2024 15-hr National USPAP Course pt 1
Correct 100%
Currently, the boards within The Appraisal Foundation include: - ANSWER Appraisal
Standards Board ASB
Appraiser Qualifications Board AQB
Board of Trustees BOT
T or F. The Appraisal Foundation has the authority to enforce the requirements of
USPAP. - ANSWER False
Which Foundation board is responsible for USPAP? - ANSWER Appraisal Standards
Board (ASB)
Which entity appoints members of the AQB and ASB? - ANSWER Board of Trustees
(BOT)
Which entity is responsible for establishing education and experience requirements for
licensing and certification of appraisers? - ANSWER Appraisal Qualifications Board
(AQB)
Qualification criteria for appraiser certification and recertification are disseminated to
state appraisal boards by the: - ANSWER Appraisal Qualifications Board (AQB)
USPAP is written, amended, and interpreted by the: - ANSWER Appraisal Standards
Board (ASB)
Advisory Opinions are best described as - ANSWER not part of USPAP, but included as
reference material
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
USPAP is enforced by: - ANSWER State appraiser licensing/certification agencies
Which entity maintains the official National Registry of state-certified and licensed
appraisers? - ANSWER Appraisal Subcommittee (ASC)
Which part of USPAP establishes the requirements for workfile content for an appraisal
or appraisal review assignment? - ANSWER record keeping rule
Correct 100%
Currently, the boards within The Appraisal Foundation include: - ANSWER Appraisal
Standards Board ASB
Appraiser Qualifications Board AQB
Board of Trustees BOT
T or F. The Appraisal Foundation has the authority to enforce the requirements of
USPAP. - ANSWER False
Which Foundation board is responsible for USPAP? - ANSWER Appraisal Standards
Board (ASB)
Which entity appoints members of the AQB and ASB? - ANSWER Board of Trustees
(BOT)
Which entity is responsible for establishing education and experience requirements for
licensing and certification of appraisers? - ANSWER Appraisal Qualifications Board
(AQB)
Qualification criteria for appraiser certification and recertification are disseminated to
state appraisal boards by the: - ANSWER Appraisal Qualifications Board (AQB)
USPAP is written, amended, and interpreted by the: - ANSWER Appraisal Standards
Board (ASB)
Advisory Opinions are best described as - ANSWER not part of USPAP, but included as
reference material
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
USPAP is enforced by: - ANSWER State appraiser licensing/certification agencies
Which entity maintains the official National Registry of state-certified and licensed
appraisers? - ANSWER Appraisal Subcommittee (ASC)
Which part of USPAP establishes the requirements for workfile content for an appraisal
or appraisal review assignment? - ANSWER record keeping rule
