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7-Hr National USPAP Course with Complete Solutions Latest 2026-2027 (10pages)

EXAMS AND CERTIFICATIONS Feb 16, 2024
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The ASB considers suggestions for changes to USPAP from: - correct answer Appraisers, users of appraisal services, regulators, and others You have a suggestion for a change to USPAP, and you want to tell the ASB about it. When making your suggestion, it is helpful to the ASB if you: - correct answer Explain how the proposed change will enhance public trust in appraisal practice The ASB has received numerous public comment letters in response to an exposure draft. When considering these comments, the ASB's primary focus is: - correct answer The reasoning and insight presented in the letter The term "credible," as used in USPAP, refers to: - correct answer Appraisal development An appraisal reviewer uses the word "misleading" in relation to the work under review. Assuming the reviewer has used this term properly, the reviewer is referring to: - correct answer The report under review Assignment results in a real property appraisal assignment would include: - correct answer The highest and best use conclusion In a real property appraisal assignment, assignment conditions would NOT include: - correct answer Assignment due date The revision to the definition of Personal Property for 2020-21 was made for the purpose of: - correct answer Including items that are developed and stored electronically According to the definition of personal inspection in USPAP: - correct answer An appraiser is not expected to perform specialized testing or use special equipment An appraiser values a property based on viewing high-definition video footage shot from a drone piloted by the appraiser's assistant. The appraiser did not visit the property. The appraiser views and reviews the video footage so many times that she truly feels like she has been at the property. May the appraiser sign a certification indicating that she made a personal inspection of the subject property? - correct answer No, because the appraiser was never physically present at the property


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Category: EXAMS AND CERTIFICATIONS
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7-Hr National USPAP Course with Complete Solutions Latest 2026-2027 (10pages)

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