Question

The Uniform Standards of Professional Appraisal Practice are standards of practice that must be followed by appraisers but not real estate licensees.

a-True
b-False.

Answer 1

The Uniform Standards of Professional Appraisal Practice (USPAP) are standards of practice that must be followed by both appraisers and real estate licensees.

Step-by-step explanation:

The correct answer to the question is False. The Uniform Standards of Professional Appraisal Practice (USPAP) are standards of practice that must be followed by both appraisers and real estate licensees. These standards provide guidelines for conducting appraisals and help ensure that appraisals are fair, accurate, and objective.