Jurisdictional Exception Rule

Question 1

What triggers the use of a jurisdictional exception?

Answer 1

a conflict between the reqs of USPAP and the law or regulation of the jurisdiction

Question 1

What assignment element in the appraisal process is a jurisdictional exception identified under?

Answer 1

assignment conditions

Question 2

When a law or regulation impedes the reqs of USPAP, which statement related to the JURISDICTIONAL EXCEPTION RULE is true?

Answer 2

If any applicable law or regulation precludes compliance with any part of USPAP, only that part of USPAP becomes void for that assignment.

Question 3

An appraiser determined that a regulation issued from a fed agency precluded compliance with a portion of USPAP. In this assignment, the appraiser must

Answer 3

comply with the regulation.

Question 4

The JURISDICTIONAL EXCEPTION RULE provides a severability (or saving) clause. What does that mean?

Answer 4

It preserves the balance of USPAP if one or more of its parts are determined to preclude compliance to a pertinent law or regulation of a jurisdiciton.

Question 5

An assignment condition established by applicable law or regulation that precludes an appraiser from complying with a part of USPAP is called

Answer 5

a jurisdictional exception.

Question 6

What is true about the app of the JURISDICTIONAL EXCEPTION RULE in an assignment?

Answer 6

A jurisdictional exception is a rare event.

Module 6: J.E. RULE Overview

Question 7

In addition to disclosing the law or regulation that precludes compliance with USPAP, what else is the appraiser obligated to disclose when a jurisdictional exception applies in an assignment?

Answer 7

Identify the part or parts of USPAP that are voided by the law or regulation.