Appraiser Supervisor and Trainee Quiz || with 100% Error-free Solutions.

Appraisal Standards Board (ASB) correct answers responsible for subject, style, content and substance of USPAP. communicates appraisal standards, including Advisory Opinions and FAQ Appraisal Subcommittee correct answers provides oversight of state appraiser regulatory programs (result of FIRREA). Maintains national registry of licensed appraisers Appraisal Qualifications Board (AQB) correct answers Establishes minimum education and experience guidelines State Regulatory Agency correct answers maintain and monitor experience logs Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) correct answers recognized USPAP as industry standard for appraisal and identifies appraisal foundation as authority for appraisal standards The Appraisal Foundation correct answers nonprofit private recognized by congress as the authority for professional appraisal standards and qualifications Uniform Standards of Professional Appraisal Practice (USPAP) correct answers professional appraisal standards promulgated by appraisal foundation accepted standard for appraisal practice (enforced by state regulatory agencies) Board Of Trustees (BOT) correct answers governing body of the Appraisal Foundation. Appoints members of AQB & ASB. Monitors performance/oversight of TAF 4 Permitted Appraiser Classification correct answers Trainee Appraiser, Licensed Residential Real Property Appraiser, Certified Residential Real Property Appraiser, Certified General Real Property Appraiser 7 Hour National USPAP course update correct answers must be completed every 2 years Continuing education cycle correct answers continuing education in a partial year must be completed as follows: - Cycle periods of 185 days or more-> 14 hours of continuing education is required - Cycle periods of less than 185->no continuing education required hour of experience correct answers includes appraisal, appraisal review, consulting, mass appraisal Maximum time limit experience can be obtained correct answers no max time limit