USPAP® 15-Hour National Course Exam 2026 | Questions &
Verified Answers | Uniform Standards of Professional
Appraisal Practice Review
1. According to USPAP, with who can the appraiser discuss confidential
information regarding an assignment without the client's specific
consent?
property owner in a refinance transaction
owner's attorney inquiring for estate planning
investigator from the Appraiser Board
another appraiser who will rely on the report
2. An appraiser agrees to perform an assignment and soon realizes that
she previously performed a valuation service involving the property
within the last three years. What is the appraiser's first obligation?
Withdraw from the assignment.
Inform the client of the prior service that she performed.
The appraiser has no disclosure obligation because she didn't
perform an appraisal in the prior service.
Provide the client with information about the prior service
including a copy of the valuation service performed.
3. What is one of the key responsibilities of an appraiser according to
USPAP?
To provide legal advice to clients.
To conduct appraisals without any ethical obligations.
To guarantee property values.
To identify the capacity in which he or she is performing.
,4. If an appraiser fails to use the required standard reporting forms as per
, STANDARD 2, what potential consequences might arise?
The appraiser will be rewarded for their creativity in reporting.
The appraiser will receive a warning but no further action will be
taken.
The appraisal will automatically be accepted by all boards.
The appraisal may be deemed non-compliant, leading to
disciplinary action or loss of credibility.
5. What is the JURISDICTIONAL EXCEPTION RULE in the context of
USPAP?
A rule that allows appraisers to deviate from USPAP standards
when required by law or regulation.
A guideline for appraisers to choose their own standards.
A principle that promotes ethical behavior among appraisers.
A standard that applies only to residential appraisals.
6. Describe the role of The Appraisal Foundation in relation to appraiser
licensing and certification.
The Appraisal Foundation conducts appraisals for real estate
transactions.
The Appraisal Foundation regulates the fees charged by
appraisers.
The Appraisal Foundation establishes the education and
experience requirements necessary for appraiser licensing and
certification.
The Appraisal Foundation provides funding for appraisal
education programs.
7. What is the required time frame for an appraiser to disclose prior
, services related to the subject property before accepting an
assignment?
At least 1 year
At least 6 months
At least 3 years
At least 5 years
8. What entity is responsible for appointing members to the ASB and the
AQB?
the Board of Trustees of The Appraisal Foundation
the U.S. Congress
HUD
Fannie Mae and Freddie Mac
9. Why are USPAP Advisory Opinions issued?
To interpret existing standards
To revise existing standards
To illustrate the applicability of appraisal standards
To establish new appraisal standards
10. An extraordinary assumption may be used in an assignment only if:
Required to develop credible results
Mandated by law or regulation
Accompanied by a limiting condition
Approved by the client
Verified Answers | Uniform Standards of Professional
Appraisal Practice Review
1. According to USPAP, with who can the appraiser discuss confidential
information regarding an assignment without the client's specific
consent?
property owner in a refinance transaction
owner's attorney inquiring for estate planning
investigator from the Appraiser Board
another appraiser who will rely on the report
2. An appraiser agrees to perform an assignment and soon realizes that
she previously performed a valuation service involving the property
within the last three years. What is the appraiser's first obligation?
Withdraw from the assignment.
Inform the client of the prior service that she performed.
The appraiser has no disclosure obligation because she didn't
perform an appraisal in the prior service.
Provide the client with information about the prior service
including a copy of the valuation service performed.
3. What is one of the key responsibilities of an appraiser according to
USPAP?
To provide legal advice to clients.
To conduct appraisals without any ethical obligations.
To guarantee property values.
To identify the capacity in which he or she is performing.
,4. If an appraiser fails to use the required standard reporting forms as per
, STANDARD 2, what potential consequences might arise?
The appraiser will be rewarded for their creativity in reporting.
The appraiser will receive a warning but no further action will be
taken.
The appraisal will automatically be accepted by all boards.
The appraisal may be deemed non-compliant, leading to
disciplinary action or loss of credibility.
5. What is the JURISDICTIONAL EXCEPTION RULE in the context of
USPAP?
A rule that allows appraisers to deviate from USPAP standards
when required by law or regulation.
A guideline for appraisers to choose their own standards.
A principle that promotes ethical behavior among appraisers.
A standard that applies only to residential appraisals.
6. Describe the role of The Appraisal Foundation in relation to appraiser
licensing and certification.
The Appraisal Foundation conducts appraisals for real estate
transactions.
The Appraisal Foundation regulates the fees charged by
appraisers.
The Appraisal Foundation establishes the education and
experience requirements necessary for appraiser licensing and
certification.
The Appraisal Foundation provides funding for appraisal
education programs.
7. What is the required time frame for an appraiser to disclose prior
, services related to the subject property before accepting an
assignment?
At least 1 year
At least 6 months
At least 3 years
At least 5 years
8. What entity is responsible for appointing members to the ASB and the
AQB?
the Board of Trustees of The Appraisal Foundation
the U.S. Congress
HUD
Fannie Mae and Freddie Mac
9. Why are USPAP Advisory Opinions issued?
To interpret existing standards
To revise existing standards
To illustrate the applicability of appraisal standards
To establish new appraisal standards
10. An extraordinary assumption may be used in an assignment only if:
Required to develop credible results
Mandated by law or regulation
Accompanied by a limiting condition
Approved by the client
