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COMPREHENSIVE REVIEW FOR 15-HR NATIONAL USPAP COURSE EXAM | ACTUAL EXAM WITH A STUDY GUIDE AND PRACTICE EXAM | ACCURATE REAL EXAM QUESTIONS AND ANSWERS | GUARANTEED PASS | LATEST UPDATE | GRADED A$17.99
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COMPREHENSIVE REVIEW FOR 15-HR NATIONAL USPAP COURSE EXAM | ACTUAL EXAM WITH A STUDY GUIDE AND PRACTICE EXAM | ACCURATE REAL EXAM QUESTIONS AND ANSWERS | GUARANTEED PASS | LATEST UPDATE | GRADED A
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Course
15-HR NATIONAL USPAP COUR
Institution
15-HR NATIONAL USPAP COUR
COMPREHENSIVE REVIEW FOR 15-HR NATIONAL USPAP
COURSE EXAM | ACTUAL EXAM WITH A
STUDY GUIDE AND PRACTICE EXAM | ACCURATE
REAL EXAM QUESTIONS AND ANSWERS |
GUARANTEED PASS | LATEST UPDATE | GRADED A
COMPREHENSIVE REVIEW FOR 15-HR NATIONAL USPAP
COURSE EXAM 2024-2025 | ACTUAL EXAM WITH A
STUDY GUIDE AND PRACTICE EXAM | ACCURATE
REAL EXAM QUESTIONS AND ANSWERS |
GUARANTEED PASS | LATEST UPDATE | GRADED A
Which of the following statements BEST describes Advisory Opinions? -
✔✔ANSW✔✔..They are not part of USPAP but illustrate applicability and provide
guidance.
An appraisal that takes into consideration the full effect of known environmental
contamination would be considered: - ✔✔ANSW✔✔.."As-is"
Which of these is NOT one of the steps required by USPAP when an appraiser wishes
to perform an assignment for which he or she initially lacks the knowledge and
experience? - ✔✔ANSW✔✔..Use a hypothetical condition to complete the assignment
as though the appraiser already had the knowledge and experience
Three appraisers work together on an appraisal assignment. What would NOT be an
appropriate workfile arrangement under USPAP? - ✔✔ANSW✔✔..The workfile is
posted on the Internet, so that anyone who wants to see it will be able to access it.
The requirement to create and maintain a workfile for an appraisal or appraisal review
assignment applies to: - ✔✔ANSW✔✔..All appraisers, regardless of credential level
Currently, the boards within The Appraisal Foundation include: -
✔✔ANSW✔✔..Appraisal Standards Board, Appraiser Qualifications Board, Board of
Trustees
The Appraisal Foundation has the authority to enforce the requirements of USPAP. -
✔✔ANSW✔✔..False
Which Foundation board is responsible for USPAP? - ✔✔ANSW✔✔..Appraisal
Standards Board (ASB)
, Which entity appoints members of the AQB and ASB? - ✔✔ANSW✔✔..Board of
Trustees (BOT)
Which entity is responsible for establishing education and experience requirements for
licensing and certification of appraisers? - ✔✔ANSW✔✔..Appraiser Qualifications Board
(AQB)
Advisory Opinions are best described as - ✔✔ANSW✔✔..not part of USPAP, but
included as reference material
USPAP is written, amended, and interpreted by the: - ✔✔ANSW✔✔..Appraisal
Standards Board (ASB)
Who is responsible for issuing credentials to individual appraisers? -
✔✔ANSW✔✔..State appraisal regulatory agencies
USPAP is enforced by: - ✔✔ANSW✔✔..State appraiser licensing/certification agencies
Which is NOT a responsibility of the Appraisal Subcommittee (ASC)? -
✔✔ANSW✔✔..Writing, interpreting, and amending USPAP
Which of the following are responsibilities of the Appraisal Sub committee (ASC)? -
✔✔ANSW✔✔..Maintaining a National Registry of licensed and certified appraisers.
Monitoring the practices, procedures, and activities of The Appraisal Foundation.
Overseeing each state's appraiser licensing and certification program.
Which entity maintains the official National Registry of state-certified and licensed
appraisers? - ✔✔ANSW✔✔..Appraisal Subcommittee (ASC)
Which part of USPAP establishes the requirements for workfile content for an appraisal
or appraisal review assignment? - ✔✔ANSW✔✔..RECORD KEEPING RULE
Which of these is considered an integral part of USPAP and has the same weight as the
components they address? - ✔✔ANSW✔✔..Comments
Why are USPAP Advisory Opinions issued? - ✔✔ANSW✔✔..To offer advice
Which step in the appraisal process involves communication of the appraiser's opinions
and conclusions? - ✔✔ANSW✔✔..Reporting
In USPAP, the appraisal process is divided into two distinct types of activity: _________
and __________. - ✔✔ANSW✔✔..Development, reporting
The first step in the appraisal process is: - ✔✔ANSW✔✔..Identify the problem
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