When obligated by law or regulation, an appraiser ______ comply with 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

When obligated by law or regulation, an appraiser ______ comply with USPAP.

Explanation:
When a law or regulation requires it, an appraiser must comply with USPAP. A regulatory mandate creates a binding duty, so adherence isn’t optional or discretionary—failure to follow USPAP can lead to sanctions, license consequences, or other regulatory penalties. The other terms imply less-than-mandatory status, which doesn’t fit a legal obligation. In many jurisdictions, regulators view USPAP as the standard for credible appraisal practice, especially in real estate finance, so meeting that obligation is essential for both legality and professionalism.

When a law or regulation requires it, an appraiser must comply with USPAP. A regulatory mandate creates a binding duty, so adherence isn’t optional or discretionary—failure to follow USPAP can lead to sanctions, license consequences, or other regulatory penalties. The other terms imply less-than-mandatory status, which doesn’t fit a legal obligation. In many jurisdictions, regulators view USPAP as the standard for credible appraisal practice, especially in real estate finance, so meeting that obligation is essential for both legality and professionalism.

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