Uniform Standards of Professional Appraisal Practice (USPAP) Practice Exam

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According to USPAP, can local laws create a jurisdictional exclusion?

Yes, if they are stricter than federal laws
No, federal laws take precedence
Yes, as long as they comply with state regulations
Only in specific situations

The correct answer is: No, federal laws take precedence

According to USPAP, federal laws take precedence over local laws when it comes to establishing standards for appraisal practice. This principle ensures consistency and uniformity in the application of appraisal standards nationally. If local laws impose restrictions or requirements that are less permissive than federal laws, these local laws cannot override the requirements established at the federal level. In situations where local laws conflict with federal laws, appraisers must adhere to the federal standards, as these are considered the minimum requirements necessary for compliance in appraisal practice. This aspect underscores the hierarchy of laws in appraisal practice, ensuring that appraisers maintain compliance with the most stringent standards available and uphold the integrity of the profession.