USPAP Chapter 2 Latest 2023 Graded A+
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✔✔should An individual _____________ comply with USPAP when required by law, regulation, or agreement (with the client of other intended users) ✔✔must To which property types does USPAP ... apply? A. intangible property only B. both tangible and intangible property C. none of these answers D. tangible property only ✔✔B The preamble states that the USPAP is intended to benefit: A. borrowers in mortgage-lending appraisal assignments B. appraisers and users of appraisal services C. users of appraisal services only D. appraisers only ✔✔B What is the stated purpose of USPAP? A. Establish requirements that licensed and certified appraisers must follow B. establish a federal appraisal enforcement agency C. promote and maintain a high level of public trust in appraisal practice ✔✔C A service pertaining to an aspect of property value, regardless of the type of service and whether it is performed by appraisers or by others ✔✔valuation service Valuation services performed by an individual acting as an appraiser including, but not limited to appraisal or appraisal review ✔✔appraisal practice Valuation services are performed by who? ✔✔appraisers and others Appraisal practice is performed by who? ✔✔appraisers only The requirement for USPAP compliance in an appraisal assignment could be the result of: A. agreement with the client [Show More]
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