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Exam (elaborations)

USPAP 15-HOUR COURSE QUESTIONS AND ANSWERS PASSED

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USPAP 15-HOUR COURSE QUESTIONS AND ANSWERS PASSED

Institution
15-hour National USPAP
Course
15-hour National USPAP











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Institution
15-hour National USPAP
Course
15-hour National USPAP

Document information

Uploaded on
March 17, 2025
Number of pages
39
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

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It is automatic when a law precludes compliance with a part of USPAP.


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Occurrence of a jurisdictional exclusion




What does the effective date of an appraisal establish?

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The context of the market conditions for the appraiser's opinion.




ASC


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Developing, amending, and interpreting USPAP is NOT a responsibility of




• Disseminates to state appraisal boards the qualifications criteria for appraiser
certifications and recertification.
• Responsible for establishing education and experience requirements for licensing
and certification of appraisers.


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AQB




Restricted Use Appraisal Report


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The client is the only intended user




Only if required to develop credible results.

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Extraordinary assumption




Disclose to the client, prior to accepting, the lack of knowledge or experience.


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In order to accept an assignment when an appraise initially lacks the
knowledge and experience to complete an assignment competently he
must




States


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Who has the only jurisdiction and authority over appraisers?




responsible for issuing credentials to individual appraisers.


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State appraisal regulatory committees




Demand Studies
Supply Studies

, Marketability Studies


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Market Analysis




authorized by the client.


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The disclosure of confidential information to a third party is unethical unless




When is it necessary to analyze prior listings of the subject property in a real property
appraisal assignment.


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When such analysis is relevant to the current assignment




Unacceptable assignment condition.


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1. Limits the scope of work to the extent that the value opinion is not
credible.
2. Precludes an appraiser's impartiality.
3. Limits report content, resulting in a misleading report.

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