USPAP Chp 1 question n answers

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 answer Appraisal Standards Board, Appraiser Qualifications Board, Board of Trustees Which entity is responsible for establishing education and experience requirements for licensing and certification of appraisers? - correct answer Appraiser Qualifications Board (AQB) Qualification criteria for appraiser certification and recertification are disseminated to state appraisal boards by the: - correct answer Appraiser Qualifications Board (AQB) Which entity appoints members of the AQB and ASB? - correct answer Board of Trustees (BOT) USPAP is written, amended, and interpreted by the: - correct answer Appraisal Standards Board (ASB) Advisory Opinions are best described as - correct answer not part of USPAP, but included as reference material USPAP is enforced by: - correct answer State appraiser licensing/certification agencies Which is NOT a responsibility of the Appraisal Subcommittee (ASC)? - correct answer Writing, interpreting, and amending USPAP Which entity maintains the official National Registry of state-certified and licensed appraisers - correct answer Appraisal Subcommittee (ASC)