USPAP Questions and Answers A grade

USPAP Questions and Answers A grade The party who engages an appraiser is the __________. - Answer-client Assumes conditions contrary to a known fact - Answer-hypothetical condition Services performed by an individual acting as an appraiser - Answer-Appraisal Practice Documents the support for the appraisers' conclusions - Answer-Work File Presumes as fact otherwise uncertain information - Answer-Extraordinary assumption A preference that precludes an appraiser's impartiality - Answer-bias The amount asked, offered, or paid for a property - Answer-Price Services pertaining to aspects of property value - Answer-Valuation The act or process of developing an opinion of value - Answer-Appraisal An opinion that expresses an economic concept - Answer-Value _________ is a valuation service performed by an individual acting in the role of an appraiser - Answer-Appraisal practice