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USPAP 15-hour course Questions and Answers 100% Pass
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Appraisal ✔✔The act or process of developing an opinion of value Appraisal practice ✔✔Valuation services performed by an individual acting as appraiser; including but not limited appraisal ... and appraisal review Appraisal review ✔✔The act or process of developing an opinion about the quality of another's appraisers work Appraiser ✔✔One who is expected to perform valuation services competently in a manner that is INDEPENDENT IMPARTIAL & OBJECTIVE Appraisers peers ✔✔Other appraisers who have expertise and competency in similar assignment Assignments ✔✔An agreement between appraiser and client to provide valuation service Assignment results ✔✔Appraisers opinions or conclusions developed on specific assignment Assumptions ✔✔That which is taken to be true Bias ✔✔A preference that precludes appraiser from being impartial, independent and objective Business enterprises ✔✔Entity pursuing an economic activity Business equity ✔✔Interest, benefits, rights inherent in the ownership of a business enterprise Client ✔✔The party or parties who engage, by employment or contract, an appraiser in a specific assignment. confidential information ✔✔Information that is either:private by law, identified by the client and is not available by any other source Cost ✔✔Amount required to create, produce or obtain property Credible ✔✔Worthy of belief [Show More]
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