National USPAP Course Exam| 172 QUESTIONS| WITH COMPLETE SOLUTIONS

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 certification and recertification are disseminated to state appraisal boards by the: correct answer: Appraisal Qualifications Board Which entity is responsible for establishing education and experience requirements for licensing and certification of appraisers? correct answer: Appraisal Qualifications Board Which entity appoints members of the AQB and ASB? correct answer: Board of Trustees USPAP is written, amended, and interpreted by the: correct answer: Appraisal Standards Board Advisory Opinions are best described as: correct answer: not part of USPAP, but included as reference material Who is responsible for issuing credentials to individual appraisers? correct answer: State appraisal regulatory agencies Which entity maintains the official National Registry of state-certified and licensed appraisers? correct answer: Appraisal Subcommittee (ASC) Which is NOT a responsibility of the Appraisal Subcommittee (ASC)? correct answer: writing, interpreting and amending USPAP USPAP is enforced by: correct answer: state appraiser licensing/certification agencies Which part of USPAP establishes the requirements for workfile content for an appraisal or appraisal review assignment? correct answer: Record Keeping Rule Why are USPAP Advisory Opinions issued? correct answer: to offer advice Which of these is considered an integral part of USPAP and has the same weight as the components they address? correct answer: comments The first step in the appraisal process is: