USPAP USPAP Scope of Work Rule 2

Question 1

Under USPAP, 'scope of work' is defined as the type and extent of:

Accepted Answer

Research and analyses applied in an assignment

Answer

The property inspection only

Answer

The report format and length

Answer

The number of comparable sales analyzed

Question 2

An appraiser performs a desktop appraisal without an interior inspection. This is permissible under USPAP if:

Accepted Answer

The scope of work is adequate for the intended use and this is disclosed

Answer

The property is residential

Answer

The assignment is for litigation

Answer

The client is a government entity

Question 3

The benchmark for evaluating whether a scope of work is appropriate under USPAP is:

Accepted Answer

The actions of appraisers' peers performing similar assignments

Answer

Whether it meets FNMA guidelines

Answer

Whether the client approved it in writing

Answer

Whether it matches the scope in a prior appraisal

Question 4

Under USPAP, the scope of work for an assignment is established:

Accepted Answer

At the time of assignment acceptance, considering all assignment conditions

Answer

After the report is signed and delivered

Answer

At the completion of the inspection

Answer

Only by the client before the assignment begins

Question 5

Which of the following is a key component appraisers must consider when establishing scope of work?

Accepted Answer

The intended use of the appraisal

Answer

The anticipated selling price of the property

Answer

The appraiser's experience level in the market

Answer

The property owner's preferred value

Question 6

Under USPAP, an appraiser who performs a more extensive scope of work than typical for similar assignments:

Accepted Answer

Is acceptable as long as the results are credible

Answer

Has violated the Scope of Work Rule

Answer

Is not in compliance with USPAP

Answer

Must disclose this to the client only