2026/2027
Gmail:
27
7-hour National USPAP Update
Course Questions with Detailed
Verified Answers
You are reading an Advisory Opinion in the USPAP publication.
Officially, Advisory Opinions are considered: Ans: Other
communications, and not part of USPAP
A new edition of USPAP has been released. Which statement is true
regarding the effective date of this new edition of USPAP? Ans: The
ASB determines when the edition of USPAP will be effective.
Which statement is most accurate regarding the ASB's analysis of
comments to exposure drafts? Ans: Each member of the ASB reads and
considers all comments.
The ASB releases an exposure draft of proposed changes to USPAP, and
you wish to provide comments. At a minimum, you will have _______
to provide comments to the ASB. Ans: 30 days
As the terms are used by the ASB, what is the difference between a
Discussion Draft and an Exposure Draft? Ans: An Exposure Draft is a
formal proposal to revise USPAP, while a Discussion Draft merely
solicits feedback from industry participants.
You want to participate in the USPAP revision process but are busy
and prefer not to travel. What is your best option? Ans: Register for
ASB meetings and livestream them on your computer as they are
happening.
Changes to USPAP may only be made after: Ans: Completion of the
exposure process and discussion and adoption at a public meeting
, Published stories alleging bias and discrimination by appraisers have
appeared: Ans: In news outlets across the country
One common thread in news articles about appraisers is the allegation
that the appraisal process is ________. Conversely, USPAP requires an
appraiser to be ________. Ans: Subjective, objective
Fair housing laws would apply to an appraisal of _________, but not to
the appraisal of ____________. Ans: A duplex, a medical office
When does USPAP prohibit an appraiser from using or relying on
SUPPORTED conclusions about protected classes? Ans: When such
conclusions violate federal, state, or local laws
In which of these situations might it be appropriate for an appraiser
to research the number of members of a protected class and use
supported conclusions regarding members of this protected class in an
appraisal assignment? Ans: When appraising a unit in an age-
restricted (55 and older) community
An appraiser issues an appraisal report on a single-unit residence that
understated the GLA by 20%. Which statement is most accurate about
this situation? Ans: The report is misleading, and may constitute a
violation of USPAP.
An appraiser is valuing a residential property in a divorce case. The
appraiser develops an inclination that precludes his impartiality and
objectivity in the assignment, yet he proceeds with the appraisal
anyway. It can accurately be stated that the appraiser is: Ans: Biased
An appraiser is valuing a four-unit residential property for a mortgage
lender, and is accused by the lender of violating a state fair housing
law in the performance of the appraisal. The appraiser responds
angrily that there are thousands of laws out there and they cannot be
expected to know every single law. Which statement is true regarding
Gmail:
27
7-hour National USPAP Update
Course Questions with Detailed
Verified Answers
You are reading an Advisory Opinion in the USPAP publication.
Officially, Advisory Opinions are considered: Ans: Other
communications, and not part of USPAP
A new edition of USPAP has been released. Which statement is true
regarding the effective date of this new edition of USPAP? Ans: The
ASB determines when the edition of USPAP will be effective.
Which statement is most accurate regarding the ASB's analysis of
comments to exposure drafts? Ans: Each member of the ASB reads and
considers all comments.
The ASB releases an exposure draft of proposed changes to USPAP, and
you wish to provide comments. At a minimum, you will have _______
to provide comments to the ASB. Ans: 30 days
As the terms are used by the ASB, what is the difference between a
Discussion Draft and an Exposure Draft? Ans: An Exposure Draft is a
formal proposal to revise USPAP, while a Discussion Draft merely
solicits feedback from industry participants.
You want to participate in the USPAP revision process but are busy
and prefer not to travel. What is your best option? Ans: Register for
ASB meetings and livestream them on your computer as they are
happening.
Changes to USPAP may only be made after: Ans: Completion of the
exposure process and discussion and adoption at a public meeting
, Published stories alleging bias and discrimination by appraisers have
appeared: Ans: In news outlets across the country
One common thread in news articles about appraisers is the allegation
that the appraisal process is ________. Conversely, USPAP requires an
appraiser to be ________. Ans: Subjective, objective
Fair housing laws would apply to an appraisal of _________, but not to
the appraisal of ____________. Ans: A duplex, a medical office
When does USPAP prohibit an appraiser from using or relying on
SUPPORTED conclusions about protected classes? Ans: When such
conclusions violate federal, state, or local laws
In which of these situations might it be appropriate for an appraiser
to research the number of members of a protected class and use
supported conclusions regarding members of this protected class in an
appraisal assignment? Ans: When appraising a unit in an age-
restricted (55 and older) community
An appraiser issues an appraisal report on a single-unit residence that
understated the GLA by 20%. Which statement is most accurate about
this situation? Ans: The report is misleading, and may constitute a
violation of USPAP.
An appraiser is valuing a residential property in a divorce case. The
appraiser develops an inclination that precludes his impartiality and
objectivity in the assignment, yet he proceeds with the appraisal
anyway. It can accurately be stated that the appraiser is: Ans: Biased
An appraiser is valuing a four-unit residential property for a mortgage
lender, and is accused by the lender of violating a state fair housing
law in the performance of the appraisal. The appraiser responds
angrily that there are thousands of laws out there and they cannot be
expected to know every single law. Which statement is true regarding
