USPAP PRACTICE EXAM QUESTIONS
WITH COMPLETE SOLUTIONS 100%
GUARANTEED PASS!!
An appraiser is leaving an appraisal firm. What should be done regarding the
appraiser's work files? - Answer-the appraiser must have custody or make
arrangements for access, retrieval and retention of workfiles
To properly identify the problem to be solved, an appraiser must identify the - Answer-
type and definition of value
scope of work rule applies to all - Answer-appraisal assignments
who is responsible for the scope of work? - Answer-the appraiser
the scope of work is appropriate if it is - Answer-sufficient to produce credible
assignment results for the intended use
the appraiser report must include a disclosure in... - Answer-the appraiser performed
the assignment
the jurisdictional exception rule - Answer-preserves the balance of USPAP when in
compliance when a part of USPAP is precluded by...
In an appraisal of a property with proposed improvements, an appraiser must examine -
Answer-documentation sufficient to identify the extent and character of the proposed
improvements
a review appraiser prepared an appraisal review and stated in the report that the
reviewer had not inspected the subject property. Have any... - Answer-No, the
disclosure as stated was proper as part of the description of the scope of work
In an appraisal review assignment, the reviewer must always - Answer-identify the
purpose of the appraisal review
In an appraisal review, the data and analysis provided by the reviewer to support a
different conclusion, must match, at a minimum, the reporting requirements for -
Answer-an appraisal report
In a mass appraisal, an appraiser must - Answer-employ recognized mass appraisal
testing procedures and techniques
WITH COMPLETE SOLUTIONS 100%
GUARANTEED PASS!!
An appraiser is leaving an appraisal firm. What should be done regarding the
appraiser's work files? - Answer-the appraiser must have custody or make
arrangements for access, retrieval and retention of workfiles
To properly identify the problem to be solved, an appraiser must identify the - Answer-
type and definition of value
scope of work rule applies to all - Answer-appraisal assignments
who is responsible for the scope of work? - Answer-the appraiser
the scope of work is appropriate if it is - Answer-sufficient to produce credible
assignment results for the intended use
the appraiser report must include a disclosure in... - Answer-the appraiser performed
the assignment
the jurisdictional exception rule - Answer-preserves the balance of USPAP when in
compliance when a part of USPAP is precluded by...
In an appraisal of a property with proposed improvements, an appraiser must examine -
Answer-documentation sufficient to identify the extent and character of the proposed
improvements
a review appraiser prepared an appraisal review and stated in the report that the
reviewer had not inspected the subject property. Have any... - Answer-No, the
disclosure as stated was proper as part of the description of the scope of work
In an appraisal review assignment, the reviewer must always - Answer-identify the
purpose of the appraisal review
In an appraisal review, the data and analysis provided by the reviewer to support a
different conclusion, must match, at a minimum, the reporting requirements for -
Answer-an appraisal report
In a mass appraisal, an appraiser must - Answer-employ recognized mass appraisal
testing procedures and techniques
