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15 HR National USPAP Exam Questions and Answers
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15 HR National USPAP Exam Questions and Answers
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15 HR National USPAP Exam Questionsand Answers
What iiis iiUSPAP? ii- iiAnswers ii-Uniform iiStandards iiof iiProfessional iiAppraisal iiPractice
Why iiwas iiUSPAP iideveloped? ii- iiAnswers ii-To iipromote iiand iimaintain iia iihigh iilevel iiof
iipublic iitrust iias iiwell iias iiconfidence iiin iiprofessional iiappraisal iipractice
What iiare iithe iibenefits iiof iiUSPAP? ii- iiAnswers ii-1) iiProvides iia iicommon iibasis iifor
iicomparison ii(eg iiare iiwe iidoing iithe iiappropriate iiwork iifor iithe iitype iiof iiassignment?)
2) iiProvides iia iireference iisource iifor iiall iiusers iiof iithe iidocument. ii
3) iiProvides iia iibasis iifor iiuniform iienforcement iifor iistate iiregulatory iiagencies. ii
4) iiProvides iia iireason iifor iiclients, iiother iiintended iiusers, iiand iithe iipublic iito iiplace
iitheir iitrust iiin iithe iiservices iiperformed iiby iiprofessional iiappraisers.
What iiis iithe iirole iiof iithe iiAppraisal iiStandards iiBoard ii(ASB) iiof iiThe iiAppraisal
iiFoundation? ii- iiAnswers ii-To iidevelop, iiinterpret, iiand iiamend iithe iiUniform iiStandards
iiof iiProfessional iiAppraisal iiPractice ii(USPAP).
What iiare iithe iifive iisections iiof iiUSPAP? ii- iiAnswers ii-Preamble
Definitions
Rules
Standards ii(Including iiStandards iiRules)
Statements iion iiAppraisal iiStandards ii(currently iino iiactive iistatements)
Are iithe iiAdvisory iiOpinions ii(AO) iiand iithe iiFrequently iiAsked iiQuestions ii(FAQ) iia iipart
iiof iiUSPAP? ii- iiAnswers ii-NO. iiThese iiare iireference iimaterials iiof ii"Other
iiCommunications". iiThey iiare iifor iiguidance iionly. iiThese iicommunications iido iinot
iiestablish iinew iiStandards iior iiinterpret iiexisting iiStandards iiand iiare iinot iia iipart iiof
iiUSPAP.
Who iienforces iithe iiadherence iiand iicontent iiof iiUSPAP? ii- iiAnswers ii-State iiand
iiFederal iiRegulatory iiAuthorities
Who iiappoints iithe iiASB ii(Appraisal iiStandards iiBoard)? ii- iiAnswers ii-Members iiare
iiappointed iiby iithe iiBOT ii(Board iiof iiTrustees)
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