©THESTAR 2025 ALL RIGHTS RESERVED 11:44 AM A+
Basic Appraisal Principles Ch 1-5 Exam
Questions And Answers |Latest 2025 |
Guaranteed Pass.
Who is responsible for approving education courses for licensing, certification, and re-
certification of appraisers? - Answer✔Individual states
Under the 2018 criteria, college level courses are required for - Answer✔Certified Residential
and Certified General classifications
The current AQB experience requirement for Licensed Residential Real Property Appraiser
applicants is - Answer✔1,000 hours in no less than 6 months
The current AQB Real Property Appraiser Qualification Criteria went into effect - Answer✔May
1, 2018
An appraiser is "One who is expected to perform valuation services competently and in a
manner that is independent, ___________, and ____________. - Answer✔impartial, objective
The basic requirements for state licensed and state certified appraisers had their genesis in Title
___ of FIRREA. - Answer✔XI
The Certified General Real Property Appraiser classification requires ____ hours of experience
in no fewer than ___ months. - Answer✔3,000, 18
Which of the following situations would NOT normally require an appraisal? - Answer✔life
insurance
An appraisal report - Answer✔can be either written or oral
1|Page
, ©THESTAR 2025 ALL RIGHTS RESERVED 11:44 AM A+
The Licensed Residential Real Property Appraiser classification applies to the appraisal of non-
complex one to four residential units having a transaction value __________ and complex one
to four residential units having a transaction value ____________. - Answer✔Less than
$1,000,000, less than $250,000
As part of the overall requirement for continuing education, appraisers must complete the 7-
Hour National USPAP Update Course or its equivalent ________ calendar year(s). -
Answer✔every 2
Which of the following situations would NOT normally require an appraisal? - Answer✔title
insurance
The number of required classroom education hours for Certified Residential Appraisers under
the 2018 AQB Criteria is ____ hours. - Answer✔200
Under the 2018 AQB Criteria, an applicant for a Certified Residential credential must hold a(n)
_____________. - Answer✔bachelor's degree, or alternative
As the term is used in the definition of appraiser, _________ generally means a mental state
that does not favor one side over another. - Answer✔impartial
The _____ is charged with establishing the qualifications that all the states must adopt in
licensing, certification and re-certification of appraisers. - Answer✔AQB
The continuing education requirement in the 2018 AQB Criteria (compared to the previous
criteria): - Answer✔remained unchanged
The number of required classroom hours for Certified General Appraisers under the current
AQB criteria is ____ hours. - Answer✔300
The transfer of money from low interest-bearing accounts to higher interest-bearing accounts is
referred to as - Answer✔disintermediation
True or False? The Appraisal Foundation has significant legal authority to enforce USPAP. -
Answer✔False
2|Page
Basic Appraisal Principles Ch 1-5 Exam
Questions And Answers |Latest 2025 |
Guaranteed Pass.
Who is responsible for approving education courses for licensing, certification, and re-
certification of appraisers? - Answer✔Individual states
Under the 2018 criteria, college level courses are required for - Answer✔Certified Residential
and Certified General classifications
The current AQB experience requirement for Licensed Residential Real Property Appraiser
applicants is - Answer✔1,000 hours in no less than 6 months
The current AQB Real Property Appraiser Qualification Criteria went into effect - Answer✔May
1, 2018
An appraiser is "One who is expected to perform valuation services competently and in a
manner that is independent, ___________, and ____________. - Answer✔impartial, objective
The basic requirements for state licensed and state certified appraisers had their genesis in Title
___ of FIRREA. - Answer✔XI
The Certified General Real Property Appraiser classification requires ____ hours of experience
in no fewer than ___ months. - Answer✔3,000, 18
Which of the following situations would NOT normally require an appraisal? - Answer✔life
insurance
An appraisal report - Answer✔can be either written or oral
1|Page
, ©THESTAR 2025 ALL RIGHTS RESERVED 11:44 AM A+
The Licensed Residential Real Property Appraiser classification applies to the appraisal of non-
complex one to four residential units having a transaction value __________ and complex one
to four residential units having a transaction value ____________. - Answer✔Less than
$1,000,000, less than $250,000
As part of the overall requirement for continuing education, appraisers must complete the 7-
Hour National USPAP Update Course or its equivalent ________ calendar year(s). -
Answer✔every 2
Which of the following situations would NOT normally require an appraisal? - Answer✔title
insurance
The number of required classroom education hours for Certified Residential Appraisers under
the 2018 AQB Criteria is ____ hours. - Answer✔200
Under the 2018 AQB Criteria, an applicant for a Certified Residential credential must hold a(n)
_____________. - Answer✔bachelor's degree, or alternative
As the term is used in the definition of appraiser, _________ generally means a mental state
that does not favor one side over another. - Answer✔impartial
The _____ is charged with establishing the qualifications that all the states must adopt in
licensing, certification and re-certification of appraisers. - Answer✔AQB
The continuing education requirement in the 2018 AQB Criteria (compared to the previous
criteria): - Answer✔remained unchanged
The number of required classroom hours for Certified General Appraisers under the current
AQB criteria is ____ hours. - Answer✔300
The transfer of money from low interest-bearing accounts to higher interest-bearing accounts is
referred to as - Answer✔disintermediation
True or False? The Appraisal Foundation has significant legal authority to enforce USPAP. -
Answer✔False
2|Page
