An appraiser's peers are defined as other appraisers who:
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Have expertise and competency in a similar type of assignment
Which part of USPAP establishes the requirements for workfile content for an
appraisal or appraisal review assignment?
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RECORD KEEPING RULE
An appraiser's report must contain _________ to allow intended users to understand the
scope of work performed.
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Sufficient information
If an assignment involves a jurisdictional exception, what must an appraiser do?
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Identify the law, comply with the law, disclose in the report the part of
USPAP that is voided, and cite in the report the law that caused the
jurisdictional exception
An appraiser completes an appraisal and transmits the report to the client. The report
copy retained in the appraiser's workfile does not have a signature affixed to it. Is this
permissible under USPAP?
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No, a true copy must include a signature
, In order to perform an assignment for which an appraiser initially lacks the knowledge
and experience to complete competently, the appraiser must:
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Disclose to the client, prior to agreeing to perform the assignment, the lack
of knowledge or experience
In order to determine the appropriate scope of work, the appraiser must ________ the
problem to be solved.
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Identify
USPAP is enforced by:
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State appraiser licensing/certification agencies
To which property types does USPAP apply?
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Have expertise and competency in a similar type of assignment
Which part of USPAP establishes the requirements for workfile content for an
appraisal or appraisal review assignment?
,Give this one a try later!
RECORD KEEPING RULE
An appraiser's report must contain _________ to allow intended users to understand the
scope of work performed.
Give this one a try later!
Sufficient information
If an assignment involves a jurisdictional exception, what must an appraiser do?
Give this one a try later!
Identify the law, comply with the law, disclose in the report the part of
USPAP that is voided, and cite in the report the law that caused the
jurisdictional exception
An appraiser completes an appraisal and transmits the report to the client. The report
copy retained in the appraiser's workfile does not have a signature affixed to it. Is this
permissible under USPAP?
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No, a true copy must include a signature
, In order to perform an assignment for which an appraiser initially lacks the knowledge
and experience to complete competently, the appraiser must:
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Disclose to the client, prior to agreeing to perform the assignment, the lack
of knowledge or experience
In order to determine the appropriate scope of work, the appraiser must ________ the
problem to be solved.
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Identify
USPAP is enforced by:
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State appraiser licensing/certification agencies
To which property types does USPAP apply?
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