The certification required by Standard 2 must be signed by whom?
Correct Answer
B) Each appraiser who signs the report
Why this is correct: Under USPAP Standards Rule 2-3, the certification is a personal statement by each appraiser who signs the report, attesting to their own work, impartiality, and compliance with USPAP. Every signatory must sign the certification. Why the other choices are wrong: "The client and the appraiser jointly" is false; the client does not sign the appraiser's certification. "Only the supervisory appraiser present" is false; any signing appraiser, including trainees if permitted, must certify. "A reviewer at the state regulatory agency" is not involved in the original appraisal report. Exam tip: Certification is personal and required for every appraiser who signs the report.
Why This Is the Correct Answer
Why this is correct: Under USPAP Standards Rule 2-3, the certification is a personal statement by each appraiser who signs the report, attesting to their own work, impartiality, and compliance with USPAP. Every signatory must sign the certification. Why the other choices are wrong: "The client and the appraiser jointly" is false; the client does not sign the appraiser's certification. "Only the supervisory appraiser present" is false; any signing appraiser, including trainees if permitted, must certify. "A reviewer at the state regulatory agency" is not involved in the original appraisal report. Exam tip: Certification is personal and required for every appraiser who signs the report.
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Reconciliation of the approaches to value is best described as which activity?
Significant appraisal assistance from a person who does not sign the report must be treated how?
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What does it mean to say an approach is not applicable to an assignment?
Which of the following is a written report option named in the current edition of USPAP?
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An extraordinary assumption proves false after the report is delivered. What follows?
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