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USPAP CHAPTER 8 COMPLETE GUIDE SOLUTION Q&A The use of standard appraisal reporting forms - Correct Answer-Is not required. by STANDARD 2 STANDARD 2 sets forth requirements for - Correct Answer-Appraisal report content The two written report options stated in Standards Rule 2-2 are - Correct Answer- appraisal report and restricted appraisal report what is the essential difference between the two reporting options - Correct Answer-the content and level of information when reporting the results of an appraisal, dates that must be included are - Correct Answer-effective date and report date which of the following is not required by USPAP to be in an appraisal report - Correct Answer-clients specific name An appraiser's client requests anonymity and asks that their identity not appear in the Appraisal Report that is prepared for the assignment. What must the appraiser do? - Correct Answer-document the identity of the client in the workfile, state in the report that the client's identity has been withheld at the client's request, and use care not to violate the confidentiality section of the ethics rule an appraiser determines that the cost approach is not necessary in an appraisal assignment, and therefore does not develop the approach. in the restricted appraisal report for the assignment, what must the appraiser do? - Correct Answer-state the reason for the exclusion of the approach In an Appraisal Report, the scope of work used. to develop the appraisal must be - Correct Answer-summarized an appraiser is preparing a restricted appraisal report in a situation where there are intended users in addition to the client. which statement is true regarding this situation - Correct Answer-these additional intended users must be identified in the report by name All written appraisal reports must contain - Correct Answer-a signed certification When an extraordinary assumption is used in an appraisal, the report must state the extraordinary assumption and - Correct Answer-state that its use may have affected the assignment results what is the purpose of including a signed certification in an appraisal report - Correct Answer-for the appraiser to acknowledge his or her ethical obligations which of the following best describes bias in appraisal practice - Correct Answer- it is not permitted According to USPAP, any appraiser who signs any part of an appraisal report is required to - Correct Answer-sign a certification 
