Which Foundation board is responsible for USPAP?

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

Which Foundation board is responsible for USPAP?

Explanation:
USPAP, the Uniform Standards of Professional Appraisal Practice, is developed and maintained by the Appraisal Standards Board, which is the standards-setting arm of The Appraisal Foundation. This board creates and updates the rules that guide professional appraisal practice nationwide. The Appraiser Qualifications Board handles licensing and certification requirements, not USPAP. The other options aren’t responsible for setting USPAP. So, the board responsible for USPAP is the Appraisal Standards Board.

USPAP, the Uniform Standards of Professional Appraisal Practice, is developed and maintained by the Appraisal Standards Board, which is the standards-setting arm of The Appraisal Foundation. This board creates and updates the rules that guide professional appraisal practice nationwide. The Appraiser Qualifications Board handles licensing and certification requirements, not USPAP. The other options aren’t responsible for setting USPAP. So, the board responsible for USPAP is the Appraisal Standards Board.

More Multiple Choice Questions
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy