Final answer:
The statement that secondary market appraisal guidelines are intended to take the place of USPAP is false, as USPAP is a national standard for appraisers to ensure public trust, while secondary market guidelines supplement these standards.
Step-by-step explanation:
The statement that secondary market appraisal guidelines are intended to take the place of USPAP is false. The Uniform Standards of Professional Appraisal Practice (USPAP) is the set of national standards for the appraisal profession in the United States. They are designed to promote and maintain a high level of public trust in appraisal practice by establishing requirements for appraisers. Secondary market appraisal guidelines, on the other hand, are requirements set by secondary mortgage market participants, such as Fannie Mae and Freddie Mac, to ensure that appraisals conform to their particular standards. These guidelines are meant to complement, not replace, USPAP standards.