6/27/25, 12:17 PM Mckissock USPAP Chapter 8 Exam Questions and Answers Latest Update 2024/2025 | Graded A+.
Mckissock USPAP Chapter 8 Exam Questions and Answers Latest Update
2024/2025 | Graded A+.
In reporting the results of a real property appraisal, an
Standard 2 States...
appraiser must communicate each analysis, opinion,
and conclusion in a manner that is not misleading.
Any communication, written or oral, of an appraisal or
Report
appraisal review that is transmitted to the client upon
completion of an assignment.
STANDARD 2 sets forth minimum content requirements
What does standard 2 do?
for written and oral real property appraisal reports.
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;
Standard Rule Reporting (b) contain sufficient information to enable the
requirements
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
The appraiser is not required to include sufficient
Sufficient information
Requirement information so that anyone other than intended users
can understand the report.
Each written real property appraisal report must be prepared
Standard Rule 2-2 under one of the
following options and prominently state which option is
… 1/3
Mckissock USPAP Chapter 8 Exam Questions and Answers Latest Update
2024/2025 | Graded A+.
In reporting the results of a real property appraisal, an
Standard 2 States...
appraiser must communicate each analysis, opinion,
and conclusion in a manner that is not misleading.
Any communication, written or oral, of an appraisal or
Report
appraisal review that is transmitted to the client upon
completion of an assignment.
STANDARD 2 sets forth minimum content requirements
What does standard 2 do?
for written and oral real property appraisal reports.
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;
Standard Rule Reporting (b) contain sufficient information to enable the
requirements
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
The appraiser is not required to include sufficient
Sufficient information
Requirement information so that anyone other than intended users
can understand the report.
Each written real property appraisal report must be prepared
Standard Rule 2-2 under one of the
following options and prominently state which option is
… 1/3
