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USPAP 15-Hour Course Q&A Latest Update
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USPAP
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USPAP
USPAP 15-Hour Course Q&A Latest Update
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| Uploaded on: | May 12, 2025 |
| Last updated: | May 12, 2025 |
| Number of pages: | 19 |
| Written in: | 2025/2026 |
| Type: | Exam (elaborations) |
| Contains: | Questions & Answers |
| Tags: | USPAP 15-Hour Course Q&A Latest Update |
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USPAP 15-Hour Course | Q&A Latest Update 2025/2026 | 100% PASS The Preamble states that USPAP is - Answer -for appraisers and users of appraisal services. The stated purpose of USPAP - Answer -Promote and maintain a high level of public trust in appraisal practice. When obligated by law or regulation an appraiser must - Answer comply with USPAP. USPAP applies to which types of properties? - Answer -Tangible and Intangible Valuation services - Answer -is not a subset of appraisal practice. An appraiser has the professional responsibility - Answer -to identify the capacity in which he or she is performing. Reasons why an appraiser would prepare an appraisal assignment in conformance with USPAP - Answer -1. Agreement with client. 2. Law or regulation. 3. Voluntary choice. An appraiser who provides an appraisal service that is not an appraisal, appraisal review, or appraisal consulting assignment does not have workfile obligations associated with the assignment. - Answer -True
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