15hr national USPAP McKissock exam
questions and answers13
In order to determine the appropriate scope of work, the appraiser must ________ the problem
to be solved. - ANSWERS-Identify
Appraisers have broad _________ and significant _________ in determining the appropriate
scope of work in an assignment. - ANSWERS-Flexibility, responsibility
The credibility of assignment results is measured in the context of - ANSWERS-The intended use
Which Foundation board is responsible for USPAP? - ANSWERS-Appraisal Standards Board (ASB)
The Appraisal Foundation has the authority to enforce the requirements of USPAP. - ANSWERS-
False
The first step in the appraisal process is: - ANSWERS-Identify the problem
In USPAP, The appraisal process is divided into two distinct types of activity: ________ and
_______. - ANSWERS-Development, reporting
Which step in the appraisal process involves communication of the appraiser's opinions and
conclusions? - ANSWERS-Reporting
Which in tight city is responsible for establishing education and experience requirements for
licensing and certification of appraisers? - ANSWERS-Appraiser Qualifications Board (AQB)
, Qualification criteria for appraiser certification and recertification are disseminated to State
Appraisal boards by the: - ANSWERS-Appraiser Qualifications Board (AQB)
Which entitles the appoints members of the AQB and ASB? - ANSWERS-Board of Trustees (BOT)
USPAP is written, amended, and interpreted by the: - ANSWERS-Appraisal Standards Board
(ASB)
Advisory Opinion are best described as - ANSWERS-not part of USPAP, but included as
references material
USPAP is enforced by: - ANSWERS-State appraiser licensing/certification agencies
Which entity maintains the official National Registry of state certified and license appraisers? -
ANSWERS-Appraisal Subcommittee (ASC)
Who is responsible for issuing credentials to individual appraisers? - ANSWERS-State appraisal
regulatory agencies
Which is NOT a responsibility of the Appraisal Subcommittee (ASC)? - ANSWERS-Writing,
interpreting, and amending USPAP
Why are USPAP Advisory Opinions issued? - ANSWERS-offer advice
Which of these is considered an integral part of USPAP and has the same weight as the
components the address? - ANSWERS-Comments
Which part of USPAP establishes the requirements for workfile content for an appraisal or
appraisal review assignment? - ANSWERS-RECORD KEEPING RULE
questions and answers13
In order to determine the appropriate scope of work, the appraiser must ________ the problem
to be solved. - ANSWERS-Identify
Appraisers have broad _________ and significant _________ in determining the appropriate
scope of work in an assignment. - ANSWERS-Flexibility, responsibility
The credibility of assignment results is measured in the context of - ANSWERS-The intended use
Which Foundation board is responsible for USPAP? - ANSWERS-Appraisal Standards Board (ASB)
The Appraisal Foundation has the authority to enforce the requirements of USPAP. - ANSWERS-
False
The first step in the appraisal process is: - ANSWERS-Identify the problem
In USPAP, The appraisal process is divided into two distinct types of activity: ________ and
_______. - ANSWERS-Development, reporting
Which step in the appraisal process involves communication of the appraiser's opinions and
conclusions? - ANSWERS-Reporting
Which in tight city is responsible for establishing education and experience requirements for
licensing and certification of appraisers? - ANSWERS-Appraiser Qualifications Board (AQB)
, Qualification criteria for appraiser certification and recertification are disseminated to State
Appraisal boards by the: - ANSWERS-Appraiser Qualifications Board (AQB)
Which entitles the appoints members of the AQB and ASB? - ANSWERS-Board of Trustees (BOT)
USPAP is written, amended, and interpreted by the: - ANSWERS-Appraisal Standards Board
(ASB)
Advisory Opinion are best described as - ANSWERS-not part of USPAP, but included as
references material
USPAP is enforced by: - ANSWERS-State appraiser licensing/certification agencies
Which entity maintains the official National Registry of state certified and license appraisers? -
ANSWERS-Appraisal Subcommittee (ASC)
Who is responsible for issuing credentials to individual appraisers? - ANSWERS-State appraisal
regulatory agencies
Which is NOT a responsibility of the Appraisal Subcommittee (ASC)? - ANSWERS-Writing,
interpreting, and amending USPAP
Why are USPAP Advisory Opinions issued? - ANSWERS-offer advice
Which of these is considered an integral part of USPAP and has the same weight as the
components the address? - ANSWERS-Comments
Which part of USPAP establishes the requirements for workfile content for an appraisal or
appraisal review assignment? - ANSWERS-RECORD KEEPING RULE
