USPAP 15-Hour Exam 21 Questions with Answers,100% CORRECT
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Course
USPAP 15-Hour
Institution
USPAP 15-Hour
USPAP 15-Hour Exam 21 Questions with Answers
What was the name of the National Association of REALTORS when it was originally established in 1908? - CORRECT ANSWER National association of real estate exchanges
what was the name of the appraisal organization formed in 1932 that later became a ...
USPAP 15-Hour Exam 21 Questions with Answers
What was the name of the National Association of REALTORS when it was originally established in 1908? - CORRECT ANSWER National association of real estate exchanges
what was the name of the appraisal organization formed in 1932 that later became a founding sponsor of The Appraisal Foundation? - CORRECT ANSWER American Institute of Real Estate Appraisers
What label is associated with the day the stock market plummeted on October 29,
1929? - CORRECT ANSWER Black tuesday
Which historical event was the most influential to the formation of the Appraisal Foundation? - CORRECT ANSWER The savings and loan crisis of the 1980s.
What disciplines did the developers include in uspap? - CORRECT ANSWER All appraisal and review appraisal disciplines
what did the Ad-Hoc Committee believe was necessary in order to implement the standards they adopted? - CORRECT ANSWER Creation of a new organization.
what is the primary purpose of USPAP? - CORRECT ANSWER Promote and maintain public trust in appraisal practice.
Identify the statement that best describes the purpose of The Appraisal Foundation. - CORRECT ANSWER A nonprofit private organization established for educational and scientific purposes.
The Board of Trustees (BOT) of The Appraisal Foundation has two primary functions, the first to ensure that The Foundation is adequately financed. What is the other function? - CORRECT ANSWER To appoint members to the AQB, APB and the ASB.
Which federal law significantly helped USPAP gain public acceptance? - CORRECT ANSWER FIRREA
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