USPAP Exam EXAM LATEST 2023-2024
ACTUAL EXAM QUESTIONS AND CORRECT
ANSWERS (VERIFIED ANSWERS) |ALREADY
GRADED A+
The Appraisal Foundation has the authority to enforce the
requirements of USPAP - CORRECT ANSWER FALSE
Currently, the boards within The Appraisal Foundation
include - CORRECT ANSWER Appraisal Standards
Board (ASB), Appraiser Qualifications Board (AQB), Board
of Trustees (BoT)
Which Foundation board is responsible for USPAP -
CORRECT ANSWER Appraisal Standards Board (ASB)
Which entity appoints members of the AQB and ASB -
CORRECT ANSWER Board of Trustees (BoT)
Qualification criteria for appraiser certification and
recertification are disseminated to state appraisal boards
by the - CORRECT ANSWER Appraiser Qualifications
Board (AQB)
Which entity is responsible for establishing education and
experience requirements for licensing and certification of
appraisers - CORRECT ANSWER Appraiser
Qualifications Board (AQB)
USPAP is written and amended by the - CORRECT
ANSWER Appraiser Standards Board (ASB)
Advisory Opinions are best described as - CORRECT
ANSWER Not part of USPAP, but included as reference
material
USPAP is enforced by - CORRECT ANSWER State
appraiser licensing/certification agencies
Who is responsible for issuing credentials to individual
appraisers - CORRECT ANSWER State appraisal
regulatory agencies
Which entity maintains the official National Registry of
state-certified and licensed appraisers - CORRECT
ANSWER Appraisal Subcommittee (ASC)
Which is NOT a responsibility of the Appraisal
Subcommittee (ASC) - CORRECT ANSWER Writing,
Interpreting, and amending USPAP
Which of these is considered an integral part of USPAP
and has the same weight as the components they address
- CORRECT ANSWER Comments
Why are USPAP Advisory Opinions issued - CORRECT
ANSWER To offer advice
Which part of USPAP established the requirements for
workfile content for an appraisal or appraisal r
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