Hawaii License Law
What is the 'Uniform Standards of Professional Appraisal Practice' (USPAP) and how does it affect Hawaii real estate?
AA. A Hawaii state law governing real estate agent conduct
BB. The nationally recognized standards for appraisal practice that Hawaii licensed appraisers must follow; sets minimum requirements for competency, ethics, reporting, and independence✓ Correct
CC. Standards applicable to real estate agents but not appraisers in Hawaii
DD. A voluntary code of ethics that appraisers may optionally adopt
Explanation
USPAP is the authoritative standard for appraisal practice in the United States, developed by the Appraisal Standards Board. Hawaii licensed appraisers must comply with USPAP, which sets ethical obligations, competency requirements, and reporting standards.
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