Evaluating a Report for USPAP Compliance

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Evaluating a Report for USPAP Compliance has earned an average of 4.66 out of 5 stars from 32 ratings.
$189.00

This course was written and produced by The Appraisal Foundation and is being presented through a partnership with McKissock.

Upon completion of this seminar, the professional should be able to:

  • Understand how the Standards Rules of USPAP relate to the various steps in the appraisal process;
  • Understand the COMPETENCY RULE and how it is applied in selecting a qualified appraiser for a specific assignment;
  • Explain the role USPAP plays in protecting the public interest; Understand the role the lender plays in ensuring appraisers are provided with adequate and accurate data to complete an assignment credibly;
  • Know the importance of accurately identifying the Intended Use and Intended User(s) of an appraisal assignment;
  • Understand the relevance of appropriate report dates and the potential problems that can arise if edits are made subsequent to assignment completion;
  • Recognize the importance of utilizing reviewers who meet the requirements of the COMPETENCY RULE, particularly in complex assignments;
  • Differentiate between the terms “summarize” and “state” as they relate to Standards Rules 2-2(a) and 2-2(b);
  • Understand the difference between a review and an Appraisal Review; and
  • Recognize the information in an Appraisal Report or a Restricted Appraisal Report needed to comply with STANDARD 2.

Chapter list:

1. Chapter 1: Seminar Introduction and Objectives
2. Chapter 2: The USPAP Publication
3. Chapter 3: Key USPAP Definitions
4. Chapter 4: Rules
5. Chapter 5: STANDARDS 1 and 2
6. Chapter 6: STANDARDS 3 and 4
7. Chapter 7: USPAP Advisory Opinions

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