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National USPAP exam test -2 with correct answers
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National USPAP exam test -2 with correct answers
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National USPAP exam test #2 withcorrect answers
Which iiof iithe iifollowing iiestablishes iiminimum iicriteria iifor iireal iiproperty
iiappraiser iicertification iiand iilicensing?
Appraiser iiQualifications iiboard
USPAP iiis iienforced iiby:
State iiregulatory iiagencies iiand iiprofessional iiappraisal iiorganizations.
Why iiare iiAdvisory iiOpinions iiissued?
To iiillustrate iithe iiapplicability iiof iiappraisal iistandards
Which iiof iithe iifollowing iibest iidescribes iia iiComment iito iia iiStandard iiRule?
It iiis iinonbonding iiguidance iimaterial.
Which iione iiof iithe iifollowing iiis iian iiassignment iicondition?
Extraordinary iiassumption
An iiappraiser iihas iireceived iian iiassignment iito iiappraise iiseveral iicollections
iiwhere iionly iione iirepresentative iipiece iiis iiavailable iito iibe iiviewed iifor iieach
iicollection. iiThe iiappraiser iihas iibeen iiadvised iithat iithe iicollections iiare iicomplete.
iiThe iiappraiser iiagrees iito iiperform iithe iiassignment. iiThe iireport iiMUST iiinclude
iithe iidisclosure iiof iithe iiuse iiof:
confidential iiinformation
Appraisal iipractice iiis iidefined iias:
, only iivaluation iiservices iithat iiinclude iian iiappraisal iior iiappraisal iireview.
Credibility iiis iijudged iiin iithe iicontext iiof iithe:
competency iiof iithe iiappraiser.
Credible iiis iidefined iias:
deserving iiof iitrust
The iiparty iior iiparties iiwho iiengage iian iiappraiser iiin iia iispecific iiassignment
iidefines iithe:
client
A iitangible iiobject iithat iiis iiNOT iireal iiestate iiis:
personal iiproperty
Under iiUSPAP, iiconfidential iiinformation iiis iiinformation iithat iiis iiclassified iias
iiconfidential iior iiprivate iiby iilaw iior iiregulation iior iiinformation iithe iiappraiser:
receives iifrom iithe iiclient iiand iiis iiidentified iiby iithe iiclient iias iiconfidential iiand iiis
iinot iiavailable iifrom iiother iisources.
That iiwhich iiis iicontrary iito iiwhat iiis iiknown iiby iithe iiappraiser iito iiexist iion iithe
iieffective iidate iiof iithe iiassignment iiresults, iibut iiis iisupposed iifor iithe iipurpose iiof
iianalysis iiis:
a iihypothetical iicondition
The iipurpose iiof iiUSPAP iiis iito:
promote iiand iimaintain iia iihigh iilevel iiof iipublic iitrust.
An iiappraiser iiis iiasked iito iisubmit iian iiestimate iiof iithe iicost iiof iiconstruction iifor iia
iiproposed iinew iihouse iito iia iilender. iiThis iiis:
Not iiappraisal iipractice
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