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USPAP 15-hour course Exam Questions and Answers
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USPAP 15-hour course Exam Questions and Answers
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USPAP 15-hour course Exam Questionsand Answers
The iiconcept iiof iipublic iitrust iimeans iithat iian iiappraiser iimust iiact: ii- iiCorrect iiAnswers ii-
in iithe iipublic's iiinterest
USPAP iiestablishes iistandards iithat iiare iiapplicable iiin iithe iiappraisal iiof: ii- iiCorrect
iiAnswers ii-real iiproperty, iiintangible iiproperty, iiand iipersonal iiproperty
Which iistatement iiis iiTRUE iiregarding iiThe iiAppraisal iiFoundation iiand iiUSPAP
iienforcement iiauthority? ii- iiCorrect iiAnswers ii-The iiAppraisal iiFoundation iidoes iinot
iihave iithe iiauthority iito iienforce iithe iirequirements iiof iiUSPAP.
Which iientity iiis iiresponsible iifor iiestablishing iieducation iiand iiexperience iirequirements
iifor iilicensing iiand iicertification iiof iiappraisers? ii- iiCorrect iiAnswers ii-Appraiser
iiQualifications iiBoard ii(AQB)
Qualification iicriteria iifor iiappraiser iicertification iiand iirecertification iiare iidisseminated
iito iistate iiappraisal iiboards iiby iithe: ii- iiCorrect iiAnswers ii-Appraiser iiQualifications
iiBoard ii(AQB)
Which iientity iiappoints iimembers iiof iithe iiFoundation's iiindependent iiBoards? ii- iiCorrect
iiAnswers ii-Board iiof iiTrustees ii(BOT)
USPAP iiis iideveloped, iiinterpreted, iiand iiamended iiby iithe: ii- iiCorrect iiAnswers ii-
Appraisal iiStandards iiBoard ii(ASB)
Advisory iiOpinions iiare iibest iidescribed iias ii- iiCorrect iiAnswers ii-Not iipart iiof iiUSPAP,
iibut iiincluded iias iireference iimaterial
The iiASB iiis iiconsidering iicomment iiletters iiwritten iiby iimembers iiof iithe iipublic
iiregarding iia iiproposed iirevision iito iiUSPAP. iiWhen iireviewing iithese iicomment iiletters,
iithe iiASB iifocuses iion: ii- iiCorrect iiAnswers ii-The iireasoning iiand iiinsight iipresented iiin
iithe iiletter
Which iiis iiNOT iia iiresponsibility iiof iithe iiAppraisal iiSubcommittee ii(ASC)? ii- iiCorrect
iiAnswers ii-Developing, iiamending, iiand iiinterpreting iiUSPAP
, Who iiis iiresponsible iifor iiissuing iicredentials iito iiindividual iiappraisers? ii- iiCorrect
iiAnswers ii-State iiappraisal iiregulatory iiagencies
Under iiFIRREA, iiUSPAP iiis iienforced iiby: ii- iiCorrect iiAnswers ii-State iiappraiser
iilicensing/certification iiagencies
Which iientity iimaintains iithe iiofficial iinational iiregistry iiof iistate-certified iiand iilicensed
iiappraisers? ii- iiCorrect iiAnswers ii-Appraisal iiSubcommittee ii(ASC)
In iiUSPAP, iithe iiappraisal iiprocess iiis iidivided iiinto iitwo iidistinct iitypes iiof iiactivity:
ii_________ iiand ii__________. ii- iiCorrect iiAnswers ii-development, iireporting
Which iistep iiin iithe iiappraisal iiprocess iiinvolves iicommunication iiof iithe iiappraiser's
iiopinions iiand iiconclusions? ii- iiCorrect iiAnswers ii-reporting
The iifirst iistep iiin iithe iiappraisal iiprocess iiis: ii- iiCorrect iiAnswers ii-Identify iithe iiproblem
A iipreference iior iiinclination iithat iiprecludes iian iiappraiser's iiimpartiality, iiindependence,
iior iiobjectivity iiis: ii- iiCorrect iiAnswers ii-bias
An iiappraiser iiis iinot iipermitted iito iibe ii____________ iiwhen iiperforming iian iiappraisal.
ii- iiCorrect iiAnswers ii-an iiadvocate
conveys iia iimental iistate iithat iidoes iinot iifavor iione iiside iiover iianother iiat iithe iioutset iiof
iian iiinvestigation iiis iiwhat? ii- iiCorrect iiAnswers ii-impartiality
representing iithe iicause iior iiinterest iiof iianother, iieven iiif iithat iicause iior iiinterest iidoes
iinot iinecessarily iicoincide iiwith iione's iiown iibeliefs, iiopinions, iiconclusions, iior
iirecommendations iiis iiwhat? ii- iiCorrect iiAnswers ii-advocacy
If iian iiappraiser iiassumes iia iicondition iito iibe iitrue, iiand iievidence iisupports iithat iibelief,
iialthough iithat iifact iiis iinot iicertain, iithis iiis iian iiexample iiof: ii- iiCorrect iiAnswers ii-an
iiextraordinary iiassumption
If iian iiappraiser iiassumes iia iicondition iito iibe iitrue iithat iidoes iinot iiexist iifor iithe
iipurposes iiof iianalysis, iithis iiis iian iiexample iiof: ii- iiCorrect iiAnswers ii-hypothetical
iicondition
The iiterms iiextraordinary iiassumption iiand iihypothetical iicondition: ii- iiCorrect iiAnswers
ii-Have iidifferent iimeanings iiwithin iiUSPAP
By iiusing iia iipublished iicost iimanual, iian iiappraiser iidetermines iithat iithe iiconstruction
iicost iiof iia ii2,500 iisquare iifoot iidwelling iiis ii$400,000. iiThis iifigure iirepresents iithe
iidwelling's: ii- iiCorrect iiAnswers ii-cost
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