Property Valuation
A NH appraiser must comply with the Uniform Standards of Professional Appraisal Practice (USPAP). USPAP is published by:
AThe NH Real Estate Commission
BThe Appraisal Foundation, as authorized by Congress✓ Correct
CThe Federal Reserve
DThe National Association of Realtors
Explanation
USPAP is published by The Appraisal Foundation, a non-profit organization authorized by Congress through the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989. Compliance with USPAP is required for appraisals used in federally related transactions and is mandatory for licensed/certified appraisers.
Related New Hampshire Property Valuation Questions
- The principle of anticipation holds that a property's value is based on:
- An appraiser making a paired sales analysis in NH finds that the only difference between two comparable homes is that one has a two-car garage and sold for $25,000 more. The appraiser would:
- The concept of 'functional utility' in NH appraisal refers to:
- What is the primary purpose of a 'desk review' appraisal in NH real estate lending?
- A NH appraisal of a historic colonial home in Portsmouth would note which factors unique to historic properties?
- The cost approach to value is most reliable when appraising:
- A NH appraiser's 'as-is' value vs. 'as-repaired' value distinction is most relevant when:
- When a real estate agent prepares a comparative market analysis (CMA), the agent is providing:
Practice More New Hampshire Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Hampshire Quiz →