Questions and Answers 100% Pass
In order to determine the appropriate scope of work, the appraiser must ________ the
problem to be solved. - ✔✔Identify
Appraisers have broad _________ and significant _________ in determining the
appropriate scope of work in an assignment. - ✔✔Flexibility, responsibility
The credibility of assignment results is measured in the context of - ✔✔The intended
use
Which Foundation board is responsible for USPAP? - ✔✔Appraisal Standards Board
(ASB)
The Appraisal Foundation has the authority to enforce the requirements of USPAP. -
✔✔False
The first step in the appraisal process is: - ✔✔Identify the problem
In USPAP, The appraisal process is divided into two distinct types of activity: ________
and _______. - ✔✔Development, reporting
Which step in the appraisal process involves communication of the appraiser's opinions
and conclusions? - ✔✔Reporting
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, Which in tight city is responsible for establishing education and experience
requirements for licensing and certification of appraisers? - ✔✔Appraiser Qualifications
Board (AQB)
Qualification criteria for appraiser certification and recertification are disseminated to
State Appraisal boards by the: - ✔✔Appraiser Qualifications Board (AQB)
Which entitles the appoints members of the AQB and ASB? - ✔✔Board of Trustees
(BOT)
USPAP is written, amended, and interpreted by the: - ✔✔Appraisal Standards Board
(ASB)
Advisory Opinion are best described as - ✔✔not part of USPAP, but included as
references material
USPAP is enforced by: - ✔✔State appraiser licensing/certification agencies
Which entity maintains the official National Registry of state certified and license
appraisers? - ✔✔Appraisal Subcommittee (ASC)
Who is responsible for issuing credentials to individual appraisers? - ✔✔State appraisal
regulatory agencies
Which is NOT a responsibility of the Appraisal Subcommittee (ASC)? - ✔✔Writing,
interpreting, and amending USPAP
Why are USPAP Advisory Opinions issued? - ✔✔offer advice
Which of these is considered an integral part of USPAP and has the same weight as the
components the address? - ✔✔Comments
Which part of USPAP establishes the requirements for workfile content for an appraisal
or appraisal review assignment? - ✔✔RECORD KEEPING RULE
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