An appraiser's client wishes to remain anonymous, and asks the appraiser not to include
client's identity in an appraisal report. What should the appraiser do?
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, Omit the client's identity from the report but document the client's identity in
the workfile.
When a law or regulation precludes compliance with any part of USPAP, appraisers must:
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Comply with that law or regulation
Which statement is FALSE regarding STANDARD 1
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It covers real and personal property appraisal development.
Who is responsible for issuing credentials to individual appraisers?
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State appraisal regulatory agencies
The use of standard appraisal reporting forms:
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Is not required by STANDARD 2
If an assignment involves a jurisdictional exception, what must an appraiser do?
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Identify the law, comply with the law, disclose in the report the part of USPAP
that is voided, and cite in the report the law that caused the jurisdictional
exception
If a mortgage borrower receives a copy of an appraisal report from a mortgage lender
as a result of disclosure requirements:
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This does not make the borrower an intended user
Which of the following is NOT required by USPAP to be in the Appraisal Report?
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Clients specific name
, An unacceptable assignment condition would be a condition that:
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Limits the scope of work to the extent that the value opinion is not credible,
Precludes an appraiser's impartiality, Limits report content, resulting in a
misleading report (ALL of the answers listed)
A real estate broker completes a Comparative Market Analysis (CMA) on a property that
she wants to list for sale. What would this be considered?
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A valuation service
Examples of assignment conditions include:
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All of these answers (extraordinary assumptions, laws and regulations,
hypothetical conditions)
If a client's objectives result in an appraiser developing biased assignment results:
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client's identity in an appraisal report. What should the appraiser do?
Give this one a try later!
, Omit the client's identity from the report but document the client's identity in
the workfile.
When a law or regulation precludes compliance with any part of USPAP, appraisers must:
Give this one a try later!
Comply with that law or regulation
Which statement is FALSE regarding STANDARD 1
Give this one a try later!
It covers real and personal property appraisal development.
Who is responsible for issuing credentials to individual appraisers?
Give this one a try later!
State appraisal regulatory agencies
The use of standard appraisal reporting forms:
,Give this one a try later!
Is not required by STANDARD 2
If an assignment involves a jurisdictional exception, what must an appraiser do?
Give this one a try later!
Identify the law, comply with the law, disclose in the report the part of USPAP
that is voided, and cite in the report the law that caused the jurisdictional
exception
If a mortgage borrower receives a copy of an appraisal report from a mortgage lender
as a result of disclosure requirements:
Give this one a try later!
This does not make the borrower an intended user
Which of the following is NOT required by USPAP to be in the Appraisal Report?
Give this one a try later!
Clients specific name
, An unacceptable assignment condition would be a condition that:
Give this one a try later!
Limits the scope of work to the extent that the value opinion is not credible,
Precludes an appraiser's impartiality, Limits report content, resulting in a
misleading report (ALL of the answers listed)
A real estate broker completes a Comparative Market Analysis (CMA) on a property that
she wants to list for sale. What would this be considered?
Give this one a try later!
A valuation service
Examples of assignment conditions include:
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All of these answers (extraordinary assumptions, laws and regulations,
hypothetical conditions)
If a client's objectives result in an appraiser developing biased assignment results:
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