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USPAP CHAPTER 2 COMPLETE GUIDE SOLUTION Q&A USPAP states that in a situation when an individual is not required by law, regulation, or agreement to comply with USPAP: - Correct Answer-the individual should still comply when he or she is acting as an appraiser when performing valuation services outside of appraisal practice, an individual must be careful not to _ the client and other intended users about his or her role - Correct Answer-mislead a valuation service that is premised upon advocacy: - Correct Answer-it cannot be performed by an individual acting as an appraiser T/F: an appraiser has the professional responsibility to identify the capacity in which he or she is performing - Correct Answer-true the requirement for USPAP compliance in an appraisal assignment could be the result of: - Correct Answer-voluntary choice by the appraiser, law or regulation, & agreement with the client to which property type does USPAP apply? - Correct Answer-both tangible and intangible property what is the stated purpose of USPAP? - Correct Answer-Promote and maintain a high level of public trust in appraisal practice When obligated by law or regulation, an appraiser comply with USPAP. - Correct Answer-must the PREAMBLE states that USPAP intended to benefit: - Correct Answer- appraisers and users of appraisal services 
