Assignment conditions include:
a. The length of time given to the appraiser to complete the assignment
b. The amount of the appraiser's fee
c. Laws and
... [Show More] regulations that affect the assignment
d. All of the answers listed
Appraisers are permitted by USPAP to disclose confidential information or assignment results to any of these parties EXCEPT:
a. The client
b. Persons specifically authorized by the client
c. State appraiser regulatory agencies
d. The subject property owner of record
A written appraisal report prepared under USPAP must specify two dates: the _________ and the _________.
a. Effective date; inspection date
b. Inspection date; signature date
c. Effective date; date of report
d. Effective date; date of value
The scope of work is acceptable when it meets expectations of parties who are regular intended users, and:
a. If the value conclusion meets the client's estimated value
b. What an appraiser's peers' actions would be
c. What the appraiser had agreed to do in the engagement letter
d. What the state appraisal regulatory agency would require
In developing an appraisal, an appraiser assumes a condition to be true that is contrary to what is known by the appraiser to exist on the effective date. This is an example of:
a. A limiting condition
b. A hypothetical condition
c. An extraordinary assumption
d. An appraiser's certification
An appraiser must comply with USPAP when required by:
a. Regulation
b. Any of the answers listed
c. Agreement with the client
d. Law
USPAP provides standards for the appraisal of what property type(s)?
a. Real and personal property only
b. Real property only
c. Personal property only
d. Real property, personal property, and intangible (business) property
STANDARD 1 of USPAP addresses:
a. Mass appraisal development and reporting
b. Real property appraisal development
c. Real property appraisal reporting
d. Personal property appraisal development
An appraiser is preparing a real property appraisal report using a client-generated form that includes a pre-printed certification. This pre-printed certification does not contain all of the elements required by Standards Rule 2-3. What should the appraiser do?
a. Include a supplemental certification in the report that contains the remaining required certification elements
b. Withdraw from the assignment
c. Use the form required by the client, and be careful not to modify or append it in any way
d. Use a non-client-approved form to report the appraisal results
An appraiser must prepare a workfile for:
a. Only appraisal assignments
b. All assignments, whether they are part of appraisal practice or not
c. Only appraisal and appraisal review assignments
d. All assignments that are part of appraisal practice [Show Less]