USPAP 15-Hour Course Ques ons and answers Newest RATED A+ 2025/2026 Updated 100%
verified CORRECT NEW!!
The Preamble states that USPAP is - Answers for appraisers and users of appraisal services.
The stated purpose of USPAP - Answers Promote and maintain a high level of public trust in
appraisal prac ce.
When obligated by law or regula on an appraiser must - Answers comply with USPAP.
USPAP applies to which types of proper es? - Answers Tangible and Intangible
Valua on services - Answers is not a subset of appraisal prac ce.
An appraiser has the professional responsibility - Answers to iden fy the capacity in which he
or she is performing.
Reasons why an appraiser would prepare an appraisal assignment in conformance with USPAP -
Answers 1. Agreement with client.
2. Law or regula on.
3. Voluntary choice.
An appraiser who provides an appraisal service that is not an appraisal, appraisal review, or
appraisal consul ng assignment does not have workfile obliga ons associated with the
assignment. - Answers True
An individual is not prohibited from providing valua on services that involve advocacy while
ac ng as an appraiser. - Answers False
,When performing valua on services outside of appraisal prac ce, appraisers must be careful
not to _________________ the client and other intended users about their role. - Answers
Mislead
USPAP states that in a situa on when an individual is not required by law, regula on, or
agreement to comply with USPAP: - Answers The individual should s ll comply when ac ng as
an appraiser.
An appraiser is engaged to teach an appraisal course. What parts of USPAP apply? - Answers
The parts of USPAP that apply generally to appraisal prac ce.
The Appraisal Prac ces Board (APB) was created when? - Answers 2010
The APB is a(n) - Answers independent board.
Boards within The Appraisal Founda on (TAF) - Answers 1. Board of Trustees (BOT)
2. Appraisal Standards Board (ASB)
3. Appraisal Qualifica ons Board (AQB)
4. Appraisal Prac ces Board (APB)
APB is a - Answers private en ty.
The APB has authority to enforce the requirements of USPAP. - Answers False
Who has the only jurisdic on and authority over appraisers? - Answers States
, ASB - Answers Develops, interprets, and amends USPAP.
Advisory opinions - Answers Not part of USPAP; reference material only.
APB - Answers Guidance is voluntary.
ASC - Answers Maintains the official Na onal Registry of state cer fied and licensed
appraisers.
State appraisal regulatory commi>ees - Answers responsible for issuing creden als to
individual appraisers.
Responsibili es of ASC: - Answers • Establishes, improves, and promulgates the USPAP
• Subject, content, and substance of USPAP and other communica on related to appraisal
standards.
• Establishes standards of professional appraisal prac ce for the guidance and educa on of
appraisers and users of appraisal services.
• Maintains the official Na onal Registry of state cer fied and licensed appraisers.
Developing, amending, and interpre ng USPAP is NOT a responsibility of - Answers ASC
12. USPAP divides the appraisal process into two dis nct types of ac vity: - Answers Develop
and report
Iden fy the problem - Answers The first step in the appraisal process.
Communica on - Answers The repor ng process involves ________________ of the
appraiser's opinions and conclusions.
verified CORRECT NEW!!
The Preamble states that USPAP is - Answers for appraisers and users of appraisal services.
The stated purpose of USPAP - Answers Promote and maintain a high level of public trust in
appraisal prac ce.
When obligated by law or regula on an appraiser must - Answers comply with USPAP.
USPAP applies to which types of proper es? - Answers Tangible and Intangible
Valua on services - Answers is not a subset of appraisal prac ce.
An appraiser has the professional responsibility - Answers to iden fy the capacity in which he
or she is performing.
Reasons why an appraiser would prepare an appraisal assignment in conformance with USPAP -
Answers 1. Agreement with client.
2. Law or regula on.
3. Voluntary choice.
An appraiser who provides an appraisal service that is not an appraisal, appraisal review, or
appraisal consul ng assignment does not have workfile obliga ons associated with the
assignment. - Answers True
An individual is not prohibited from providing valua on services that involve advocacy while
ac ng as an appraiser. - Answers False
,When performing valua on services outside of appraisal prac ce, appraisers must be careful
not to _________________ the client and other intended users about their role. - Answers
Mislead
USPAP states that in a situa on when an individual is not required by law, regula on, or
agreement to comply with USPAP: - Answers The individual should s ll comply when ac ng as
an appraiser.
An appraiser is engaged to teach an appraisal course. What parts of USPAP apply? - Answers
The parts of USPAP that apply generally to appraisal prac ce.
The Appraisal Prac ces Board (APB) was created when? - Answers 2010
The APB is a(n) - Answers independent board.
Boards within The Appraisal Founda on (TAF) - Answers 1. Board of Trustees (BOT)
2. Appraisal Standards Board (ASB)
3. Appraisal Qualifica ons Board (AQB)
4. Appraisal Prac ces Board (APB)
APB is a - Answers private en ty.
The APB has authority to enforce the requirements of USPAP. - Answers False
Who has the only jurisdic on and authority over appraisers? - Answers States
, ASB - Answers Develops, interprets, and amends USPAP.
Advisory opinions - Answers Not part of USPAP; reference material only.
APB - Answers Guidance is voluntary.
ASC - Answers Maintains the official Na onal Registry of state cer fied and licensed
appraisers.
State appraisal regulatory commi>ees - Answers responsible for issuing creden als to
individual appraisers.
Responsibili es of ASC: - Answers • Establishes, improves, and promulgates the USPAP
• Subject, content, and substance of USPAP and other communica on related to appraisal
standards.
• Establishes standards of professional appraisal prac ce for the guidance and educa on of
appraisers and users of appraisal services.
• Maintains the official Na onal Registry of state cer fied and licensed appraisers.
Developing, amending, and interpre ng USPAP is NOT a responsibility of - Answers ASC
12. USPAP divides the appraisal process into two dis nct types of ac vity: - Answers Develop
and report
Iden fy the problem - Answers The first step in the appraisal process.
Communica on - Answers The repor ng process involves ________________ of the
appraiser's opinions and conclusions.
