USPAP EXAMINATION QUESTIONS
WITH COMPLETE SOLUTIONS
The ethics rule states that the appraiser must? - Answer-A. promote and preserve
public trust inherent in the appraisal practice.
If an appraiser lacks the knowledge or experience to complete an assignment
competently in order to engage in this assignment, the appraiser must? - Answer-D.
disclose to the client the lack of knowledge or experience prior to agreeing to perform
the assignment.
Prior to completing an assignment for which he or she does not have the necessary
knowledge or experience an appraiser engaged to appraise a specific type or property
must? - Answer-A. have the necessary knowledge and experience to complete the
assignment competently.
An appraiser completed an appraisal report on March 10th, 2016. The appraiser
provided testimony related to the assignment on March 10th, 2018. The final disposition
of the litigation related to the appraisal occurred on March 10th,2020. The appraiser
must retain the work file until March 10th of - Answer-B. 2022
Identification of the intended use of an appraiser's opinion and conclusion is? - Answer-
B. necessary for determining the appropriate scope of work.
The identification of relevant characteristics is a? - Answer-B. Judgment made by the
appraiser.
The scope of work rule applies to all? - Answer-C. appraisal assignment
The scope of work is appropriate if it is? - Answer-C. Sufficient to produce credible
assignment results for the intended user.
The appraisal report must include a disclosure of the scope of work that? - Answer-B.
the appraiser performed in the assignment.
The jurisdictional exception rule? - Answer-A. preservers the balance of USPAP with
compliance when a part of USPAP is precluded by law or regulation.
In an appraisal of a property with proposed improvements, an appraiser must examen?
- Answer-D. documentation sufficient to identify the extent and character of the
proposed improvements.
WITH COMPLETE SOLUTIONS
The ethics rule states that the appraiser must? - Answer-A. promote and preserve
public trust inherent in the appraisal practice.
If an appraiser lacks the knowledge or experience to complete an assignment
competently in order to engage in this assignment, the appraiser must? - Answer-D.
disclose to the client the lack of knowledge or experience prior to agreeing to perform
the assignment.
Prior to completing an assignment for which he or she does not have the necessary
knowledge or experience an appraiser engaged to appraise a specific type or property
must? - Answer-A. have the necessary knowledge and experience to complete the
assignment competently.
An appraiser completed an appraisal report on March 10th, 2016. The appraiser
provided testimony related to the assignment on March 10th, 2018. The final disposition
of the litigation related to the appraisal occurred on March 10th,2020. The appraiser
must retain the work file until March 10th of - Answer-B. 2022
Identification of the intended use of an appraiser's opinion and conclusion is? - Answer-
B. necessary for determining the appropriate scope of work.
The identification of relevant characteristics is a? - Answer-B. Judgment made by the
appraiser.
The scope of work rule applies to all? - Answer-C. appraisal assignment
The scope of work is appropriate if it is? - Answer-C. Sufficient to produce credible
assignment results for the intended user.
The appraisal report must include a disclosure of the scope of work that? - Answer-B.
the appraiser performed in the assignment.
The jurisdictional exception rule? - Answer-A. preservers the balance of USPAP with
compliance when a part of USPAP is precluded by law or regulation.
In an appraisal of a property with proposed improvements, an appraiser must examen?
- Answer-D. documentation sufficient to identify the extent and character of the
proposed improvements.
