Delaware License LawIntermediateDelaware Exam
What is the 'Uniform Standards of Professional Appraisal Practice' (USPAP) and does it apply to Delaware real estate agents?
AUSPAP applies to all Delaware real estate agents and brokers
BUSPAP is the set of standards governing appraisers — not real estate agentsCorrect
CUSPAP applies only ever to commercial property appraisals conducted anywhere within Delaware, and to nothing else
DDelaware exempts appraisers from USPAP requirements
Why USPAP is the set of standards governing appraisers — not real estate agents Is Correct
Answer B: USPAP is the set of standards governing appraisers — not real estate agents
USPAP (Uniform Standards of Professional Appraisal Practice) establishes ethical and performance standards for licensed/certified appraisers. It does NOT apply to real estate agents or brokers providing CMAs or BPOs.
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