National Course Exam
Exam Coverage;
Purpose and Structure of USPAP
Definitions Section
Ethics Rule (Conduct, Confidentiality,
Record Keeping)
Competency Rule
Scope of Work Rule
Jurisdictional Exception Rule
Record Keeping Rule
Advisory Opinions (Key Applications)
Frequently Asked Questions (USPAP
Guidance)
Standards 1 & 2 - Real Property Appraisal
Development and Reporting
,Standards 3 & 4 - Appraisal Review
Development and Reporting
Standards 5 & 6 - Mass Appraisal
Development and Reporting
Standards 7 & 8 - Personal Property
Appraisal
Standards 9 & 10 - Business and Intangible
Asset Appraisal
Appraisal vs. Appraisal Review vs. Restricted
Appraisal Report
Confidentiality and Intended Users
Workfile Requirements
Certification Requirements
Reporting Options and Required Content
Changes Between USPAP Editions (Current
Cycle Updates)
,USPAP Provides... 1. A common basis for comparison
2. A reference source for all users of the
document
3. A basis for uniform enforcement for state
regulatory agencies
4. A reason for clients, other intended users,
and the public to place their trust in the
services performed by professional
appraisers
What year was The Appraisal 1987
Foundation formed?
What are the 3 boards of The - Board of Trustees (BOT)
Appraisal Foundation? - Appraiser Qualifications Board (AQB)
- Appraisal Standards Board (ASB)
, FIRREA Financial Institutions Reform, Recovery, and
Enforcement Act of 1989
Title XI created the Appraisal Subcommittee
(ASC) of the Federal Financial Institutions
Examination Council (FFIEC).
An Appraiser must act with ... - Independence
- Impartiality
- Objectivity
- Competency
- Integrity