When does a jurisdictional exception occur in an assignment?

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $24.99Unlock all

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

When does a jurisdictional exception occur in an assignment?

Explanation:
Jurisdictional exceptions are triggered when local laws or regulations prevent the appraiser from complying with a part of USPAP. In that situation, the appraiser must identify the exception in the assignment results and proceed in a way that follows the law while still applying the portions of USPAP that aren’t precluded. This isn’t something that requires board approval, isn’t initiated by the client, and isn’t limited to certain types of properties. So, the exception occurs automatically whenever a law precludes compliance with a part of USPAP.

Jurisdictional exceptions are triggered when local laws or regulations prevent the appraiser from complying with a part of USPAP. In that situation, the appraiser must identify the exception in the assignment results and proceed in a way that follows the law while still applying the portions of USPAP that aren’t precluded. This isn’t something that requires board approval, isn’t initiated by the client, and isn’t limited to certain types of properties. So, the exception occurs automatically whenever a law precludes compliance with a part of USPAP.

More Multiple Choice Questions
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy