100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
15-hour National USPAP Course – McKissock Questions and Answers 100% Correct | Updated 2024 A+ CA$12.91   Add to cart
Quickly navigate to
Preview
  2.  
  3. McKissock
  4.  
  5. McKissock

Exam (elaborations)

15-hour National USPAP Course – McKissock Questions and Answers 100% Correct | Updated 2024 A+
 8 views  0 purchase
  • Course
  • McKissock
  • Institution
  • McKissock

15-hour National USPAP Course – McKissock Questions and Answers 100% Correct | Updated 2024USPAP contains what 4 sections? 1) The Preamble 2) Definitions 3) Rules 4) Standards USPAP Provides... 1. A common basis for comparison 2. A reference source for all users of the document 3. A bas...

[Show more]

Preview 3 out of 27  pages

Document information

  • June 29, 2024
  • 27
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • uspap provides
  • mckissock question
  • uspap
  • 15 h
  • 15 hour national uspap course mckissock question
  • 15 hour national uspap course
  • uspap contains what 4 sections
  • what year was the appraisal foundation formed

Written for

  • McKissock
All documents for this subject (224)

Seller

avatar-seller
ASolution

Reviews received

Content preview

Created By: A+ Solution


15-hour National USPAP Course – McKissock Questions
and Answers 100% Correct | Updated 2024


USPAP contains what 4 sections?

1) The Preamble

2) Definitions

3) Rules

4) Standards



USPAP Provides...

1. A common basis for comparison

2. A reference source for all users of the document

3. A basis for uniform enforcement for state regulatory agencies

4. A reason for clients, other intended users, and the public to place their trust in the services
performed by professional appraisers

What year was The Appraisal Foundation formed?

1987




What are the 3 boards of The Appraisal Foundation?

- Board of Trustees (BOT)

- Appraiser Qualifications Board (AQB)

- Appraisal Standards Board (ASB)




www.mytestbank.com

,Created By: A+ Solution


FIRREA

Financial Institutions Reform, Recovery, and Enforcement Act of 1989

Title XI created the Appraisal Subcommittee (ASC) of the Federal Financial Institutions
Examination Council (FFIEC).




An Appraiser must act with ...

- Independence

- Impartiality

- Objectivity

- Competency

- Integrity




Where does USPAP's legal authority come from?

Adoption, citation, or implementation by government agencies through regulation or
administrative actions, or by private enterprise in the form of contract requirements.

Since TAF is not a government agency, it cannot create legal oversight or enforcement on its
own.




What are the three categories of TAF sponsors?

1. Appraisal Sponsors, consisting of non-profit appraisal organizations serving appraisers;

2. Affiliate Sponsors, consisting of non-profit organizations serving those with an interest in
valuation, primarily users of appraisal services;

3. International Sponsors, consisting of either non-profit or non-stock organizations based
outside the U.S. with an interest in valuation.


www.mytestbank.com

, Created By: A+ Solution




What are the two advisory councils of TAF?

1. The Appraisal Foundation Advisory Council (TAFAC) made up of reps from non-profits and
gov't entities

2. The Industry Advisory Council (IAC) members from for-profit orgs.




Board of Trustees (BOT)

- Appoints members to its independent boards

- Secures funding for TAF operations

- Monitors performance and oversight of TAF and its Boards and Advisory Councils




The Appraiser Qualifications Board (AQB)

Establishes the minimum education, experience, and examination requirements an individual
must meet in order to become a licensed or certified appraiser.




The Appraisal Standards Board (ASB)

Develops, interprets, and amends the Uniform Standards of Professional Appraisal Practice
(USPAP).




FFIEC

The US Federal Financial Institutions Examination Council.



www.mytestbank.com

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller ASolution. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$12.91. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81113 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$12.91
  • (0)
  Add to cart