Property Valuation
An appraiser preparing a complete appraisal in North Dakota must follow USPAP Standard 1. This standard covers:
AAppraiser licensing requirements
BThe requirements for developing a real property appraisal✓ Correct
CThe format for the written appraisal report
DThe rules for accepting appraisal assignments
Explanation
USPAP Standard 1 governs the development of a real property appraisal, requiring the appraiser to identify the problem, gather data, apply appropriate methods, and reach a credible conclusion. Standard 2 covers the reporting of results.
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