USPAP CHAPTER 6 COMPLETE GUIDE SOLUTION Q&A, Exams of Economics

USPAP CHAPTER 6 COMPLETE GUIDE SOLUTION Q&A

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2025/2026

Available from 03/07/2026

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USPAP CHAPTER 6 COMPLETE GUIDE SOLUTION Q&A what is the purpose of the jurisdictional exception rule? - Correct Answer-to provide a saving or severability clause to preserve the balance of USPAP If an assignment involves a jurisdictional exception, what must an appraiser do? - Correct Answer-identify the law, comply with the law, disclose in the report the part of USPAP that is voided, and cite in the report the law that caused the jurisdictional exception T/F: if USPAP compliance is mandated by federal law, no state or local law can create a jurisdictional exception - Correct Answer-true When a law or regulation precludes compliance with any part of USPAP, appraisers must: - Correct Answer-comply with that law or regulation T/F: The use of the JURISDICTIONAL EXCEPTION RULE in an assignment is a matter of choice by an appraiser. - Correct Answer-false is it permissible to use instructions from an attorney as a basis for a jurisdictional exception? - Correct Answer-no As used in the JURISDICTIONAL EXCEPTION RULE, the term "law" includes .- Correct Answer-administrative rules and ordinances, legislative laws, and court-made laws which of these would be considered an example of a jurisdictional exception in an appraisal assignment? - Correct Answer-a probate court paying appraisers based on the value of the subject property When does a jurisdictional exception occur in an assignment? - Correct Answer-it is automatic when a law precludes compliance with a part of USPAP A state passes a law requiring appraisers to keep their workfiles for 10 years after preparation. Is this a jurisdictional exception under USPAP? - Correct Answer-no