Mckissock USPAP Chapter 1 Q&A Latest Update

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Mckissock USPAP Chapter 1 | Q&A Latest 2025/2026 | 100% PASS USPAP Provides... - Answer -1. A common basis for comparison 2. A reference source for all users of the document 3. A basis for uniform enforcement for state regulatory agencies 4. A reason for clients, other intended users, and the public to place their trust in the services performed by professional appraisers USPAP Stands for - Answer -Uniform Standards of Professional Appraisal Practice Year Appraisal Foundation formed - Answer -1987 3 Boards of Appraisal Foundation - Answer -- Board of Trustees (BOT) - The Appraiser Qualifications Board (AQB) - The Appraisal Standards Board (ASB) - Appraisal Practices Board (APB) How does USPAP achieve legal authority - Answer -It achieves legal authority by adoption, citation, or implementation by government agencies through regulation or administrative actions, or by private enterprise in the form of contract requirements. Functions of the Board of Trustees (BOT) - Answer --Appoints Members to the APB, AQB, and ASB