the appoints members of the AQB and ASB? - ANSWER Board of
Trustees (BOT)
USPAP is written, amended, and interpreted by the: - ANSWER Appraisal Standards
Board (ASB)
Advisory Opinion are best described as - ANSWER not part of USPAP, but included as
references material
USPAP is enforced by: - ANSWER State appraiser licensing/certification agencies
, Which entity maintains the official National Registry of state certified and license
appraisers? - ANSWER Appraisal Subcommittee (ASC)
Who is responsible for issuing credentials to individual appraisers? - ANSWER State
appraisal regulatory agencies
Which is NOT a responsibility of the Appraisal Subcommittee (ASC)? - ANSWER
Writing, interpreting, and amending USPAP
Why are USPAP Advisory Opinions issued? - ANSWER offer advice
Which of these is considered an integral part of USPAP and has the same weight as the
components the address? - ANSWER Comments
Which part of USPAP establishes the requirements for workfile content for an appraisal
or appraisal review assignment? - ANSWER RECORD KEEPING RULE
When obligated by law or regulation, an appraiser _______ comply with USPAP. -
ANSWER must
The PREAMBLE states that USPAP intended to benefit: - ANSWER Appraisers and
users of appraisal services
To which property types does USPAP apply? - ANSWER Both tangible and intangible
property
What is the stated purpose of USPAP? - ANSWER 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. - ANSWER True
The requirement for USPAP compliance in an appraisal assignment could be the result
of: - ANSWER Any of these answers (agreement with the client, voluntary choice by the
appraiser, law or regulation)
USPAP States that in a situation when an individual is not required by law, regulation, or
agreement to comply with USPAP: - ANSWER The individual should still comply when
he or she is acting as an appraiser
A valuation service that is premised upon advocacy: - ANSWER It cannot be performed
by an individual acting as an appraiser
When performing valuation services outside of appraisal practice, an individual must be
careful not to ______ the client and other intended users about his or her role. -
ANSWER mislead
