National Appraisal USPAP #2
Study online at https://quizlet.com/_95c0yt
1. AQB (Appraiser Qualifications Board) Which of the fol-
lowing establishes
minimum criteria
for real property
appraiser certifica-
tion and licensing
2. State regulatory agencies and professional appraisal USPAP is en-
organisations USPAP is enforced by forced by
3. To illustrate the applicability of appraisal standards Why are Advisory
Opinions issued
4. It is nonbonding guidance material Which of the fol-
lowing best de-
scribes a Com-
ment to a Stan-
dards Rule?
5. Extraordinary Assumption Which one of the
following is an
assignment condi-
tion?
6. confidential information An appraiser has
received an as-
signment to ap-
praise several col-
lections where
only one rep-
resentative piece
is available to
be viewed for
each collection.
The appraiser has
been advised that
the collections are
complete. the ap-
praiser agrees to
, National Appraisal USPAP #2
Study online at https://quizlet.com/_95c0yt
perform the as-
signment. The re-
port MUST include
the disclosure of
the use of:
7. only valuation services that include an appraisal ser- Appraisal practice
vices that includes an appraisal or appraisal review is defined as:
8. competency of the appraiser Credibility is
judged in the con-
text of the:
9. client The party or par-
ties who engages
an appraiser in
a specific assign-
ment defines the:
10. Personal Property A tangible object
that is NOT real
estate is:
11. Hypothetical Condition That which is con-
trary to what is
known by the ap-
praiser to exist on
the effective date
of the assignment
results, but is sup-
posed for the pur-
pose of analysis is:
12. promote and maintain a high level of public trust The purpose of
USPAP is to:
13. Impartiality, objectivity, and independence without the An appraiser must
accommodation of personal interests perform assign-
ments with:
Study online at https://quizlet.com/_95c0yt
1. AQB (Appraiser Qualifications Board) Which of the fol-
lowing establishes
minimum criteria
for real property
appraiser certifica-
tion and licensing
2. State regulatory agencies and professional appraisal USPAP is en-
organisations USPAP is enforced by forced by
3. To illustrate the applicability of appraisal standards Why are Advisory
Opinions issued
4. It is nonbonding guidance material Which of the fol-
lowing best de-
scribes a Com-
ment to a Stan-
dards Rule?
5. Extraordinary Assumption Which one of the
following is an
assignment condi-
tion?
6. confidential information An appraiser has
received an as-
signment to ap-
praise several col-
lections where
only one rep-
resentative piece
is available to
be viewed for
each collection.
The appraiser has
been advised that
the collections are
complete. the ap-
praiser agrees to
, National Appraisal USPAP #2
Study online at https://quizlet.com/_95c0yt
perform the as-
signment. The re-
port MUST include
the disclosure of
the use of:
7. only valuation services that include an appraisal ser- Appraisal practice
vices that includes an appraisal or appraisal review is defined as:
8. competency of the appraiser Credibility is
judged in the con-
text of the:
9. client The party or par-
ties who engages
an appraiser in
a specific assign-
ment defines the:
10. Personal Property A tangible object
that is NOT real
estate is:
11. Hypothetical Condition That which is con-
trary to what is
known by the ap-
praiser to exist on
the effective date
of the assignment
results, but is sup-
posed for the pur-
pose of analysis is:
12. promote and maintain a high level of public trust The purpose of
USPAP is to:
13. Impartiality, objectivity, and independence without the An appraiser must
accommodation of personal interests perform assign-
ments with:
