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Standard 6 deals with what topic?
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According the USPAP, how many years must an appraiser keep an appraisal workfile?
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Who is responsible for determining the Scope of Work on an appraisal assignment?
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Joe, a local real estate appraiser, is asked to perform an appraisal that will be used in a court case regarding a tax appeal. Joe is to be paid based on a percentage of tax savings gained. Which of the following is true?
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When an appraiser is preparing for any service that is not an appraisal or an appraisal review, he or she must _________ and insert a certification statement in the report.
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A client asks an appraiser to appraise a nursing home but the appraiser has never appraised a nursing home before and does not know how. Can the appraiser accept this assignment?
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If the subject property, such as a single-family dwelling, has sold more than once in the three (3) years prior to the effective date of the appraisal, am I required to analyze all of the sales, or just the most recent sale?
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Can a pending sale be used as a comparable if the fact that the sale is pending is disclosed in the appraisal report?
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Is it true that Advisory Opinions are not part of USPAP?
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For a real property appraisal, I know that USPAP requires an appraiser to develop a reconciliation of the approaches to value that are used in an assignment. Does USPAP require the appraiser to reconcile the data utilized within each approach to value?
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A month after you submit the appraisal to your client, he asks you to discount your fee because his loan did not close. Does USPAP allow this?
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Are personal property appraisers required to comply with USPAP?
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Which of the following would involve a Standard 3 review?
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Which USPAP rule acts as a "severability clause"?
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True or False: An appraiser must obtain the necessary competency prior to accepting the assignment.
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Mary is an appraiser and a real estate broker. A client asks Mary to provide a valuation service as a real estate broker. What part of USPAP must Mary adhere to?
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The ___________ Rule establishes the work-file requirements for appraisal and appraisal review assignments.
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How many Standards are there in USPAP? (trick question)
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According to USPAP, the appraiser's primary responsibility is:
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True or False: Standards 4 & 5 are not applicable to any part of the appraisal process.
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Does a "jurisdictional exception" allow an appraiser to disregard the requirements of USPAP?
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Is maintaining only electronic workfiles (PDF copies) prohibited by USPAP?
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Which of the following statements best describes a hypothetical condition?
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Herman has accepted an assignment from a client to review another appraisers work. What Standard in USPAP must be adhered to in regards to the review assignment?
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What Rule mandates that an appraiser must have a workfile in existence prior to the issuance of any report is contained in which part of USPAP?
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_________is defined as an opinion of the amount of time it might take to sell a real or personal property interest.
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An appraiser advertises to prospective clients that if their loans do not close, they do not have to pay the appraisal fee. Which of the following is true?
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A real estate broker preforms a BPO (Brokers Price Opinion). Does this need to conform to USPAP?
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What Standard (s) establish requirements for the development and communication of a personal property appraisal?
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Is turnaround time an assignment condition?
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I am currently working in an appraisal firm as a trainee. As part of my training I contribute significant real property appraisal assistance in appraisal assignments performed by other appraisers in the firm, but I do not sign the appraisal report or the certification. I understand that my name must be stated in the certification.
Must the certification include a description of my assistance?
Must the certification include a description of my assistance?
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I was recently asked to perform a real property appraisal assignment, but the
individual that contacted my firm was not the client and indicated that the client
could not be identified. Can I accept this assignment and comply with USPAP?
individual that contacted my firm was not the client and indicated that the client
could not be identified. Can I accept this assignment and comply with USPAP?
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True or False : USPAP requires you to make an adjustment to the subject if it is being sold under unusual financing conditions.
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Identifiable tangible objects that are considered by the general public as being "personal" for example, furnishings, artwork, machinery and equipment. This is the definition of what?
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The ______ Rule sets forth the requirements for integrity, impartiality, objectivity, independent judgement and ethical content.
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According to USPAP, which of the following statements is considered to be Confidential Information?
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Is the following statement true or false? An appraiser can prepare a retrospective appraisal, with an effective date of value as of 10 years ago, even if that appraiser wasn't an appraiser at that time.
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Which of the following is an example of a hypothetical condition?
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Which of the following require a signed certification in the report?
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The interests, benefits, and rights inherent in the ownership of real estate is defined as:
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If I will be conducting an auction of the subject property after the appraisal, does this have to be disclosed?
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Which of the examples below an example of "substantial error of omission?"
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In a real property Appraisal Report, an appraiser must ____ the rationale and reasoning for the opinion highest and best use.
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Prior to accepting an assignment, an appraiser must disclose any service he provided regarding the subject property for a period of ________ years
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_______ has complete authority over the development of USPAP within The Appraisal Foundation.
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The first step in reviewing appraisal work is:
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Which of the following statements best describes a feasibility analysis?
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An appraiser's opinions and conclusions developed specific to an assignment is called what?
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What do USPAP Standards 9 & 10 deal with?
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The effective date of an appraisal can be:
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USPAP 2016/2017
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