USPAP Standards Exam Questions with Answers,100% CORRECT

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USPAP Standards Exam Questions with Answers STANDARD 1: REAL PROPERTY APPRAISAL, DEVELOPMENT - CORRECT ANSWER In developing a real property appraisal, an appraiser must identify the problem to be s... olved, determine the scope of work necessary to solve the problem, and correctly complete research and analyses necessary to produce a credible appraisal. STANDARD 2: REAL PROPERTY APPRAISAL, REPORTING - CORRECT ANSWER In reporting the results of a real property appraisal, an appraiser must communicate each analysis, opinion, and conclusion in a manner that is not misleading. STANDARD 3: APPRAISAL REVIEW, DEVELOPMENT AND REPORTING - CORRECT ANSWER In developing an appraisal review assignment, an appraiser acting as a reviewer must identify the problem to be solved, determine the scope of work necessary to solve the problem, and correctly complete research and analyses necessary to produce a credible appraisal review. In reporting the results of an appraisal review assignment, an appraiser acting as a reviewer must communicate each analysis, opinion, and conclusion in a manner that is not misleading. STANDARD 6: MASS APPRAISAL, DEVELOPMENT AND REPORTING - CORRECT ANSWER In developing a mass appraisal, an appraiser must be aware of, understand, and correctly employ those recognized methods and techniques necessary to produce an communicate credible mass appraisals. STANDARD 7: PERSONAL PROPERTY APPRAISAL, DEVELOPMENT - CORRECT ANSWER In developing a personal property appraisal, an appraiser must identify the problem to be solved, determine the scope of work necessary to solve the problem, and correctly complete research and analyses necessary to produce a credible appraisal. STANDARD 8: PERSONAL PROPERTY APPRAISAL, REPORTING - CORRECT ANSWER In reporting the results of a personal property appraisal, an appraiser must communicate each analysis, opinion, and conclusion in a manner that is not misleading. STANDARD 9: BUSINESS APPRAISAL, DEVELOPMENT - CORRECT ANSWER In developing an appraisal of an interest in a business enterprise or intangible asset, an appraiser must identify the problem to be solved, determine the scope of work necessary to solve the problem, and correctly complete the research and analyses necessary to produce a credible appraisal. STANDARD 10: BUSINESS APPRAISAL, REPORTING - CORRECT ANSWER In reporting the results of an appraisal of an interest in a business enterprise or intangible asset, an appraiser must communicate each analysis, opinion, and conclusion in a manner that is not misleading. [Show More]

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