7-Hr National USPAP Course Exam Questions and Answers 100% Pass

7-Hr National USPAP Course Exam Questions and Answers 100% Pass B The ASB considers suggestions for changes to USPAP from: - Answer- Appraisers, users of appraisal services, regulators, and others You have a suggestion for a change to USPAP, and you want to tell the ASB about it. When making your suggestion, it is helpful to the ASB if you: - Answer- Explain how the proposed change will enhance public trust in appraisal practice The ASB has received numerous public comment letters in response to an exposure draft. When considering these comments, the ASB's primary focus is: - Answer- The reasoning and insight presented in the letter The term "credible," as used in USPAP, refers to: - Answer- Appraisal development An appraisal reviewer uses the word "misleading" in relation to the work under review. Assuming the reviewer has used this term properly, the reviewer is referring to: - Answer- The report under review Assignment results in a real property appraisal assignment would include: - Answer- The highest and best use conclusion In a real property appraisal assignment, assignment conditions would NOT include: - Answer- Assignment due date The revision to the definition of Personal Property for 2020-21 was made for the purpose of: - Answer- Including items that are developed and stored electronically According to the definition of personal inspection in USPAP: - Answer- An appraiser is not expected to perform specialized testing or use special equipment An appraiser values a property based on viewing high-definition video footage shot from a drone piloted by the appraiser's assistant. The appraiser did not visit the property. The appraiser views and reviews the video footage so many times that she truly feels like she has been at the property. May the appraiser sign a certification indicating that she made a personal inspection of the subject property? - Answer- No, because the appraiser was never physically present at the property The definition of misleading in the 2020-21 USPAP specifies that a misrepresentation, misstatement, or concealment of relevant facts or conclusions: - Answer- May be intentional or unintentional Features that affect a property's value or marketability are: - Answer- Relevant characteristics An appraiser inserts this statement in an appraisal report. "The dwelling has one bedroom and therefore does not meet the demands of typical buyers in its market." What is this statement? - Answer- Both a physical characteristic and an assignment result Physical characteristics are best described as: - Answer- Facts An appraiser is developing a market value appraisal. What should he or she do with regard to the definition of value? - Answer- Identify the definition of market value that is appropriate for the assignment In a real property appraisal assignment, assignment conditions would NOT include: - Answer- Assignment due date One who is expected to render valuation services competently and in a manner that is independent, impartial, and objective, is the definition of: - Answer- Appraiser Assignment elements include all of the following except: - Answer- Due date for report submission An appraiser completes an appraisal on a property, using a current effective date, and transmits the report to the client. The client subsequently requests the appraiser to revise the appraisal to change the effective date to a retrospective date. May the appraiser comply with this request as part of the original assignment? - Answer- No, changing the effective date results in a new assignment An appraiser is offered an appraisal review assignment by a potential