15HR USPAP MCKISSOCK CORRECT EXAMS
ANSWERS AND QUESTIONS SET A+
✔✔An appraiser's report must contain _________ to allow intended users to understand
the scope of work performed. - ✔✔Sufficient information
✔✔An appraiser must not allow client objectives to cause the assignment results to be
_________. - ✔✔biased
✔✔The SCOPE OF WORK RULE provides appraisers with significant flexibility. Along
with that flexibility comes: - ✔✔responsibility
✔✔If a client's objectives result in an appraiser developing biased assignment results: -
✔✔The appraiser is solely responsible
✔✔An appraiser's peers are defined as other appraisers who: - ✔✔Have expertise and
competency in a similar type of assignment
✔✔An appraiser is engaged to appraise a single-unit dwelling. Upon inspection of the
property, the appraiser realizes it is a three-unit dwelling. The appraiser's best course of
action is: - ✔✔Reconsider the scope of work before proceeding
✔✔In reporting the scope of work in an appraisal or appraisal review report: - ✔✔The
report must contain sufficient information so that intended users understand the scope
of work
✔✔If an assignment involves a jurisdictional exception, what must an appraiser do? -
✔✔Identify the law, comply with the law, disclose in the report the part of USPAP that is
voided, and cite in the report the law that caused the jurisdictional exception
✔✔When a law or regulation precludes compliance with any part of USPAP, appraisers
must: - ✔✔Comply with that law or regulation
, ✔✔If USPAP compliance is mandated by federal law, no state or local law can create a
jurisdictional exception. - ✔✔True
✔✔What is the purpose of the JURISDICTIONAL EXCEPTION RULE? - ✔✔To provide
a saving or severability clause to preserve the balance of USPAP
✔✔As used in the JURISDICTIONAL EXCEPTION RULE, the term "law" includes
____________. - ✔✔All of these answers (court-made laws, legislative laws,
administrative rules and ordinances)
✔✔The use of the JURISDICTIONAL EXCEPTION RULE in an assignment is a matter
of choice by an appraiser - ✔✔False
✔✔Is it permissible to use instructions from an attorney as a basis for a jurisdictional
exception? - ✔✔No
✔✔Which of these would be considered an example of a jurisdictional exception in an
appraisal assignment? - ✔✔A probate court paying appraisers based on the value of
the subject property
✔✔When does a jurisdictional exception occur in an assignment? - ✔✔It is automatic
when a law precludes compliance with a part of USPAP
✔✔A state passes a law requiring appraisers to keep their workfiles for 10 years after
preparation. Is this a jurisdictional exception under USPAP? - ✔✔No
✔✔Which statement is FALSE regarding STANDARD 1 - ✔✔It covers real and personal
property appraisal development.
✔✔The requirements of STANDARD 1 can be used as a checklist by an appraiser who
is developing a real property appraisal. - ✔✔True
✔✔If a mortgage borrower receives a copy of an appraisal report from a mortgage
lender as a result of disclosure requirements: - ✔✔This does not make the borrower an
intended user
✔✔When does a series of minor errors potentially result in a USPAP violation? -
✔✔When the series of errors affects the credibility of the results
✔✔An appraiser's client wishes to remain anonymous, and asks the appraiser not to
include client's identity in an appraisal report. What should the appraiser do? - ✔✔Omit
the client's identity from the report but document the client's identity in the workfile.
ANSWERS AND QUESTIONS SET A+
✔✔An appraiser's report must contain _________ to allow intended users to understand
the scope of work performed. - ✔✔Sufficient information
✔✔An appraiser must not allow client objectives to cause the assignment results to be
_________. - ✔✔biased
✔✔The SCOPE OF WORK RULE provides appraisers with significant flexibility. Along
with that flexibility comes: - ✔✔responsibility
✔✔If a client's objectives result in an appraiser developing biased assignment results: -
✔✔The appraiser is solely responsible
✔✔An appraiser's peers are defined as other appraisers who: - ✔✔Have expertise and
competency in a similar type of assignment
✔✔An appraiser is engaged to appraise a single-unit dwelling. Upon inspection of the
property, the appraiser realizes it is a three-unit dwelling. The appraiser's best course of
action is: - ✔✔Reconsider the scope of work before proceeding
✔✔In reporting the scope of work in an appraisal or appraisal review report: - ✔✔The
report must contain sufficient information so that intended users understand the scope
of work
✔✔If an assignment involves a jurisdictional exception, what must an appraiser do? -
✔✔Identify the law, comply with the law, disclose in the report the part of USPAP that is
voided, and cite in the report the law that caused the jurisdictional exception
✔✔When a law or regulation precludes compliance with any part of USPAP, appraisers
must: - ✔✔Comply with that law or regulation
, ✔✔If USPAP compliance is mandated by federal law, no state or local law can create a
jurisdictional exception. - ✔✔True
✔✔What is the purpose of the JURISDICTIONAL EXCEPTION RULE? - ✔✔To provide
a saving or severability clause to preserve the balance of USPAP
✔✔As used in the JURISDICTIONAL EXCEPTION RULE, the term "law" includes
____________. - ✔✔All of these answers (court-made laws, legislative laws,
administrative rules and ordinances)
✔✔The use of the JURISDICTIONAL EXCEPTION RULE in an assignment is a matter
of choice by an appraiser - ✔✔False
✔✔Is it permissible to use instructions from an attorney as a basis for a jurisdictional
exception? - ✔✔No
✔✔Which of these would be considered an example of a jurisdictional exception in an
appraisal assignment? - ✔✔A probate court paying appraisers based on the value of
the subject property
✔✔When does a jurisdictional exception occur in an assignment? - ✔✔It is automatic
when a law precludes compliance with a part of USPAP
✔✔A state passes a law requiring appraisers to keep their workfiles for 10 years after
preparation. Is this a jurisdictional exception under USPAP? - ✔✔No
✔✔Which statement is FALSE regarding STANDARD 1 - ✔✔It covers real and personal
property appraisal development.
✔✔The requirements of STANDARD 1 can be used as a checklist by an appraiser who
is developing a real property appraisal. - ✔✔True
✔✔If a mortgage borrower receives a copy of an appraisal report from a mortgage
lender as a result of disclosure requirements: - ✔✔This does not make the borrower an
intended user
✔✔When does a series of minor errors potentially result in a USPAP violation? -
✔✔When the series of errors affects the credibility of the results
✔✔An appraiser's client wishes to remain anonymous, and asks the appraiser not to
include client's identity in an appraisal report. What should the appraiser do? - ✔✔Omit
the client's identity from the report but document the client's identity in the workfile.
