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1. Social Science 2. Economics USPAP CHAPTER 11 COMPLETE GUIDE SOLUTION Q&A STANDARD 5, Mass Appraisal, Development, applies to: - Correct Answer-both real and personal property STANDARD 5 is most similar in structure to: - Correct Answer-Standard 1 In a written mass appraisal report prepared under STANDARD 6, what is the purpose of a signed certification? - Correct Answer-it serves as an appraiser's acknowledgement of his or her ethical obligations Notifications sent to property owners of the results of a mass appraisal, which may be required by public policy, are considered: - Correct Answer-notifications, and not reports an appraiser is engaged by her local county assessment board to complete an appraisal on an apartment building for ad valorem taxation purposes. which USPAP standard(s) apply to this assignment - Correct Answer-standards 1 and 2 in a personal property appraisal assignment that includes multiple objects as part of the same assignment - Correct Answer-the objects that are more significant to the assignment results should be the focus of the analysis when appraising personal property, the appraiser must analyze prior sales of the subject over what time period - Correct Answer-a reasonable and applicable time T/F: An appraiser must recognize that there are distinct levels of trade in personal property, and each may have different comparable data. - Correct Answer-true an appraiser is developing an appraisal and will be reporting it in a restricted appraisal report. because this less detailed reporting option is being used, is the appraiser permitted to use an abbreviated appraisal development process - Correct Answer-No under standard 8, a personal property appraiser has written report options - Correct Answer-2 which of the following reports require a signed certification - Correct Answer-all oral and written reports covered in USPAP A written business appraisal report must be prepared in accordance with which of the following options? - Correct Answer-appraisal report or restricted appraisal report An appraiser's certification in a business or intangible asset appraisal report does not: - Correct Answer-contain a reference to the inspection of the subject property 
