Property Valuation
An appraisal report must comply with which set of professional standards?
AAlabama License Law only
BUniform Standards of Professional Appraisal Practice (USPAP)✓ Correct
CRESPA guidelines
DAREC appraisal guidelines
Explanation
Appraisers in the United States must comply with USPAP — the Uniform Standards of Professional Appraisal Practice — established by The Appraisal Foundation.
Related Alabama Property Valuation Questions
- A residential property's square footage of gross living area (GLA) is measured:
- The principle of 'regression' in real estate value states that:
- Which of the following is NOT a valid method to estimate accrued depreciation in the cost approach?
- What is 'effective age' of a building in appraisal terms?
- The highest and best use of a property is defined as the use that is:
- Market value is best defined as:
- Which of the following BEST defines 'market value'?
- The income approach to value is most commonly used to appraise:
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