USPAP Practice Exam 2025 – Comprehensive Test Prep

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What can happen if the engagement protocol isn't followed by the appraiser?

It can lead to a lack of compliance with federal standards.

When the engagement protocol isn't followed by the appraiser, one significant consequence is a lack of compliance with federal standards. Following established protocols is crucial as they ensure that the appraiser adheres to legal and ethical obligations, including those outlined in the Uniform Standards of Professional Appraisal Practice (USPAP). These standards are in place to guarantee integrity, accuracy, and consistency in the appraisal process.

Failure to comply can result in various negative outcomes, including potential legal issues, disciplinary actions from licensing boards, and a loss of credibility and trust among clients and stakeholders. It is essential for appraisers to follow established engagement protocols to maintain the integrity of the appraisal process and fulfill their responsibilities under federal regulations.

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It can make the appraisal report more valuable.

It can create better relationships with borrowers.

It can enhance the appraiser’s reputation.

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