100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
USPAP 15-Hour Course Latest Update Actual Exam from Credible Sources with 175 Questions and Verified Correct Answers Golden Ticket to Guaranteed A+ Verified by Professor$20.49
Add to cart
USPAP 15-Hour Course Latest Update Actual Exam from Credible Sources with 175 Questions and Verified Correct Answers Golden Ticket to Guaranteed A+ Verified by Professor
8 views 0 purchase
Course
USPAP 15-Hour Course
Institution
USPAP 15-Hour Course
USPAP 15-Hour Course Latest Update Actual Exam from Credible Sources with 175 Questions and Verified Correct Answers Golden Ticket to Guaranteed A+ Verified by Professor
USPAP 15-Hour Course Latest Update 20242025
Actual Exam from Credible Sources with 175
Questions and Verified Correct Answers Golden
Ticket to Guaranteed A+ Verified by Professor
1. Limits the scope of work to the extent that the value opinion is not credible.
2. Precludes an appraiser's impartiality.
3. Limits report content, resulting in a misleading report. - CORRECT ANSWER:
Unacceptable assignment condition.
12. USPAP divides the appraisal process into two distinct types of activity: - CORRECT
ANSWER: Develop and report
2-Stage - CORRECT ANSWER: An appraisal review can be a _______________
assignment; an appraisal review and a value opinion by the reviewer.
3 - CORRECT ANSWER: Under STANDARD 8, a personal property appraiser has
_________ different report options.
3 years - CORRECT ANSWER: Prior to accepting an assignment, an appraiser must
disclose any service he provided regarding the subject property for a period of
6 Standard Rules - CORRECT ANSWER: Standard 1 contains this many rules.
A prospective appraisal - CORRECT ANSWER: Developing an opinion of value of a
property as of a specific future date is:
A reasonable and applicable time - CORRECT ANSWER: When appraising personal
property, the appraiser must analyze prior sales of the subject over what time period?
,A signed certification must be inserted into the workfile - CORRECT ANSWER: If a
reviewer provides an oral report of an appraisal review:
Advisory opinions - CORRECT ANSWER: Not part of USPAP; reference material only.
All oral and written reports covered in USPAP - CORRECT ANSWER: Which reports
require a signed certification?
All sales of the subject property that occurred within 3 years of the effective date of the
appraisal. - CORRECT ANSWER: When analyzing the subject property's sales history
in a real property appraisal assignment, an appraiser is required by USPAP to analyze
An appraiser has been asked to complete an appraisal assignment. The fee is to be
paid when when the loan closes. According to USPAP, may the appraiser accept the
assignment under the conditions? - CORRECT ANSWER: No
An appraiser has the professional responsibility - CORRECT ANSWER: to identify the
capacity in which he or she is performing.
An appraiser is engaged to teach an appraisal course. What parts of USPAP apply? -
CORRECT ANSWER: The parts of USPAP that apply generally to appraisal practice.
An appraiser must document the client's identity in the workfile. - CORRECT ANSWER:
If a client wishes to remain anonymous the appraiser must:
An appraiser must obtain the necessary competency prior to accepting the assignment.
- CORRECT ANSWER: False
An appraiser prepared an appraisal report in April 2009. He testified in court regarding
the value of the property in January 2010. The decision was rendered in February 2010
and was appealed in March 2010. The appellate court heard the case in January 2011
and remanded the case for reconsideration by the lower court final disposition of the
, case occurred in Sept 2011. At a minimum, how long must the appraiser retain his
workfile? - CORRECT ANSWER: April 2014
An appraiser who provides an appraisal service that is not an appraisal, appraisal
review, or appraisal consulting assignment does not have workfile obligations
associated with the assignment. - CORRECT ANSWER: True
An appraiser's peers - CORRECT ANSWER: Others who have expertise and
competency in a similar type of assignment.
An assignment condition may require an appraiser to develop an approach that he or
she would otherwise consider unnecessary. - CORRECT ANSWER: USPAP and the 3
approaches to value.
An individual is not prohibited from providing valuation services that involve advocacy
while acting as an appraiser. - CORRECT ANSWER: False
Analyzed in the appraisal - CORRECT ANSWER: If an appraiser is asked to appraise a
property on which there is known, current agreement of sale, the agreement must be
APB - CORRECT ANSWER: Guidance is voluntary.
APB is a - CORRECT ANSWER: private entity.
Appraisal Report or Restricted Use Appraisal Report - CORRECT ANSWER: A written
business appraisal report must be prepared in accordance with:
Appraisal Review
Appraisal
Real Property Appraisal Consulting - CORRECT ANSWER: Under STANDARD 3, what
can be reviewed?
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Tutordiligent. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $20.49. You're not tied to anything after your purchase.
