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15 HR National USPAP What is USPAP? - correct answer Uniform Standards of Professional Appraisal Practice Why was USPAP developed? - correct answer To promote and maintain a high level of public trust as well as confidence in professional appraisal practice What are the benefits of USPAP? - ...

2021 National USPAP CourseWhat are the two USPAP course mastery criteria? - correct answer accuracy and fluency Why was USPAP developed? - correct answer to promote/maintain a high level of public trust in appraisal practice What are the 4 sections in the USPAP document? - correct answer to...

National USPAP Course Exam The Appraisal Foundation has the authority to enforce the requirements of USPAP. - correct answer False Currently, the boards within the Appraisal Foundation include: - correct answer Appraisal Standards Board, Appraisal Qualifications Board, Board of Trustees Whi...

USPAP 15-Hour CourseThe Preamble states that USPAP is - correct answer for appraisers and users of appraisal services. The stated purpose of USPAP - correct answer Promote and maintain a high level of public trust in appraisal practice. When obligated by law or regulation an appraiser must -...

USPAP Final ExamThe Appraisal Foundation has the authority to enforce the requirements of USPAP. - correct answer False; The Appraisal Foundation is a private entity. The Foundation and its boards have no enforcement authority in any jurisdiction. Which Foundation board is responsible for USPAP?...

USPAP PRACTICE TESTSTANDARD 2 contains standards for: a. Real property appraisal review assignments b. Development and reporting of real property appraisals c. Reporting the results of real property appraisals * d. Development of real property appraisals - correct answer Reporting the results o...

2020-2021 15-hr National USPAP Course Who is responsible for issuing credentials to individual appraisers? - correct answer State appraiser regulatory agencies are responsible for receiving and processing applications for licensure and certification, and for issuing credentials to qualified indivi...

National USPAP Course ch. 7Which statement is FALSE regarding STANDARD 1? It covers real and personal property appraisal development. It can be used as a checklist for proper development. It mirrors the appraisal process. It contains six Standards Rules. - correct answer It covers real and pers...

National USPAP Course ch. 5Appraisers have broad _________ and significant _________ in determining the appropriate scope of work in an assignment. Errors, omissions Flexibility, responsibility Boundaries, limitations Acceptance, liability - correct answer Flexibility, responsibility The cre...

National USPAP Course ch. 11STANDARD 5 is most similar in structure to: STANDARD 1 An Advisory Opinion STANDARD 4 STANDARD 2 - correct answer STANDARD 1 STANDARD 5, Mass Appraisal, Development, applies to: Both real and personal property Personal property only Real property only Real pro...

National Appraisal USPAP #2AQB (Appraiser Qualifications Board) - correct answer Which of the following establishes minimum criteria for real property appraiser certification and licensing State regulatory agencies and professional appraisal organisations USPAP is enforced by - correct answer U...

National USPAP Course ch. 6What is the purpose of the JURISDICTIONAL EXCEPTION RULE? To provide a saving or severability clause to preserve the balance of USPAP To provide state appraisal regulatory agencies additional enforcement powers To allow USPAP to preempt existing laws and regulations - ...

USPAP Chp 1Which Foundation board is responsible for USPAP? - correct answer Appraisal Standards Board (ASB) The Appraisal Foundation has the authority to enforce the requirements of USPAP. - correct answer False Currently, the boards within The Appraisal Foundation include: - correct answe...

2020-2021 15-hr National USPAPWhich of the following establishes minimum criteria for real property appraiser certification and licensing? - correct answer Appraiser Qualifications Board The primary purpose of federal monitoring of state real estate appraiser licensing and certifying agencies is...