USPAP FINAL EXAM WITH CORRECT
ACTUAL QUESTIONS AND CORRECTLY
WELL DEFINED ANSWERS LATEST
ALREADY GRADED A+ 2025 – 2026
If a client requests a more current valuation on a property
that was the subject of a prior assignment, this is a(n)
____________. - ANSWERS-new assignment
A trainee assisted a senior appraiser in an appraisal
assignment, but the trainee appraiser does not sign a
certification. The trainee's name is stated in the certification
as having provided significant appraisal assistance. Is a
description of the trainee's assistance also required to be in
the certification? - ANSWERS-No
If a supervising appraiser makes changes to a trainee's
appraisal report which the trainee does not agree with, the
trainee should - ANSWERS-not sign the certification
,The subject of an appraisal review assignment may be -
ANSWERS-another appraiser's work that is completed as
part of an appraisal or appraisal review assignment
In STANDARD 3, the word "reviewer" means: - ANSWERS-an
appraiser who is performing an appraisal review
USPAP is written, amended, and interpreted by the: -
ANSWERS-Appraisal Standards Board (ASB)
USPAP is enforced by: - ANSWERS-State appraiser
licensing/certification agencies
Which is NOT a responsibility of the Appraisal
Subcommittee (ASC)? - ANSWERS-Writing, interpreting, and
amending USPAP
WRONG Answers: Monitoring the practices, procedures,
and activities of The Appraisal Foundation, Maintaining a
National Registry of licensed and certified appraisers,
Overseeing each state's appraiser licensing and certification
program are handled by the ASC
,Which entity maintains the official National Registry of
state-certified and licensed appraisers? - ANSWERS-
Appraisal Subcommittee (ASC)
Who is responsible for issuing credentials to individual
appraisers? - ANSWERS-State appraisal regulatory agencies
Why are USPAP Advisory Opinions issued? - ANSWERS-To
offer advice
Which of these is considered an integral part of USPAP and
has the same weight as the components they address? -
ANSWERS-Comments
Which part of USPAP establishes the requirements for
workfile content for an appraisal or appraisal review
assignment? - ANSWERS-RECORD KEEPING RULE
In USPAP, the appraisal process is divided into two distinct
types of activity: _________ and __________. - ANSWERS-
Development, reporting
, The first step in the appraisal process is: - ANSWERS-Identify
the problem
Which step in the appraisal process involves communication
of the appraiser's opinions and conclusions? - ANSWERS-
Reporting
To which property types does USPAP apply? - ANSWERS-
Both tangible and intangible property
What is the stated purpose of USPAP? - ANSWERS-Promote
and maintain a high level of public trust in appraisal practice
The PREAMBLE states that USPAP intended to benefit: -
ANSWERS-Appraisers and users of appraisal services
When obligated by law or regulation, an appraiser _______
comply with USPAP. - ANSWERS-Must
The requirement for USPAP compliance in an appraisal
assignment could be the result of: - ANSWERS-Any of these
answers
ACTUAL QUESTIONS AND CORRECTLY
WELL DEFINED ANSWERS LATEST
ALREADY GRADED A+ 2025 – 2026
If a client requests a more current valuation on a property
that was the subject of a prior assignment, this is a(n)
____________. - ANSWERS-new assignment
A trainee assisted a senior appraiser in an appraisal
assignment, but the trainee appraiser does not sign a
certification. The trainee's name is stated in the certification
as having provided significant appraisal assistance. Is a
description of the trainee's assistance also required to be in
the certification? - ANSWERS-No
If a supervising appraiser makes changes to a trainee's
appraisal report which the trainee does not agree with, the
trainee should - ANSWERS-not sign the certification
,The subject of an appraisal review assignment may be -
ANSWERS-another appraiser's work that is completed as
part of an appraisal or appraisal review assignment
In STANDARD 3, the word "reviewer" means: - ANSWERS-an
appraiser who is performing an appraisal review
USPAP is written, amended, and interpreted by the: -
ANSWERS-Appraisal Standards Board (ASB)
USPAP is enforced by: - ANSWERS-State appraiser
licensing/certification agencies
Which is NOT a responsibility of the Appraisal
Subcommittee (ASC)? - ANSWERS-Writing, interpreting, and
amending USPAP
WRONG Answers: Monitoring the practices, procedures,
and activities of The Appraisal Foundation, Maintaining a
National Registry of licensed and certified appraisers,
Overseeing each state's appraiser licensing and certification
program are handled by the ASC
,Which entity maintains the official National Registry of
state-certified and licensed appraisers? - ANSWERS-
Appraisal Subcommittee (ASC)
Who is responsible for issuing credentials to individual
appraisers? - ANSWERS-State appraisal regulatory agencies
Why are USPAP Advisory Opinions issued? - ANSWERS-To
offer advice
Which of these is considered an integral part of USPAP and
has the same weight as the components they address? -
ANSWERS-Comments
Which part of USPAP establishes the requirements for
workfile content for an appraisal or appraisal review
assignment? - ANSWERS-RECORD KEEPING RULE
In USPAP, the appraisal process is divided into two distinct
types of activity: _________ and __________. - ANSWERS-
Development, reporting
, The first step in the appraisal process is: - ANSWERS-Identify
the problem
Which step in the appraisal process involves communication
of the appraiser's opinions and conclusions? - ANSWERS-
Reporting
To which property types does USPAP apply? - ANSWERS-
Both tangible and intangible property
What is the stated purpose of USPAP? - ANSWERS-Promote
and maintain a high level of public trust in appraisal practice
The PREAMBLE states that USPAP intended to benefit: -
ANSWERS-Appraisers and users of appraisal services
When obligated by law or regulation, an appraiser _______
comply with USPAP. - ANSWERS-Must
The requirement for USPAP compliance in an appraisal
assignment could be the result of: - ANSWERS-Any of these
answers
