USPAP APPRAISAL STANDARDS REVIEW
2026 QUESTIONS WITH SOLUTIONS
TESTED QUESTIONS.
Which statement regarding bias and USPAP is TRUE? Answer:
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"? Answer: Dwelling
Which of the following is NOT a federal antidiscrimination law that
is specifically referenced in the Nondiscrimination section of the
ETHICS RULE? Answer: Dodd-Frank Act
An appraiser is required to be knowledgeable of, and comply with,
____________ antidiscrimination laws and regulations. Answer:
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? Answer: 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:. Answer: impact
An appraiser does not want to provide subjective statements in their
appraisal reports, so they research the U.S. Census Bureau for
demographic information. They then include in each appraisal report, a
page with a printout of information from the Census Bureau, which
includes the racial and ethnic makeup of the market area. Since the
information came from the Census Bureau, which is part of the federal
government, may the appraiser use or rely on this data in valuing the
subject property for a federally regulated lending transaction? Answer:
No, in most instances, an appraiser is prohibited from using or relying
on this information about protected characteristics
An appraiser is offered the opportunity to perform an appraisal
assignment on a residence in a market area with which the appraiser is
geographically competent. However, the appraiser discovers the client is
a member of a racial minority group and declines to perform the
appraisal. Does USPAP permit the appraiser to refuse to enter into an
agreement to perform an assignment based on the client's race? Answer:
, No, the practice of refusing to enter into an appraisal assignment
because of the client's race violates USPAP
A state passes a law that prohibits housing discrimination based on a
person's political affiliation. Is this an example of a "state and local
antidiscrimination" law? Answer: Yes, because state laws may establish
additional protected classes
An appraiser is valuing a nonresidential property. According to the
appraiser's research, there are no antidiscrimination laws that apply to
the appraiser or to the assignment. In that case, is the appraiser allowed,
under USPAP, to use or rely on the personal characteristics of
individuals in developing this appraisal? Answer: Yes, there are
circumstances where USPAP allows the appraiser to use and rely on the
personal characteristics of individuals
In valuing property, USPAP prohibits an appraiser from basing an
opinion of value on the premise that homogeneity of ___________ of a
geographic area is relevant for the appraisal. Answer: Inhabitants
An appraiser is valuing a property in an area where there is a large
number of residents of a particular ethnicity. The appraiser researches
and uses comparables from a community 10 miles away, which was
selected because it has a similar ethnic makeup. The appraiser states in
the report, "The comparables are located in a community with similar
access to employment." According to USPAP, the appraiser has
2026 QUESTIONS WITH SOLUTIONS
TESTED QUESTIONS.
Which statement regarding bias and USPAP is TRUE? Answer:
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"? Answer: Dwelling
Which of the following is NOT a federal antidiscrimination law that
is specifically referenced in the Nondiscrimination section of the
ETHICS RULE? Answer: Dodd-Frank Act
An appraiser is required to be knowledgeable of, and comply with,
____________ antidiscrimination laws and regulations. Answer:
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? Answer: 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:. Answer: impact
An appraiser does not want to provide subjective statements in their
appraisal reports, so they research the U.S. Census Bureau for
demographic information. They then include in each appraisal report, a
page with a printout of information from the Census Bureau, which
includes the racial and ethnic makeup of the market area. Since the
information came from the Census Bureau, which is part of the federal
government, may the appraiser use or rely on this data in valuing the
subject property for a federally regulated lending transaction? Answer:
No, in most instances, an appraiser is prohibited from using or relying
on this information about protected characteristics
An appraiser is offered the opportunity to perform an appraisal
assignment on a residence in a market area with which the appraiser is
geographically competent. However, the appraiser discovers the client is
a member of a racial minority group and declines to perform the
appraisal. Does USPAP permit the appraiser to refuse to enter into an
agreement to perform an assignment based on the client's race? Answer:
, No, the practice of refusing to enter into an appraisal assignment
because of the client's race violates USPAP
A state passes a law that prohibits housing discrimination based on a
person's political affiliation. Is this an example of a "state and local
antidiscrimination" law? Answer: Yes, because state laws may establish
additional protected classes
An appraiser is valuing a nonresidential property. According to the
appraiser's research, there are no antidiscrimination laws that apply to
the appraiser or to the assignment. In that case, is the appraiser allowed,
under USPAP, to use or rely on the personal characteristics of
individuals in developing this appraisal? Answer: Yes, there are
circumstances where USPAP allows the appraiser to use and rely on the
personal characteristics of individuals
In valuing property, USPAP prohibits an appraiser from basing an
opinion of value on the premise that homogeneity of ___________ of a
geographic area is relevant for the appraisal. Answer: Inhabitants
An appraiser is valuing a property in an area where there is a large
number of residents of a particular ethnicity. The appraiser researches
and uses comparables from a community 10 miles away, which was
selected because it has a similar ethnic makeup. The appraiser states in
the report, "The comparables are located in a community with similar
access to employment." According to USPAP, the appraiser has
