If You Are a State Licensed or Certified Appraiser, in Most

question 7

True/False

If you are a state licensed or certified appraiser, in most states your appraisals must always conform to USPAP.

---

Definitions:

Government Agency

An organization at the federal, state, or local level that implements laws, regulations, and policies; operates services for the public; or oversees specific activities governed by law.

Legal Research

The process of identifying and retrieving information necessary to support legal decision-making, including analysis of statutes, case law, and legal precedents.

Welfare Eligibility

Criteria that determine an individual's or family's qualification to receive assistance or benefits from governmental social welfare programs.

MSC Curve

The Marginal Social Cost curve, illustrating the total cost to society of producing one additional unit of a good.