Under 2024 USPAP, a non-signing trainee provides significant real property appraisal assistance. What identifying disclosure belongs in the signing appraiser’s certification?
Correct Answer
A) The name of the trainee who provided significant appraisal assistance
The certification identifies by name each individual who provided significant real property appraisal assistance. The description of the extent of assistance may be elsewhere in the report; the rule does not require all of it inside the certification. This identification does not automatically require the assistant to sign, and trainee experience-log hours are a separate matter.
Why This Is the Correct Answer
The certification identifies by name each individual who provided significant real property appraisal assistance. The description of the extent of assistance may be elsewhere in the report; the rule does not require all of it inside the certification. This identification does not automatically require the assistant to sign, and trainee experience-log hours are a separate matter.
More USPAP Questions
Under USPAP, what are assignment results?
The certification required by Standards Rule 2-3 must be signed by:
Under 2024 USPAP, which statement correctly combines the requirements for an oral real property appraisal report and its workfile?
An appraiser accepts an assignment involving a property type the appraiser has valued once before, years ago. Competency requires:
A Certified General appraiser is asked to value a specialized industrial property for the first time. The appraiser knows a competency gap exists before agreeing to the assignment. What is required if the appraiser proceeds?
Under 2024 USPAP Standard 1, which listed assignment element must be identified in developing a real property appraisal?
An appraiser provided an appraisal of the same property for another client 18 months ago. No confidentiality obligation prevents disclosing the fact of that service. Before agreeing to a new assignment, the appraiser must:
According to USPAP, what is the primary purpose of the Ethics Rule?
An appraiser is asked to determine 'fair market value' for an assignment. According to USPAP, the appraiser should:
Which list gives the sections of the 2024 USPAP Ethics Rule?
People Also Study
Real Estate Market
13.6% of exam
Property Description
11.8% of exam
Land or Site Valuation
4.5% of exam
Sales Comparison Approach
16.4% of exam
Cost Approach
13.6% of exam
Related Tools
Previous Question
An initial narrow comparable-sale search yields insufficient evidence, and other approaches are not applicable. Further suitable market research is feasible. What is the most appropriate next step toward credible completion?
Next Question
For a real-property appraisal governed by Standards 1–2, what is the relationship between the two standards?