National USPAP Course Exam with all Correct & 100%
Verified Answers |Actual Complete Update |Already
Graded A+
The Appraisal Foundation has the authority to enforce the requirements of USPAP. ✔Correct
Answer-False
Currently, the boards within the Appraisal Foundation include: ✔Correct Answer-Appraisal
Standards Board, Appraisal Qualifications Board, Board of Trustees
Which Foundation board is responsible for USPAP? ✔Correct Answer-Appraisal Standards
Board
Qualification criteria for appraiser certification and recertification are disseminated to state
appraisal boards by the: ✔Correct Answer-Appraisal Qualifications Board
Which entity is responsible for establishing education and experience requirements for licensing
and certification of appraisers? ✔Correct Answer-Appraisal Qualifications Board
Which entity appoints members of the AQB and ASB? ✔Correct Answer-Board of Trustees
USPAP is written, amended, and interpreted by the: ✔Correct Answer-Appraisal Standards
Board
Advisory Opinions are best described as: ✔Correct Answer-not part of USPAP, but included as
reference material
Who is responsible for issuing credentials to individual appraisers? ✔Correct Answer-State
appraisal regulatory agencies
Which entity maintains the official National Registry of state-certified and licensed appraisers?
✔Correct Answer-Appraisal Subcommittee (ASC)
Which is NOT a responsibility of the Appraisal Subcommittee (ASC)? ✔Correct Answer-writing,
interpreting and amending USPAP
USPAP is enforced by: ✔Correct Answer-state appraiser licensing/certification agencies
Which part of USPAP establishes the requirements for workfile content for an appraisal or
appraisal review assignment? ✔Correct Answer-Record Keeping Rule
, Why are USPAP Advisory Opinions issued? ✔Correct Answer-to offer advice
Which of these is considered an integral part of USPAP and has the same weight as the
components they address? ✔Correct Answer-comments
The first step in the appraisal process is: ✔Correct Answer-identify the problem
In USPAP, the appraisal process is divided into two distinct types of activity: _________ and
__________. ✔Correct Answer-development, reporting
Which step in the appraisal process involves communication of the appraiser's opinions and
conclusions? ✔Correct Answer-reporting
The PREAMBLE states that USPAP intended to benefit: ✔Correct Answer-appraisers and users
of appraisal services
When obligated by law or regulation, an appraiser _______ comply with USPAP. ✔Correct
Answer-must
What is the stated purpose of USPAP? ✔Correct Answer-Promote and maintain a high level of
public trust in appraisal practice
To which property types does USPAP apply? ✔Correct Answer-Both tangible and intangible
property
An appraiser has the professional responsibility to identify the capacity in which he or she is
performing. ✔Correct Answer-true
The requirement for USPAP compliance in an appraisal assignment could be the result of
✔Correct Answer-law or regulation, voluntary choice by the appraiser, or agreement with the
client
A valuation service that is premised upon advocacy: ✔Correct Answer-cannot be performed
by an individual acting as an appraiser
When performing valuation services outside of appraisal practice, an individual must be careful
not to __________ the client and other intended users about his or her role. ✔Correct
Answer-mislead
USPAP states that in a situation when an individual is not required by law, regulation, or
agreement to comply with USPAP: ✔Correct Answer-the individual should still comply when
he or she is acting as an appraiser
Verified Answers |Actual Complete Update |Already
Graded A+
The Appraisal Foundation has the authority to enforce the requirements of USPAP. ✔Correct
Answer-False
Currently, the boards within the Appraisal Foundation include: ✔Correct Answer-Appraisal
Standards Board, Appraisal Qualifications Board, Board of Trustees
Which Foundation board is responsible for USPAP? ✔Correct Answer-Appraisal Standards
Board
Qualification criteria for appraiser certification and recertification are disseminated to state
appraisal boards by the: ✔Correct Answer-Appraisal Qualifications Board
Which entity is responsible for establishing education and experience requirements for licensing
and certification of appraisers? ✔Correct Answer-Appraisal Qualifications Board
Which entity appoints members of the AQB and ASB? ✔Correct Answer-Board of Trustees
USPAP is written, amended, and interpreted by the: ✔Correct Answer-Appraisal Standards
Board
Advisory Opinions are best described as: ✔Correct Answer-not part of USPAP, but included as
reference material
Who is responsible for issuing credentials to individual appraisers? ✔Correct Answer-State
appraisal regulatory agencies
Which entity maintains the official National Registry of state-certified and licensed appraisers?
✔Correct Answer-Appraisal Subcommittee (ASC)
Which is NOT a responsibility of the Appraisal Subcommittee (ASC)? ✔Correct Answer-writing,
interpreting and amending USPAP
USPAP is enforced by: ✔Correct Answer-state appraiser licensing/certification agencies
Which part of USPAP establishes the requirements for workfile content for an appraisal or
appraisal review assignment? ✔Correct Answer-Record Keeping Rule
, Why are USPAP Advisory Opinions issued? ✔Correct Answer-to offer advice
Which of these is considered an integral part of USPAP and has the same weight as the
components they address? ✔Correct Answer-comments
The first step in the appraisal process is: ✔Correct Answer-identify the problem
In USPAP, the appraisal process is divided into two distinct types of activity: _________ and
__________. ✔Correct Answer-development, reporting
Which step in the appraisal process involves communication of the appraiser's opinions and
conclusions? ✔Correct Answer-reporting
The PREAMBLE states that USPAP intended to benefit: ✔Correct Answer-appraisers and users
of appraisal services
When obligated by law or regulation, an appraiser _______ comply with USPAP. ✔Correct
Answer-must
What is the stated purpose of USPAP? ✔Correct Answer-Promote and maintain a high level of
public trust in appraisal practice
To which property types does USPAP apply? ✔Correct Answer-Both tangible and intangible
property
An appraiser has the professional responsibility to identify the capacity in which he or she is
performing. ✔Correct Answer-true
The requirement for USPAP compliance in an appraisal assignment could be the result of
✔Correct Answer-law or regulation, voluntary choice by the appraiser, or agreement with the
client
A valuation service that is premised upon advocacy: ✔Correct Answer-cannot be performed
by an individual acting as an appraiser
When performing valuation services outside of appraisal practice, an individual must be careful
not to __________ the client and other intended users about his or her role. ✔Correct
Answer-mislead
USPAP states that in a situation when an individual is not required by law, regulation, or
agreement to comply with USPAP: ✔Correct Answer-the individual should still comply when
he or she is acting as an appraiser
