15 HR National USPAP 2026-2027, USPAP 15-Hour
Course, 15-Hour USPAP Course, Mckissock USPAP Chapter
1, Mckissock USPAP Chapter 2
(Definitions), McKissock USPAP Chapter 4,
Mckissock USPAP Chapter 7, Mckissock USPAP Chapter 8,
Mckissock USPAP Chapter 9
A review appraiser may use additional information that was not
available to the original appraiser as long as the information:
a) discredits the data in the appraisal report under review
b) is not used in a review that includes the reviewer's own
opinion of value
c) is not used as the basis to discredit the original
appraiser's value opinion
d) Supports the data in the appraisal report under review
c) is not used as the basis to discredit the original appraiser's
value opinion
,Which statement is TRUE regarding USPAP and the appraisal
review process for real property?
a) In reviewing an appraisal, the reviewer is prohibited from
developing or expressing an opinion of value
b) A reviewer who develops his or her own opinion of value must
start
from scratch and gather all of the relevant information himself or
herself
c) If the reviewer develops his or her own opinion of value, it
must be developed under the requirements of STANDARD 1.
d) A reviewer is required to develop his or her own opinion of
value if the reviewer feels the original value is not credible.
c) If the reviewer develops his or her own opinion of value, it must
be developed under the requirements of STANDARD 1.
Consistent with the reviewer's scope of work, a reviewer must
develop an opinion regarding:
a) The professional qualifications of the appraiser who
completed the work under review
b) Both of these
c) The completeness, accuracy, and reasonableness of the
work under review
c) The completeness, accuracy, and reasonableness of the work
under review
,A reviewer has been requested to also develop her own value
opinion in a review assignment. Which statement is TRUE
regarding this situation?
a) The reviewer must use the same comparable sales as the
original appraiser
b) The reviewer must use the same scope of work as the
original appraiser
c) The reviewer may use a different scope of work than the
original appraiser
d) The reviewer is prohibited from developing her own value
opinion as part of a review assignment
c) The reviewer may use a different scope of work than the original
appraiser
A reviewer is responsible for ensuring that there is _ in a review
report so that it can be properly understood by _ _.
a) Current information; intended users
b) Meaningful analysis; anyone
c) Credible Data; Anyone
d) Sufficient Information; Intended Users
d) Sufficient Information; Intended Users
, A reviewer performing an appraisal review must not sign the work
under review unless he or she:
a) Knows the appraiser who performed the work under review
b) Intends to accept the responsibility as a co-signer of the work
c) Has sufficient E&O insurance to indemnify the client against loss
d) Agrees with its conclusions
b) Intends to accept the responsibility as a co-signer of the work
What is the stated purpose of USPAP?
a) Establish requirements that licensed and certified
appraisers must follow
b) Promote and maintain a high level of public trust in appraisal
practice
c) Establish a federal appraisal enforcement agency
d) Create requirements so stringent that no appraiser can
possibly comply with them
b) Promote and maintain a high level of public trust in appraisal
practice
Course, 15-Hour USPAP Course, Mckissock USPAP Chapter
1, Mckissock USPAP Chapter 2
(Definitions), McKissock USPAP Chapter 4,
Mckissock USPAP Chapter 7, Mckissock USPAP Chapter 8,
Mckissock USPAP Chapter 9
A review appraiser may use additional information that was not
available to the original appraiser as long as the information:
a) discredits the data in the appraisal report under review
b) is not used in a review that includes the reviewer's own
opinion of value
c) is not used as the basis to discredit the original
appraiser's value opinion
d) Supports the data in the appraisal report under review
c) is not used as the basis to discredit the original appraiser's
value opinion
,Which statement is TRUE regarding USPAP and the appraisal
review process for real property?
a) In reviewing an appraisal, the reviewer is prohibited from
developing or expressing an opinion of value
b) A reviewer who develops his or her own opinion of value must
start
from scratch and gather all of the relevant information himself or
herself
c) If the reviewer develops his or her own opinion of value, it
must be developed under the requirements of STANDARD 1.
d) A reviewer is required to develop his or her own opinion of
value if the reviewer feels the original value is not credible.
c) If the reviewer develops his or her own opinion of value, it must
be developed under the requirements of STANDARD 1.
Consistent with the reviewer's scope of work, a reviewer must
develop an opinion regarding:
a) The professional qualifications of the appraiser who
completed the work under review
b) Both of these
c) The completeness, accuracy, and reasonableness of the
work under review
c) The completeness, accuracy, and reasonableness of the work
under review
,A reviewer has been requested to also develop her own value
opinion in a review assignment. Which statement is TRUE
regarding this situation?
a) The reviewer must use the same comparable sales as the
original appraiser
b) The reviewer must use the same scope of work as the
original appraiser
c) The reviewer may use a different scope of work than the
original appraiser
d) The reviewer is prohibited from developing her own value
opinion as part of a review assignment
c) The reviewer may use a different scope of work than the original
appraiser
A reviewer is responsible for ensuring that there is _ in a review
report so that it can be properly understood by _ _.
a) Current information; intended users
b) Meaningful analysis; anyone
c) Credible Data; Anyone
d) Sufficient Information; Intended Users
d) Sufficient Information; Intended Users
, A reviewer performing an appraisal review must not sign the work
under review unless he or she:
a) Knows the appraiser who performed the work under review
b) Intends to accept the responsibility as a co-signer of the work
c) Has sufficient E&O insurance to indemnify the client against loss
d) Agrees with its conclusions
b) Intends to accept the responsibility as a co-signer of the work
What is the stated purpose of USPAP?
a) Establish requirements that licensed and certified
appraisers must follow
b) Promote and maintain a high level of public trust in appraisal
practice
c) Establish a federal appraisal enforcement agency
d) Create requirements so stringent that no appraiser can
possibly comply with them
b) Promote and maintain a high level of public trust in appraisal
practice
