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Practice Test Final (USPAP) Questions and Answers
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Practice Test Final (USPAP) Questions and Answers
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Practice Test Final (USPAP) Questionsand Answers
Which iiis iinot iian iielement iiof iiproblem iiidentification?
-assignment iiconditions
-effective iidate iiof iithe iiopinions iiand iiconclusions
-client iiand iiother iiintended iiusers
-reporting iioption iito iibe iiused iiin iithe iiassignment ii- iiCorrect iiAnswers ii-Reporting
iioption iito iibe iiused iiin iithe iiassignment
Most iiof iithe iiinformation iinecessary iifor iithe iiappraiser iito iiidentify iithe iiproblem iiin iia
iiparticular iiassignment ii- iiCorrect iiAnswers ii-Requires iicommunication iiwith iithe iiclient
What iiis iitrue iiabout iiappraising iithe iisame iiproperty iifor iitwo iiclients ii- iiCorrect iiAnswers
ii-Value iiopinion iicould iibe iidifferent iiin iieach iiassignment
Confidential iiinformation iican iibe iidisclosed iito iiperson iispecifically iiauthorized iiby iithe
iiclient, iistate iiappraisal iiagencies, iithird iiparties iias iiauthorized iiby iilaw, iior iia ii- iiCorrect
iiAnswers ii-Duly iiauthorized iiprofessional iipeer iireview iicommittee
When iian iiindividual iiis iiperforming iivaluation iiservices iioutside iiof iiappraisal iipractice,
iithat iiindividual iimust iibe iicareful iito ii- iiCorrect iiAnswers ii-Not iimiss iirepresent iihis iirole
According iito iithe iimanagement iisession iiof iithe iiethics iirules, iiand iiappraiser iiin iifixes
iihis iisignature iiin iiassignment iifor iiwhat iipurpose? ii- iiCorrect iiAnswers ii-Certified
iirecognition iiand iiacceptance iiof iiUSPAP iiresponsibilities
When iican iiextraordinary iiAssumption iibe iiused iiregarding iiinformation iinot iiavailable iito
iithe iiappraiser iidue iito iiassignment iiconditions ii- iiCorrect iiAnswers ii-When iicredible
iiassignment iiresults iican iistill iibe iideveloped
Which iiis iian iielement iiof iidefining iithe iiproblem?
-Assignment iiconditions
-market iianalysis
-scope iiof iiwork
-Data iicollection ii- iiCorrect iiAnswers ii-Assignment iiconditions
Which iiof iithese iiactivities iidoes iithe iiconduct iisession iiof iithe iiethics iirule iiprohibit?
-criminal iiconduct
, -Objective iiopinions iiin iiappraisal iipractice
-valuation iiservices iioutside iiof iiappraisal iipractice
-Appraisal iiconsulting ii- iiCorrect iiAnswers ii-Criminal iiconduct
Which iiwould iinot iibe iiconsidered iia iicompetency iifactor iiin iia iiparticular iiassignment?
-analytical iimethod
-laws iiand iiregulations
-appraisers iicredentials
-intended iiuse ii- iiCorrect iiAnswers ii-Appraisers iicredentials
The iiconduct iisession iiof iithe iiethics iirule iirequires iithe iiappraiser iito iidisclose iiprevious
iiservices iias iian iiappraiser iior iiin iiany iicapacity iiregarding iithe iisubject iiproperty iifor
iiwhat iiperiod iiof iitime iiprior iito iiaccepting iian iiassignment ii- iiCorrect iiAnswers ii-Three
iiyears
And iiappraisers iipeer iiis iidefined iias ii- iiCorrect iiAnswers ii-Other iiappraisers iiwho iihave
iiexpertise iiand iicompetency iiin iia iisimilar iitype iiof iiassignment
According iito iithe iirecordkeeping iirule, iiwhat iiinformation iiis iinot iirequired iito iibe iiin iithe
iiwork iifile?
-documentation iito iisupport iithe iiappraisers iiopinion iiand iiconclusions
-specific iinames iiof iiother iiintended iiusers
-True iicopies iiof iiany iiwritten iireports
-references iito iithe iilocation iiof iiother iidocumentation iinot iiin iithe iiwork iifile ii- iiCorrect
iiAnswers ii-Specific iinames iiof iiother iiintended iiusers
Disclosure iiof iifees, iicommissions, iiand iithings iiof iivalue iigiven iiin iiconnection iiwith iithe
iiprocurement iiof iian iiassignment iimust iibe iidisclosed iiin iiwhat iipart iiof iia iireport iior
iispecific iidocument? ii- iiCorrect iiAnswers ii-Certification iiin iicertain iiletters iiof iitransmittal
When iian iiappraiser iiis iioffered iithe iiopportunity iito iiappraise iia iiproperty iifor iia iinew
iiclient iithat iiwas iithe iisubject iiof iia iiprior iiassignment, iiand iithe iiappraiser iiis iinot iibound
iito iikeep iithe iiprevious iiassignment iiconfidential, iithe iiappraiser iimust ii- iiCorrect
iiAnswers ii-Protect iiany iiconfidential iiinformation iifrom iithe iifirst iiassignment iiand
iidisclose iithe iiprior iiappraisal
Zachary's iiclient iiinstruction iito iireport iia iispecific iiproperty iivalue iias iia iicondition iiof iithe
iiassignment. iiThe iiassignment ii- iiCorrect iiAnswers ii-Is iia iiviolation iiof iithe iiethics iirule
If iian iiappraiser iiis iiunable iito iicomply iiwith iithe iicompetency iirule iito iicomplete iian
iiassignment iicompetently, iihe iiis iiobligated iito ii- iiCorrect iiAnswers ii-Decline iior
iiwithdraw iifrom iithe iiassignment
An iiappraiser iireview iiis iibest iidescribed iias iia(n) ii- iiCorrect iiAnswers ii-Opinion iiof iithe
iiquality iiof iianother iiappraisers iiwork
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