MCKISSOCK USPAP ACTUAL FINAL EXAM | WITH COMPLETE
QUESTIONS AND ANSWERS | 2025/2026 LATEST UPDATED | 100 %
RATED AND VERIFIED SOLUTIONS | GET AN A+
Which of the following establishes minimum criteria for real property appraisers' certification
and licensing? - (ANSWER)D. Appraisers Qualification board
The primary purpose of federal monitoring of state real estate appraisers' licensing and certifying
agencies is to determine whether? - (ANSWER)D. Policies and procedures are consistent with
Title XI of FIRREA
Development of which of the following is NOT addressed by standards rule? - (ANSWER)D.
Recommended list price
Which of the following best describes advisory opinions? - (ANSWER)D. They do not
establish new standards or interpret existing standards but are issued to illustrate the applicability
of appraisal standards in specific situations.
USPAP defines an appraiser as one who? - (ANSWER)D. who is expected to perform valuation
services competently and in a manner that is independent, impartial, and objective.
,Under USPAP, confidential information is information that is classified as confidential or private
by law or regulation or information the appraiser? - (ANSWER)D. receives from the client and
is identified by the client as confidential and is not available from any other source.
The type and extent of research and analysis in an assignment defines? - (ANSWER)B. Scope
of work
When an issue necessary to the development of the value of opinion is uncertain as of the
effective date of the assignment results of the appraiser will use? - (ANSWER)D. Extraordinary
assumption
An intended user is? - (ANSWER)D. A party who is identified by the appraiser at the time of
the assignment.
Appraisal practice includes? - (ANSWER)D. All valuation services performed by an individual
acting as an appraiser.
An appraiser provides an opinion of market rent for a property, this is an example of? -
(ANSWER)A. an appraisal
, An appraiser's peer are defined as other appraisers who? - (ANSWER)A. have expertise and
competency in a similar type of assignment.
The scope of an appraisal review assignment may be? - (ANSWER)D. Any work completed as
part of an appraisal or an appraisal review assignment.
The Preamble states that the Appraisal Standards Board promulgates USPAP? - (ANSWER)C.
For appraisers and the users of appraisal services.
Real estate brokers, appraisal reviews, and automobile appraisals are all included in? -
(ANSWER)B. Evaluations services
If an appraiser agrees to perform an assignment to assist a client in pricing property for sale, the
assignment is? - (ANSWER)C. a valuation service to which USPAP applies.
An electronic signature maybe used only if the? - (ANSWER)D. appraiser applies it or
authorizes its use for a specific assignment.
QUESTIONS AND ANSWERS | 2025/2026 LATEST UPDATED | 100 %
RATED AND VERIFIED SOLUTIONS | GET AN A+
Which of the following establishes minimum criteria for real property appraisers' certification
and licensing? - (ANSWER)D. Appraisers Qualification board
The primary purpose of federal monitoring of state real estate appraisers' licensing and certifying
agencies is to determine whether? - (ANSWER)D. Policies and procedures are consistent with
Title XI of FIRREA
Development of which of the following is NOT addressed by standards rule? - (ANSWER)D.
Recommended list price
Which of the following best describes advisory opinions? - (ANSWER)D. They do not
establish new standards or interpret existing standards but are issued to illustrate the applicability
of appraisal standards in specific situations.
USPAP defines an appraiser as one who? - (ANSWER)D. who is expected to perform valuation
services competently and in a manner that is independent, impartial, and objective.
,Under USPAP, confidential information is information that is classified as confidential or private
by law or regulation or information the appraiser? - (ANSWER)D. receives from the client and
is identified by the client as confidential and is not available from any other source.
The type and extent of research and analysis in an assignment defines? - (ANSWER)B. Scope
of work
When an issue necessary to the development of the value of opinion is uncertain as of the
effective date of the assignment results of the appraiser will use? - (ANSWER)D. Extraordinary
assumption
An intended user is? - (ANSWER)D. A party who is identified by the appraiser at the time of
the assignment.
Appraisal practice includes? - (ANSWER)D. All valuation services performed by an individual
acting as an appraiser.
An appraiser provides an opinion of market rent for a property, this is an example of? -
(ANSWER)A. an appraisal
, An appraiser's peer are defined as other appraisers who? - (ANSWER)A. have expertise and
competency in a similar type of assignment.
The scope of an appraisal review assignment may be? - (ANSWER)D. Any work completed as
part of an appraisal or an appraisal review assignment.
The Preamble states that the Appraisal Standards Board promulgates USPAP? - (ANSWER)C.
For appraisers and the users of appraisal services.
Real estate brokers, appraisal reviews, and automobile appraisals are all included in? -
(ANSWER)B. Evaluations services
If an appraiser agrees to perform an assignment to assist a client in pricing property for sale, the
assignment is? - (ANSWER)C. a valuation service to which USPAP applies.
An electronic signature maybe used only if the? - (ANSWER)D. appraiser applies it or
authorizes its use for a specific assignment.
