ARA Report Writing & Ethical Standards 2

Question 1

Under USPAP's Confidentiality section, an appraiser may disclose confidential information without client consent when:

Accepted Answer

Required by law or a court order

Answer

USPAP allows confidential information disclosure only when required by law, court order, or with the client's permission.

Question 2

A restricted appraisal report differs from an appraisal report primarily in that it:

Accepted Answer

Contains less content and is intended only for the client

Answer

A restricted appraisal report contains fewer disclosures and is intended solely for client use, not third parties.

Question 3

Which element is REQUIRED to appear in every appraisal report under USPAP Standards Rule 2-2?

Accepted Answer

A certification signed by the appraiser

Answer

Standards Rule 2-2 mandates that every appraisal report include a signed certification by the appraiser.

Question 4

An appraiser's certification must include a statement that:

Accepted Answer

The appraiser has no prior interest in the property

Answer

The certification must state that the appraiser has no present or prospective interest in the property that would bias the analysis.

Question 5

When an ARA appraiser signs a report as a supervisory appraiser, they are certifying that:

Accepted Answer

They accept full responsibility for the report's content

Answer

A supervisory appraiser's signature indicates they accept full responsibility for the appraisal report.

(ARA) Accredited Rural Appraiser Practice Test