USPAP USPAP Scope of Work Rule

Question 1

Under USPAP, who has the primary responsibility for determining the appropriate scope of work for an assignment?

Accepted Answer

The appraiser

Answer

The client

Answer

The intended user

Answer

The state licensing board

Question 2

The USPAP Scope of Work Rule requires that the scope of work must produce assignment results that are:

Accepted Answer

Credible given the intended use and intended users

Answer

Consistent with prior appraisals on the same property

Answer

Acceptable to any federal agency

Answer

Based on at least three comparable sales

Question 3

Which of the following factors does NOT influence the determination of scope of work under USPAP?

Accepted Answer

The appraiser's preferred methodology

Answer

The intended use of the appraisal

Answer

The type and definition of value sought

Answer

The characteristics of the subject property

Question 4

Under the Scope of Work Rule, an appraiser may expand or limit the research typically performed when:

Accepted Answer

The resulting scope is sufficient to produce credible assignment results

Answer

The client requests any change

Answer

The assignment involves a residential property

Answer

The fee will increase

Question 5

The Scope of Work Rule in USPAP replaced the former concept of:

Accepted Answer

Departure Rule

Answer

Ethics Rule

Answer

Jurisdictional Exception Rule

Answer

Supplemental Standards Rule

Question 6

Which of the following must an appraiser disclose in their report under the Scope of Work Rule?

Accepted Answer

The scope of work actually performed

Answer

Their personal opinion of the client's intentions

Answer

The fee charged for the assignment

Answer

The names of all comparable sale owners