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NATIONAL USPAP COURSE EXAM 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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NATIONAL USPAP COURSE EXAM 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
NATIONAL USPAP COURSE
Institution
NATIONAL USPAP COURSE
NATIONAL USPAP COURSE EXAM EXAM 2024-
2025 | ACTUAL EXAM WITH A STUDY
GUIDE AND PRACTICE EXAM | ACCURATE
REAL EXAM QUESTIONS AND ANSWERS |
GUARANTEED PASS | LATEST UPDATE |
GRADED A
NATIONAL USPAP COURSE EXAM EXAM 2024-
2025 | ACTUAL EXAM WITH A STUDY
GUIDE AND PRACTICE EXAM | ACCURATE
REAL EXAM QUESTIONS AND ANSWERS |
GUARANTEED PASS | LATEST UPDATE |
GRADED A
The Appraisal Foundation has the authority to enforce the requirements of USPAP. -
✔✔ANSW✔✔..False
Currently, the boards within the Appraisal Foundation include: -
✔✔ANSW✔✔..Appraisal Standards Board, Appraisal Qualifications Board, Board of
Trustees
Which of these would be considered an example of a jurisdictional exception in an
appraisal assignment? - ✔✔ANSW✔✔..A probate court paying appraisers based on the
value of the subject property
The requirements of STANDARD 1 can be used as a checklist by an appraiser who is
developing a real property appraisal. - ✔✔ANSW✔✔..true
What is false regarding Standard 1? - ✔✔ANSW✔✔..it covers real and personal
property development
An appraiser's client wishes to remain anonymous, and asks the appraiser not to
include client's identity in an appraisal report. What should the appraiser do? -
, ✔✔ANSW✔✔..Omit the client's identity from the report but document the client's identity
in the workfile
If a mortgage borrower receives a copy of an appraisal report from a mortgage lender
as a result of disclosure requirements: - ✔✔ANSW✔✔..this does not make the borrower
an intended user
When does a series of minor errors potentially result in a USPAP violation? -
✔✔ANSW✔✔..When the series of errors affects the credibility of the results
Exposure time is: - ✔✔ANSW✔✔..an opinion developed by an appraiser
What is true regarding exposure time? - ✔✔ANSW✔✔..It is always assumed to precede
the effective date of the appraisal.
When appraising a property with proposed improvements, what type of value opinion is
permitted by USPAP? - ✔✔ANSW✔✔..both current and prospective values
An example of a relevant property characteristic that could affect a real property
appraisal assignment would be: - ✔✔ANSW✔✔..The fact that the subject property is
affected by an easement
What is the primary purpose of an appraiser making an inspection of the subject
property? - ✔✔ANSW✔✔..To collect information about characteristics that are relevant
to value
Which Foundation board is responsible for USPAP? - ✔✔ANSW✔✔..Appraisal
Standards Board
Qualification criteria for appraiser certification and recertification are disseminated to
state appraisal boards by the: - ✔✔ANSW✔✔..Appraisal Qualifications Board
Which entity is responsible for establishing education and experience requirements for
licensing and certification of appraisers? - ✔✔ANSW✔✔..Appraisal Qualifications Board
Which entity appoints members of the AQB and ASB? - ✔✔ANSW✔✔..Board of
Trustees
USPAP is written, amended, and interpreted by the: - ✔✔ANSW✔✔..Appraisal
Standards Board
Advisory Opinions are best described as: - ✔✔ANSW✔✔..not part of USPAP, but
included as reference material
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