Maricopa Community Colleges  REA272   20075-20082 
Official Course Description: MCCCD Approval: 06/26/07
REA272 20075-20082 LEC 2 Credit(s) 2 Period(s)
Uniform Standards of Professional Appraisal Practice (USPAP)
Basic rules for ethical behavior and competent performance. USPAP requirements for state certified appraisers. Highlights role of the appraiser and implied impartiality of this role. Requirements of the Uniform Standards of Professional Appraisal Practice (USPAP) affect appraisal businesses.
Prerequisites: REA270 and REA271.
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MCCCD Official Course Competencies:
 
REA272   20075-20082 Uniform Standards of Professional Appraisal Practice (USPAP)
1. Describe the history of Uniform Standards of Professional Appraisal Practice (USPAP). (I)
2. Describe and learn USPAP definitions. (II)
3. Describe and evaluate Preamble and when USPAP applies. (III)
4. Describe and evaluate, Ethics Rule and Competency Rule. (IV)
5. Describe and evaluate Scope of Work rule. (V)
6. Describe and evaluate Jurisdictional Exception Rule and Supplemental Standards Rule. (VI)
7. Describe and evaluate Standards 1-10. (VII)
8. Describe and discuss Statement and Advisory opinions. (VIII)
9. Apply learning through a comprehensive exam. (IX)
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MCCCD Official Course Outline:
 
REA272   20075-20082 Uniform Standards of Professional Appraisal Practice (USPAP)
    I. History of USPAP
        A. History of Appraisal Standards
        B. The Appraisal Foundation
        C. The Appraisal Subcommittee (ASC)
        D. The Structure of USPAP
        E. USPAP and the Appraisal Process
      II. USPAP Definitions
        III. Preamble and When USPAP Applies
          IV. Ethics Rule and Competency Rule
              A. Ethics rule
              B. Competency rule
              C. Relevant Advisory Opinions
            V. Scope of Work Rules
                A. Problem Identification
                B. Acceptability
                C. Disclosure Requirements
                D. Advisory Opinion Guidance
              VI. Jurisdictional Exception Rule and Supplemental
                  A. Jurisdictional Exception rule
                  B. Supplemental Standards rule
                VII. Standards Rule
                    A. Standard 1
                      1. Overview
                      2. Key Points
                      3. Statements and Advisory Opinion References
                    B. Standard 2
                      1. Overview
                      2. Key Points
                    C. Standard 3
                      1. Overview
                      2. Key Points
                    D. Standard 4-10
                      1. Standard 4, Real Property Appraisal Consulting, Development
                      2. Standard 5, Real Property Appraisal Consulting, Reporting
                      3. Standard 6, Mass Appraisal, Development and Reporting
                      4. Standard 7, Personal Property Appraisal, Development
                      5. Standard 8, Personal Property Appraisal, Reporting
                      6. Standard 9, Business Appraisal, Development
                      7. Standard 10, Business Appraisal, Reporting
                  VIII. Describe and discuss Statements and Advisory Opinions
                      A. Statements on Appraisal Standards
                      B. Advisory Opinions
                    IX. Apply learning through a comprehensive exam.
                        A. Exam Preparation
                        B. Final Exam
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