Mckissock Uspap Chapter 8
Questions & Answers With Complete Solutions
Graded A+
QUESTIONS AND ANSWERS
Standard 2 States.... ANSWER -In reporting the results of a real property appraisal,
an appraiser must communicate each analysis, opinion, and conclusion in a manner
that is not misleading.
Report. ANSWER -Any communication, written or oral, of an appraisal or appraisal
review that is transmitted to the client upon completion of an assignment.
What does standard 2 do?. ANSWER -STANDARD 2 sets forth minimum content
requirements for written and oral real property appraisal reports.
Standard Rule Reporting requirements. ANSWER -Each written or oral real property
appraisal report must:
(a) clearly and accurately set forth the appraisal in a manner that will not be
misleading;
(b) contain sufficient information to enable the intended users of the appraisal to
understand the report properly; and
(c) clearly and accurately disclose all assumptions, extraordinary assumptions,
hypothetical conditions, and limiting conditions used in the assignment
Questions & Answers With Complete Solutions
Graded A+
QUESTIONS AND ANSWERS
Standard 2 States.... ANSWER -In reporting the results of a real property appraisal,
an appraiser must communicate each analysis, opinion, and conclusion in a manner
that is not misleading.
Report. ANSWER -Any communication, written or oral, of an appraisal or appraisal
review that is transmitted to the client upon completion of an assignment.
What does standard 2 do?. ANSWER -STANDARD 2 sets forth minimum content
requirements for written and oral real property appraisal reports.
Standard Rule Reporting requirements. ANSWER -Each written or oral real property
appraisal report must:
(a) clearly and accurately set forth the appraisal in a manner that will not be
misleading;
(b) contain sufficient information to enable the intended users of the appraisal to
understand the report properly; and
(c) clearly and accurately disclose all assumptions, extraordinary assumptions,
hypothetical conditions, and limiting conditions used in the assignment
