What is the purpose of the Jurisdictional Exception Rule?

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

What is the purpose of the Jurisdictional Exception Rule?

Explanation:
The Jurisdictional Exception Rule is about keeping USPAP intact when a local law or regulation conflicts with it. It provides a saving or severability mechanism that lets an appraiser follow the law in that jurisdiction while preserving the rest of USPAP. When a jurisdiction requires something that differs from USPAP or prohibits a USPAP element, the appraiser notes the jurisdictional exception in the report, cites the specific law, and continues to apply the USPAP portions that aren’t in conflict. This approach maintains the overall integrity and balance of USPAP, ensuring the appraisal remains credible and compliant to the extent possible. It’s not about suspending USPAP or removing disclosures in every situation; it’s about isolating the conflicting part and preserving the rest of USPAP.

The Jurisdictional Exception Rule is about keeping USPAP intact when a local law or regulation conflicts with it. It provides a saving or severability mechanism that lets an appraiser follow the law in that jurisdiction while preserving the rest of USPAP. When a jurisdiction requires something that differs from USPAP or prohibits a USPAP element, the appraiser notes the jurisdictional exception in the report, cites the specific law, and continues to apply the USPAP portions that aren’t in conflict. This approach maintains the overall integrity and balance of USPAP, ensuring the appraisal remains credible and compliant to the extent possible. It’s not about suspending USPAP or removing disclosures in every situation; it’s about isolating the conflicting part and preserving the rest of USPAP.

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