The Appraisal Foundation has the authority to enforce the requirements of USPAP.

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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

The Appraisal Foundation has the authority to enforce the requirements of USPAP.

Explanation:
USPAP is authored and maintained by the Appraisal Standards Board of The Appraisal Foundation, which sets the standards and guidance appraisers must follow. Enforcement, however, does not rest with The Appraisal Foundation. Instead, state appraisal regulatory agencies—licensing boards and other regulators—are responsible for enforcing USPAP. They require compliance as a condition of licensure or certification and can sanction appraisers who violate USPAP. So the statement that The Appraisal Foundation has enforcement authority is not accurate; enforcement lives with the regulatory authorities that oversee appraisers.

USPAP is authored and maintained by the Appraisal Standards Board of The Appraisal Foundation, which sets the standards and guidance appraisers must follow. Enforcement, however, does not rest with The Appraisal Foundation. Instead, state appraisal regulatory agencies—licensing boards and other regulators—are responsible for enforcing USPAP. They require compliance as a condition of licensure or certification and can sanction appraisers who violate USPAP. So the statement that The Appraisal Foundation has enforcement authority is not accurate; enforcement lives with the regulatory authorities that oversee appraisers.

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