National uspap Study guides, Class notes & Summaries

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Different appraisal regulations among states. - CORRECR ANSWERS-Which is not one of the contributing factors that led to a need for regulation in the appraisal profession? Appraisal Subcommittee (ASC) - CORRECR ANSWERS-Responsible for the Federal oversight of state real estate licensing and certification TRUE - CORRECR ANSWERS-(T/F) The AppraisalSubcommittee monitors the activities of TAF to determine if policies and procedures are consistent with title XI of FIRREA Appraisal Subcommi...

Which board within The Appraisal Foundation has the authority to make revisions to USPAP? Board of Trustees (BOT) Appraisal Standards Board (ASB) Appraiser Qualifications Board (AQB) All boards within the Foundation have the authority to revise USPAP - CORRECT ANSWER-Appraisal Standards Board (ASB) The three independent boards within The Appraisal Foundation include: Appraisal Standards Board, Appraisal Subcommittee, Federal Housing Finance Agency Appraisal Standards Board, Appraiser ...

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National USPAP Course Exam Question and answers verified to passNational USPAP Course Exam The Appraisal Foundation has the authority to enforce the requirements of USPAP. - correct answer False Currently, the boards within the Appraisal Foundation include: - correct answer Appraisal Standards Board, Appraisal Qualifications Board, Board of Trustees Which Foundation board is responsible for USPAP? - correct answer Appraisal Standards Board Qualification criteria for appraiser c...

What is USPAP? - CORRECT ANSWER-Uniform Standards of Professional Appraisal Practice Why was USPAP developed? - CORRECT ANSWER-To promote and maintain a high level of public trust as well as confidence in professional appraisal practice What are the benefits of USPAP? - CORRECT ANSWER-1) Provides a common basis for comparison (eg are we doing the appropriate work for the type of assignment?) 2) Provides a reference source for all users of the document. 3) Provides a basis for uniform ...

Different appraisal regulations among states. - CORRECT ANSWER-Which is not one of the contributing factors that led to a need for regulation in the appraisal profession? Appraisal Subcommittee (ASC) - CORRECT ANSWER-Responsible for the Federal oversight of state real estate licensing and certification TRUE - CORRECT ANSWER-(T/F) The AppraisalSubcommittee monitors the activities of TAF to determine if policies and procedures are consistent with title XI of FIRREA Appraisal Subcommittee ...

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