2026/2027
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27
USPAP Questions with Detailed
Verified Answers
A new edition of USPAP has been released. Which statement is true
regarding the effective date of this new edition of USPAP? Ans: The
ASB determines when the edition of USPAP will be effective.
You are reading an Advisory Opinion in the USPAP publication.
Officially, Advisory Opinions are considered: Ans: Other
communications, and not part of USPAP
Which statement is most accurate regarding the ASB's analysis of
comments to exposure drafts? Ans: Each member of the ASB reads and
considers all comments.
The ASB releases an exposure draft of proposed changes to USPAP, and
you wish to provide comments. At a minimum, you will have _______
to provide comments to the ASB. Ans: 30 days
As the terms are used by the ASB, what is the difference between a
Discussion Draft and an Exposure Draft? Ans: An Exposure Draft is a
formal proposal to revise USPAP, while a Discussion Draft merely
solicits feedback from industry participants.
Changes to USPAP may only be made after: Ans: Completion of the
exposure process and discussion and adoption at a public meeting
You want to participate in the USPAP revision process but are busy
and prefer not to travel. What is your best option? Ans: Register for
ASB meetings and livestream them on your computer as they are
happening.
Fair housing laws would apply to an appraisal of _________, but not to
the appraisal of ____________. Ans: A duplex, a medical office
, One common thread in news articles about appraisers is the allegation
that the appraisal process is ________. Conversely, USPAP requires an
appraiser to be ________. Ans: Subjective, objective
Published stories alleging bias and discrimination by appraisers have
appeared: Ans: In news outlets across the country
When does USPAP prohibit an appraiser from using or relying on
SUPPORTED conclusions about protected classes? Ans: When such
conclusions violate federal, state, or local laws
In which of these situations might it be appropriate for an appraiser
to research the number of members of a protected class and use
supported conclusions regarding members of this protected class in an
appraisal assignment? Ans: When appraising a unit in an age-
restricted (55 and older) community
An appraiser is valuing a residential property in a divorce case. The
appraiser develops an inclination that precludes his impartiality and
objectivity in the assignment, yet he proceeds with the appraisal
anyway. It can accurately be stated that the appraiser is: Ans: Biased
An appraiser issues an appraisal report on a single-unit residence that
understated the GLA by 20%. Which statement is most accurate about
this situation? Ans: The report is misleading, and may constitute a
violation of USPAP.
Which statement is true regarding the ETHICS RULE? Ans: Violations
of the ETHICS RULE are among the most serious, and usually result in
significant sanctions by state enforcement agencies.
Which part of USPAP requires an appraiser to be aware of, and comply
with, fair housing laws and regulations that may apply in an
assignment? Ans: The COMPETENCY RULE
Which of these actions is a good way for appraisers to continually
remind themselves of their ethical obligations, including the
Gmail:
27
USPAP Questions with Detailed
Verified Answers
A new edition of USPAP has been released. Which statement is true
regarding the effective date of this new edition of USPAP? Ans: The
ASB determines when the edition of USPAP will be effective.
You are reading an Advisory Opinion in the USPAP publication.
Officially, Advisory Opinions are considered: Ans: Other
communications, and not part of USPAP
Which statement is most accurate regarding the ASB's analysis of
comments to exposure drafts? Ans: Each member of the ASB reads and
considers all comments.
The ASB releases an exposure draft of proposed changes to USPAP, and
you wish to provide comments. At a minimum, you will have _______
to provide comments to the ASB. Ans: 30 days
As the terms are used by the ASB, what is the difference between a
Discussion Draft and an Exposure Draft? Ans: An Exposure Draft is a
formal proposal to revise USPAP, while a Discussion Draft merely
solicits feedback from industry participants.
Changes to USPAP may only be made after: Ans: Completion of the
exposure process and discussion and adoption at a public meeting
You want to participate in the USPAP revision process but are busy
and prefer not to travel. What is your best option? Ans: Register for
ASB meetings and livestream them on your computer as they are
happening.
Fair housing laws would apply to an appraisal of _________, but not to
the appraisal of ____________. Ans: A duplex, a medical office
, One common thread in news articles about appraisers is the allegation
that the appraisal process is ________. Conversely, USPAP requires an
appraiser to be ________. Ans: Subjective, objective
Published stories alleging bias and discrimination by appraisers have
appeared: Ans: In news outlets across the country
When does USPAP prohibit an appraiser from using or relying on
SUPPORTED conclusions about protected classes? Ans: When such
conclusions violate federal, state, or local laws
In which of these situations might it be appropriate for an appraiser
to research the number of members of a protected class and use
supported conclusions regarding members of this protected class in an
appraisal assignment? Ans: When appraising a unit in an age-
restricted (55 and older) community
An appraiser is valuing a residential property in a divorce case. The
appraiser develops an inclination that precludes his impartiality and
objectivity in the assignment, yet he proceeds with the appraisal
anyway. It can accurately be stated that the appraiser is: Ans: Biased
An appraiser issues an appraisal report on a single-unit residence that
understated the GLA by 20%. Which statement is most accurate about
this situation? Ans: The report is misleading, and may constitute a
violation of USPAP.
Which statement is true regarding the ETHICS RULE? Ans: Violations
of the ETHICS RULE are among the most serious, and usually result in
significant sanctions by state enforcement agencies.
Which part of USPAP requires an appraiser to be aware of, and comply
with, fair housing laws and regulations that may apply in an
assignment? Ans: The COMPETENCY RULE
Which of these actions is a good way for appraisers to continually
remind themselves of their ethical obligations, including the
