If USPAP compliance is mandated by federal law, no state or local law can create a jurisdictional exception.

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Study for the McKissock 15hr National USPAP Test. Use flashcards and multiple-choice questions with hints and explanations. Get ahead in your appraisal career!

Multiple Choice

If USPAP compliance is mandated by federal law, no state or local law can create a jurisdictional exception.

Explanation:
Federal law setting USPAP as the standard for federally related transactions creates nationwide uniformity. FIRREA requires appraisals in federally related transactions to comply with USPAP, and when federal requirements apply, state and local laws cannot carve out exceptions for those cases because of constitutional preemption. So there isn’t room for a jurisdictional exception for federally related work. States may regulate other aspects or apply USPAP in non-federally related contexts, but they can’t override the federal rule for federally related appraisals.

Federal law setting USPAP as the standard for federally related transactions creates nationwide uniformity. FIRREA requires appraisals in federally related transactions to comply with USPAP, and when federal requirements apply, state and local laws cannot carve out exceptions for those cases because of constitutional preemption. So there isn’t room for a jurisdictional exception for federally related work. States may regulate other aspects or apply USPAP in non-federally related contexts, but they can’t override the federal rule for federally related appraisals.

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