Property Valuation
The Massachusetts 'Uniform Standards of Professional Appraisal Practice' compliance requirement means that all licensed appraisers must follow USPAP provisions including:
AOnly state-specific requirements
BThe ethics rule, competency rule, scope of work rule, and applicable standard rules for the assignment type✓ Correct
COnly the reporting requirements
DOnly requirements for federally related transactions
Explanation
USPAP compliance requires adherence to all applicable rules: the Ethics Rule (integrity, impartiality), Competency Rule (required knowledge and experience), Scope of Work Rule, and the applicable Standard Rules (residential, commercial, etc.).
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