McKissock Liberty University -15-hour National USPAP Course - McKissock with 100% correct answers

15-hour National USPAP Course - USPAP contains what 4 sections? - correct answer 1) The Preamble 2) Definitions 3) Rules 4) Standards USPAP Provides... - correct answer 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 Foundation formed? - correct answer 1987 What are the 3 boards of The Appraisal Foundation? - correct answer - Board of Trustees (BOT) - Appraiser Qualifications Board (AQB) - Appraisal Standards Board (ASB) FIRREA - correct answer 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 ... - correct answer - Independence - Impartiality - Objectivity - Competency