7-Hr National USPAP Course Exam With 100% Correct Answers 2023
The ASB considers suggestions for changes to USPAP from: - Appraisers, users of appraisal services, regulators, and others You have a suggestion for a change to USPAP, and you want to tell the ASB about it. When making your suggestion, it is helpful to the ASB if you: - Explain how the proposed change will enhance public trust in appraisal practice The ASB has received numerous public comment letters in response to an exposure draft. When considering these comments, the ASB's primary focus is: - The reasoning and insight presented in the letter The term "credible," as used in USPAP, refers to: - Appraisal development An appraisal reviewer uses the word "misleading" in relation to the work under review. Assuming the reviewer has used this term properly, the reviewer is referring to: - The report under review Assignment results in a real property appraisal assignment would include: - The highest and best use conclusion In a real property appraisal assignment, assignment conditions would NOT include: - Assignment due date The revision to the definition of Personal Property for 2020-21 was made for the purpose of: - Including items that are developed and stored electronically According to the definition of personal inspection in USPAP: - An appraiser is not expected to perform specialized testing or use special equipment An appraiser values a property based on viewing high-definition video footage shot from a drone piloted by the appraiser's assistant. The appraiser did not visit the property. The appraiser views and reviews the video footage so many times that she truly feels like she has been at the property. May the appraiser sign a certification indicating that she made a personal inspection of the subject property? - No, because the appraiser was never physically present at the property The definition of misleading in the 2020-21 USPAP specifies that a misrepresentation, misstatement, or concealment of relevant facts or conclusions: - May be intentional or unintentional Features that affect a property's value or marketability are: - Relevant characteristics
Escuela, estudio y materia
- Institución
- USPAP
- Grado
- USPAP
Información del documento
- Subido en
- 30 de diciembre de 2023
- Número de páginas
- 8
- Escrito en
- 2023/2024
- Tipo
- Examen
- Contiene
- Preguntas y respuestas
Temas
-
the asb considers suggestions for changes to uspap
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