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McKissock USPAP Chapter 4 Exam
Questions And Answers 2025 Update.
What does the ethics rule establish? - Answer✔Establishes fundamental obligations of an
appraiser as part of the profession
Ethics Rule - Answer✔An appraiser must promote and preserve the public trust inherent in
professional appraisal practice by observing the highest standards of professional ethics.
Requirements of the ethics rule - Answer✔An Appraiser Must:
-Not misrepresent his or her role when providing valuation services that are outside of
appraisal practice
-Certify compliance with USPAP
-Communicate in a manner that is not misleading
Who does the ethics rule apply to? - Answer✔Individual Appraisers
Sections of Ethics Rule - Answer✔-Conduct
-Management
-Confidentiality
Activities Covered by the Ethics Rule - Answer✔-General Conduct
-Development
-Communication
Conduct Section of Ethics Rule - Answer✔-Appraiser must perform ethically and competently
-Appraiser must perform in accordance with USPAP
1
McKissock USPAP Chapter 4 Exam
Questions And Answers 2025 Update.
What does the ethics rule establish? - Answer✔Establishes fundamental obligations of an
appraiser as part of the profession
Ethics Rule - Answer✔An appraiser must promote and preserve the public trust inherent in
professional appraisal practice by observing the highest standards of professional ethics.
Requirements of the ethics rule - Answer✔An Appraiser Must:
-Not misrepresent his or her role when providing valuation services that are outside of
appraisal practice
-Certify compliance with USPAP
-Communicate in a manner that is not misleading
Who does the ethics rule apply to? - Answer✔Individual Appraisers
Sections of Ethics Rule - Answer✔-Conduct
-Management
-Confidentiality
Activities Covered by the Ethics Rule - Answer✔-General Conduct
-Development
-Communication
Conduct Section of Ethics Rule - Answer✔-Appraiser must perform ethically and competently
-Appraiser must perform in accordance with USPAP
1
