15-Hour USPAP Mckissock Exam Coverage;
USPAP course
Purpose, Structure, and Organization of
USPAP
Key Definitions (Appraisal, Assignment
Results, Intended Use, etc.)
Ethics Rule (Conduct, Management,
Confidentiality, Record Keeping)
Record Keeping Rule (Workfile
Requirements)
Competency Rule
Scope of Work Rule
Jurisdictional Exception Rule
Standards 1 & 2 - Real Property Appraisal
(Development & Reporting)
Standards 3 & 4 - Appraisal Review
,Standards 5 & 6 - Mass Appraisal
Standards 7 & 8 - Personal Property
Appraisal
Standards 9 & 10 - Business & Intangible
Asset Appraisal
Advisory Opinions (Application Guidance)
Frequently Asked Questions (USPAP
Clarifications)
Confidentiality & Intended Users
Certification Requirements
Reporting Options (Appraisal Report vs.
Restricted Appraisal Report)
Workfile Retention Period Requirements
Bias, Advocacy, and Independence
Requirements
Current USPAP Edition Updates (Most
Recent Cycle Changes)
,Why was USPAP developed? To promote and maintain a high level of
public trust as well as confidence in
professional appraisal practice
What are the benefits of 1) Provides a common basis for comparison
USPAP? (eg are we doing the appropriate work for
the type of assignment?)
2) Provides a reference source for all users
of the document.
3) Provides a basis for uniform enforcement
for state regulatory agencies.
4) Provides a reason for clients, other
intended users, and the public to place their
trust in the services performed by
professional appraisers.
, What is the role of the Appraisal To develop, interpret, and amend the
Standards Board (ASB) of The Uniform Standards of Professional Appraisal
Appraisal Foundation? Practice (USPAP).
What are the five sections of Preamble
USPAP? Definitions
Rules
Standards (Including Standards Rules)
Statements on Appraisal Standards
(currently no active statements)
Are the Advisory Opinions (AO) NO. These are reference materials of "Other
and the Frequently Asked Communications". They are for guidance
Questions (FAQ) a part of only. These communications do not
USPAP? establish new Standards or interpret
existing Standards and are not a part of
USPAP.
USPAP course
Purpose, Structure, and Organization of
USPAP
Key Definitions (Appraisal, Assignment
Results, Intended Use, etc.)
Ethics Rule (Conduct, Management,
Confidentiality, Record Keeping)
Record Keeping Rule (Workfile
Requirements)
Competency Rule
Scope of Work Rule
Jurisdictional Exception Rule
Standards 1 & 2 - Real Property Appraisal
(Development & Reporting)
Standards 3 & 4 - Appraisal Review
,Standards 5 & 6 - Mass Appraisal
Standards 7 & 8 - Personal Property
Appraisal
Standards 9 & 10 - Business & Intangible
Asset Appraisal
Advisory Opinions (Application Guidance)
Frequently Asked Questions (USPAP
Clarifications)
Confidentiality & Intended Users
Certification Requirements
Reporting Options (Appraisal Report vs.
Restricted Appraisal Report)
Workfile Retention Period Requirements
Bias, Advocacy, and Independence
Requirements
Current USPAP Edition Updates (Most
Recent Cycle Changes)
,Why was USPAP developed? To promote and maintain a high level of
public trust as well as confidence in
professional appraisal practice
What are the benefits of 1) Provides a common basis for comparison
USPAP? (eg are we doing the appropriate work for
the type of assignment?)
2) Provides a reference source for all users
of the document.
3) Provides a basis for uniform enforcement
for state regulatory agencies.
4) Provides a reason for clients, other
intended users, and the public to place their
trust in the services performed by
professional appraisers.
, What is the role of the Appraisal To develop, interpret, and amend the
Standards Board (ASB) of The Uniform Standards of Professional Appraisal
Appraisal Foundation? Practice (USPAP).
What are the five sections of Preamble
USPAP? Definitions
Rules
Standards (Including Standards Rules)
Statements on Appraisal Standards
(currently no active statements)
Are the Advisory Opinions (AO) NO. These are reference materials of "Other
and the Frequently Asked Communications". They are for guidance
Questions (FAQ) a part of only. These communications do not
USPAP? establish new Standards or interpret
existing Standards and are not a part of
USPAP.
