Course Final Exam Guide

Trainee Tina assists Supervisor Sandy in a real property appraisal assignment. Tina does not sign the report certification. Where does Tina's name have to appear in the report? {Ans: In the certification}A Trainee Appraiser submits an experience log to a state appraisal regulatory agency. On the log, the appraiser is claiming 40 experience hours for an appraisal of a non-complex single family dwelling. What is the regulatory agency MOST likely to do? {Ans: Request additional documentation from the Trainee Appraiser}If an appraiser violates state law when completing an appraisal, which entity is MOST likely to take formal disciplinary action against him or her? {Ans: The state appraisal regulatory agency}What happens when a Trainee Appraiser signs a certification in a real property appraisal report? {Ans: The Trainee Appraiser has accepted full responsibility for the assignment results and the report}Trainee Timmy assists Supervisor Serena in a real property appraisal assignment; however, Timmy does not sign the certification. Where does USPAP require Serena to disclose the extent of Timmy's assistance in the Appraisal Report? {Ans: It may appear anywhere in the report}Which of these statements is TRUE regarding the difference between state appraisal regulatory agencies and professional appraiser