Exam (elaborations)
USPAP 15 Hour Course Review-PART 1 Exam Questions and Answers
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USPAP 15 Hour Course Review-PART 1 Exam Questions and Answers
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USPAP 15 Hour Course Review-PART 1Exam Questions and Answers
In ii1987 iiThe iiAppraisal iiFoundation ii(TAF) iiwas iiestablished. iiIt iiconsists iiof ii3 iiboards:
ii- iiAnswers ii-1. iiAQB- iiThe iiAppraiser iiQualifications iiBoard ii2. iiASB- iiThe iiAppraisal
iiStandards iiBoard ii3. iiBOT- iiThe iiBoard iiof iiTrustees
In ii2010 iia iiforth iiboard iiwas iiadded: ii- iiAnswers ii-4. iiAPB- iiAppraisal iiPractices iiBoard
Trust iiobligates iithe iiappraiser iito iiact iiin iithe iipublic iiinterest: ii- iiAnswers ii-
Independence, iiObjectivity/Impartiality, iiExperience, iiSpecialized iiKnowledge, iiIntegrity
The iiAppraisal iiFoundation iiIs iiNOT: ii- iiAnswers ii-1. iiA iiGovernment iiagency ii2. iiA
iiProfessional iiappraisal iiorganization ii3. iiA iiMembership iiorganization
The iiAppraisal iiFoundation iiIS: ii- iiAnswers ii-1. iiA iinon-profit iiorganization ii2. iiHas
iiauthority iifrom iicongress iiregarding iireal iiproperty iiappraisal iiqualifications iiand
iistandards
The iiAppraisal iiFoundation iihas iithree iiadvisory iicouncils: ii- iiAnswers ii-1. iiTAFAC- iiThe
iiAppraisal iiFoundation iiAdvisory iiCouncil ii2. iiIAC- iiIndustry iiAdvisory iiCouncil ii3. iiVGF-
Valuers iiGlobal iiForum ii(Formerly iithe iiInternational iiValuation iiCouncil)
The iiAppraisal iiStandards iiBoard ii(ASB): ii- iiAnswers ii-Amends, iiDevelops iiand
iiInterprets iiUSPAP
The iiAppraisal iiSubcommittee ii(ASC): ii- iiAnswers ii-Created iias iia iiresult iiof iiFIRREA.
iiASC iihas iia iisupervisory iirole iiover iistate iiagencies iiwith iithe iiduty iito iiensure iithat iithe
iifederal iigovernment iihas iisufficient iicontrols iiin iiplace iito iiprotect iifederally iiregulated
iifinancial iiinstitutions.
FIRREA: ii- iiAnswers ii-Financial iiInstitutions iiReform, iiRecovery iiand iiEnforcement iiAct
The iiASC iiis iinot iipart iiof iiTAF, iibut iihas iiauthority iifrom iiTitle iiXI iiof iiFIRREA iiTo: ii-
iiAnswers ii-Monitor iiTAF iiincluding iiAQB iiand iiASB iiregarding iiReal iiProperty iiIssues
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