An applicable state law actually precludes compliance with a specific USPAP reporting provision for an assignment. No federal USPAP requirement prevents that provision from being voided. Under the USPAP 2024 JURISDICTIONAL EXCEPTION RULE, what must the appraiser do?
Correct Answer
A) Obey the law, disclose the voided USPAP part and cite the law in the report
Only the part whose compliance is precluded becomes void for that assignment. The rule requires identification of the law or regulation, compliance with it, clear and conspicuous report disclosure of the voided USPAP part, and a report citation to the governing law or regulation. A different preferred format alone does not establish impossibility of complying with both. Client or attorney instructions do not create a jurisdictional exception. The rule also says a state or local law cannot void a USPAP provision whose compliance is required by federal law or regulation.
Why This Is the Correct Answer
Only the part whose compliance is precluded becomes void for that assignment. The rule requires identification of the law or regulation, compliance with it, clear and conspicuous report disclosure of the voided USPAP part, and a report citation to the governing law or regulation. A different preferred format alone does not establish impossibility of complying with both. Client or attorney instructions do not create a jurisdictional exception. The rule also says a state or local law cannot void a USPAP provision whose compliance is required by federal law or regulation.
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