USPAP COURSE EXAM QUESTIONS AND
ANSWERS 2026/2027 VERIFIED.
USPAP Advisory Opinions are considered by the ASB to be: - ANS Other communications, and
not part of USPAP
The 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.
The ending effective date for the 2024 edition of USPAP is: - ANS To be determined
Is there a difference between a Discussion Draft and an Exposure Draft, and if so, what is the
difference? - ANS An exposure draft is a formal proposal to revise USPAP, while a discussion
draft merely solicits feedback from industry participants.
You send the ASB a letter with a comment regarding a proposed change to USPAP. Who will read
it? - ANS all members of the ASB
The ASB has issued an exposure draft of proposed changes to USPAP. What must occur before
these proposed changes may be made to USPAP? - ANS The proposed changes must be
discussed and adopted at a public meeting
A stakeholder in the appraisal profession wants to participate in the USPAP revision process but
does not have the time to travel to attend ASB meetings in person. What is this individual's best
option? - ANS Register for ASB meetings and livestream them on their computer.
@COPYRIGHT ALL RIGHTS RESERVED PAGE 1 OF 10
, The PREAMBLE states that USPAP is promulgated for: - ANS Appraisers and users of appraisal
services
The primary purpose of USPAP is: - ANS Promoting and preserving public trust in appraisal
practice.
_______ change is one of the reasons why the ASB added the Nondiscrimination section to the
ETHICS RULE. - ANS Social
With regard to prohibitions on bias and discrimination, the revisions to the current edition of
USPAP were made in order to: - ANS Make existing prohibitions clearer and more direct
Which statement regarding bias and USPAP is TRUE? - ANS USPAP has always prohibited
appraisers from performing an assignment with bias.
Which term is defined in federal regulations as "a residential structure that contains one to four
living units whether or not that structure is attached to real property"? - ANS Dwelling
Which of the following is NOT a federal antidiscrimination law that is specifically referenced in
the Nondiscrimination section of the ETHICS RULE? - ANS Dodd-Frank Act
An appraiser is required to be knowledgeable of, and comply with, ____________
antidiscrimination laws and regulations - ANS Federal, state, and local
An appraiser agrees to perform an appraisal assignment on a residential property for mortgage
lending. The assignment comes to the appraiser through an appraisal management company
(AMC). Who is responsible for determining what antidiscrimination laws apply to the
assignment? - ANS The appraiser
In a real estate lending situation, an individual employs what they believe are neutral policies or
practices, however these policies are later found to disproportionately harm members of a
protected group. This individual may be guilty of a fair housing violation under the concept of
disparate: - ANS impact
@COPYRIGHT ALL RIGHTS RESERVED PAGE 2 OF 10
ANSWERS 2026/2027 VERIFIED.
USPAP Advisory Opinions are considered by the ASB to be: - ANS Other communications, and
not part of USPAP
The 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.
The ending effective date for the 2024 edition of USPAP is: - ANS To be determined
Is there a difference between a Discussion Draft and an Exposure Draft, and if so, what is the
difference? - ANS An exposure draft is a formal proposal to revise USPAP, while a discussion
draft merely solicits feedback from industry participants.
You send the ASB a letter with a comment regarding a proposed change to USPAP. Who will read
it? - ANS all members of the ASB
The ASB has issued an exposure draft of proposed changes to USPAP. What must occur before
these proposed changes may be made to USPAP? - ANS The proposed changes must be
discussed and adopted at a public meeting
A stakeholder in the appraisal profession wants to participate in the USPAP revision process but
does not have the time to travel to attend ASB meetings in person. What is this individual's best
option? - ANS Register for ASB meetings and livestream them on their computer.
@COPYRIGHT ALL RIGHTS RESERVED PAGE 1 OF 10
, The PREAMBLE states that USPAP is promulgated for: - ANS Appraisers and users of appraisal
services
The primary purpose of USPAP is: - ANS Promoting and preserving public trust in appraisal
practice.
_______ change is one of the reasons why the ASB added the Nondiscrimination section to the
ETHICS RULE. - ANS Social
With regard to prohibitions on bias and discrimination, the revisions to the current edition of
USPAP were made in order to: - ANS Make existing prohibitions clearer and more direct
Which statement regarding bias and USPAP is TRUE? - ANS USPAP has always prohibited
appraisers from performing an assignment with bias.
Which term is defined in federal regulations as "a residential structure that contains one to four
living units whether or not that structure is attached to real property"? - ANS Dwelling
Which of the following is NOT a federal antidiscrimination law that is specifically referenced in
the Nondiscrimination section of the ETHICS RULE? - ANS Dodd-Frank Act
An appraiser is required to be knowledgeable of, and comply with, ____________
antidiscrimination laws and regulations - ANS Federal, state, and local
An appraiser agrees to perform an appraisal assignment on a residential property for mortgage
lending. The assignment comes to the appraiser through an appraisal management company
(AMC). Who is responsible for determining what antidiscrimination laws apply to the
assignment? - ANS The appraiser
In a real estate lending situation, an individual employs what they believe are neutral policies or
practices, however these policies are later found to disproportionately harm members of a
protected group. This individual may be guilty of a fair housing violation under the concept of
disparate: - ANS impact
@COPYRIGHT ALL RIGHTS RESERVED PAGE 2 OF 10
