MCKISSOCK USPAP EXAMPREP 2026 ACTUAL
EXAM QUESTIONS AND SOLUTIONS GRADED
A+
◍ 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.
EXAM QUESTIONS AND SOLUTIONS GRADED
A+
◍ 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.
