Question

Sid is preparing an appraisal report, using a standard pre-printed appraisal form. What is the BEST way for him to ensure that he meets his USPAP reporting requirements?

a. Give an oral report, and follow it up later with a written report
b. Fill in all the blanks on the form completely and fully
c. Follow the minimum report content requirements of STANDARD 2
d. Ask a USPAP instructor to help him write the report

Answer 1

The best way for Sid to meet his USPAP reporting requirements is to follow the minimum report content requirements of STANDARD 2.

Step-by-step explanation:

The best way for Sid to ensure that he meets his USPAP reporting requirements is to follow the minimum report content requirements of STANDARD 2 (option C). USPAP, which stands for Uniform Standards of Professional Appraisal Practice, outlines the guidelines and requirements for real estate appraisals in the United States. Following the minimum report content requirements ensures that Sid includes all the necessary information in his appraisal report to meet the USPAP standards.