USPAP 2026 Question and Answer |
Complete Exam Prep Using Previously
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• USPAP benefits providers of appraisal services and -✓✓users of
appraisal services.
• Which is NOT considered significant real property appraisal
assistance? -✓✓collecting employment data for use in analysis
• A valuation service performed by an individual acting as an appraiser
requires the appraiser to -✓✓inquire about the intended user's
expectations.
• When an individual is performing valuation services outside of
appraisal practice, that individual must be careful to -✓✓not
misrepresent his role.
• When choosing to provide a valuation service as an appraiser or in
some other capacity, great care must be taken to -✓✓maintain public
trust.
• A real property appraiser teaching appraisal is engaged in -
✓✓appraisal practice with no applicable Standards (1-10).
,• A lender has telephoned an appraiser to determine the high and low
sales prices in the past year that took place in the Green Hills
Subdivision. No mention was made of a subject property by the lender.
The appraiser has supplied a list of all of the sales within the past year in
the subdivision and billed the lender for service. The service being
provided by the appraiser is -✓✓appraisal practice with no performance
standards or record keeping requirements.
• In accordance with USPAP, which is NOT an expectation when acting
in the role of an appraiser? -✓✓holding a state license or certification
• Compliance with USPAP is required when obligated by -
✓✓agreement, law, or regulation.
• When an appraiser is providing a service other than an appraisal or
appraisal review, which would NOT apply? -✓✓RECORD KEEPING
RULE
• Zachary's client instructs him to report a specific property value as a
condition of the assignment. The assignment -✓✓is a violation of the
ETHICS RULE.
• Which of these activities does the Conduct section of the ETHICS
RULE prohibit? -✓✓criminal conduct
, • Jack appraised a residential dwelling that is located across the street
from a factory that he determined is negatively affecting the value of the
subject property. Jack applied a location adjustment in his sales
comparison approach. However, the client asked that the factory not be
discussed in the appraisal report. Since Jack addressed the condition
with an adjustment, has he complied with USPAP? -✓✓no, omitting the
discussion could produce a misleading report
• Anthony received an appraisal assignment for a property that was
previously appraised by him. He understands that be must handle
confidential information appropriately. What else must Anthony do? -
✓✓make proper disclosure regarding the prior assignment
• Marcus was hired to appraise a home that be had previously appraised
one year ago. May Marcus accept the assignment? -✓✓yes, as long as
he discloses the previous service on the property to the client and in the
subsequent report certification
• A real property appraiser has paid a fee to procure an appraisal
assignment. According to the Management section of the ETHICS
RULE, where must the fee be disclosed? -✓✓in the certification and
any transmittal letter
• Josh received an appraisal request from a lender-client who told him,
to immediately call if the value on the property is less than the amount
stipulated by the lender, as he doesn't intend to pay for an appraisal that
won't benefit his position. Will acceptance of this assignment be in
Complete Exam Prep Using Previously
Tested Content
• USPAP benefits providers of appraisal services and -✓✓users of
appraisal services.
• Which is NOT considered significant real property appraisal
assistance? -✓✓collecting employment data for use in analysis
• A valuation service performed by an individual acting as an appraiser
requires the appraiser to -✓✓inquire about the intended user's
expectations.
• When an individual is performing valuation services outside of
appraisal practice, that individual must be careful to -✓✓not
misrepresent his role.
• When choosing to provide a valuation service as an appraiser or in
some other capacity, great care must be taken to -✓✓maintain public
trust.
• A real property appraiser teaching appraisal is engaged in -
✓✓appraisal practice with no applicable Standards (1-10).
,• A lender has telephoned an appraiser to determine the high and low
sales prices in the past year that took place in the Green Hills
Subdivision. No mention was made of a subject property by the lender.
The appraiser has supplied a list of all of the sales within the past year in
the subdivision and billed the lender for service. The service being
provided by the appraiser is -✓✓appraisal practice with no performance
standards or record keeping requirements.
• In accordance with USPAP, which is NOT an expectation when acting
in the role of an appraiser? -✓✓holding a state license or certification
• Compliance with USPAP is required when obligated by -
✓✓agreement, law, or regulation.
• When an appraiser is providing a service other than an appraisal or
appraisal review, which would NOT apply? -✓✓RECORD KEEPING
RULE
• Zachary's client instructs him to report a specific property value as a
condition of the assignment. The assignment -✓✓is a violation of the
ETHICS RULE.
• Which of these activities does the Conduct section of the ETHICS
RULE prohibit? -✓✓criminal conduct
, • Jack appraised a residential dwelling that is located across the street
from a factory that he determined is negatively affecting the value of the
subject property. Jack applied a location adjustment in his sales
comparison approach. However, the client asked that the factory not be
discussed in the appraisal report. Since Jack addressed the condition
with an adjustment, has he complied with USPAP? -✓✓no, omitting the
discussion could produce a misleading report
• Anthony received an appraisal assignment for a property that was
previously appraised by him. He understands that be must handle
confidential information appropriately. What else must Anthony do? -
✓✓make proper disclosure regarding the prior assignment
• Marcus was hired to appraise a home that be had previously appraised
one year ago. May Marcus accept the assignment? -✓✓yes, as long as
he discloses the previous service on the property to the client and in the
subsequent report certification
• A real property appraiser has paid a fee to procure an appraisal
assignment. According to the Management section of the ETHICS
RULE, where must the fee be disclosed? -✓✓in the certification and
any transmittal letter
• Josh received an appraisal request from a lender-client who told him,
to immediately call if the value on the property is less than the amount
stipulated by the lender, as he doesn't intend to pay for an appraisal that
won't benefit his position. Will acceptance of this assignment be in
