MCKISSOCK USPAP CERTIFICATION
PREPARATION 2026 REVIEW SHEET SOLVED
QUESTIONS GUARANTEED PASS
◉ Why was USPAP developed?
Answer: To promote and maintain a high level of public trust as well
as confidence in professional appraisal practice
◉ What are the benefits of USPAP?
Answer: 1) Provides a common basis for comparison (eg are we
doing the appropriate work for the type of assignment?)
2) Provides a reference source for all users of the document.
3) Provides a basis for uniform enforcement for state regulatory
agencies.
4) Provides a reason for clients, other intended users, and the public
to place their trust in the services performed by professional
appraisers.
◉ What is the role of the Appraisal Standards Board (ASB) of The
Appraisal Foundation?
Answer: To develop, interpret, and amend the Uniform Standards of
Professional Appraisal Practice (USPAP).
,◉ What are the five sections of USPAP?
Answer: Preamble
Definitions
Rules
Standards (Including Standards Rules)
Statements on Appraisal Standards (currently no active statements)
◉ Are the Advisory Opinions (AO) and the Frequently Asked
Questions (FAQ) a part of USPAP?
Answer: NO. These are reference materials of "Other
Communications". They are for guidance only. These
communications do not establish new Standards or interpret
existing Standards and are not a part of USPAP.
◉ Who enforces the adherence and content of USPAP?
Answer: State and Federal Regulatory Authorities
◉ Who appoints the ASB (Appraisal Standards Board)?
Answer: Members are appointed by the BOT (Board of Trustees)
◉ What is the purpose of USPAP?
,Answer: The purpose is to promote and maintain a high level of
public trust in appraisal practice by establishing requirements for
appraisers.
◉ Who does the ASB (Appraisal Standards Board) promulgate
USPAP for?
Answer: It is promulgated for both appraisers and users of appraisal
services.
◉ What is the appraiser's responsibility?
Answer: It is to protect the overall public trust.
◉ How does USPAP address the ethical and performance obligations
of appraisers?
Answer: USPAP addresses the ethical and performance obligations
of appraisers through DEFINITIONS, RULES, STANDARDS,
STANDARDS RULES, and STATEMENTS (there are currently no active
statements).
◉ What do the DEFINITIONS portion of USPAP establish?
Answer: The DEFINITIONS establish the application of certain
terminology in USPAP.
◉ What is the purpose of the ETHICS RULE?
, Answer: The ETHICS RULE sets forth the requirements for integrity,
impartiality, objectivity, independent judgment, and ethical conduct.
◉ What does the RECORD KEEPING RULE establish?
Answer: The RECORD KEEPING RULE establishes the workfile
requirements for appraisal and appraisal review assignments.
◉ What does the COMPETENCY RULE do?
Answer: The COMPETENCY RULE presents pre-assignment and
assignment conditions for knowledge and experience.
◉ Wat does the SCOPE OF WORK RULE do?
Answer: The SCOPE OF WORK RULE presents obligations related to
problem identification, research, and analysis.
◉ What doe the JURISDICTIONAL EXCEPTION RULE do?
Answer: The JURISDICTIONAL EXCEPTION RULE preserves the
balance of USPAP if a portion is contrary to law or public policy of a
jurisdiction.
◉ What is the purpose of the STANDARDS?
Answer: The STANDARDS establish the requirements for appraisal
and appraisal review and the manner in which each is
communicated.
PREPARATION 2026 REVIEW SHEET SOLVED
QUESTIONS GUARANTEED PASS
◉ Why was USPAP developed?
Answer: To promote and maintain a high level of public trust as well
as confidence in professional appraisal practice
◉ What are the benefits of USPAP?
Answer: 1) Provides a common basis for comparison (eg are we
doing the appropriate work for the type of assignment?)
2) Provides a reference source for all users of the document.
3) Provides a basis for uniform enforcement for state regulatory
agencies.
4) Provides a reason for clients, other intended users, and the public
to place their trust in the services performed by professional
appraisers.
◉ What is the role of the Appraisal Standards Board (ASB) of The
Appraisal Foundation?
Answer: To develop, interpret, and amend the Uniform Standards of
Professional Appraisal Practice (USPAP).
,◉ What are the five sections of USPAP?
Answer: Preamble
Definitions
Rules
Standards (Including Standards Rules)
Statements on Appraisal Standards (currently no active statements)
◉ Are the Advisory Opinions (AO) and the Frequently Asked
Questions (FAQ) a part of USPAP?
Answer: NO. These are reference materials of "Other
Communications". They are for guidance only. These
communications do not establish new Standards or interpret
existing Standards and are not a part of USPAP.
◉ Who enforces the adherence and content of USPAP?
Answer: State and Federal Regulatory Authorities
◉ Who appoints the ASB (Appraisal Standards Board)?
Answer: Members are appointed by the BOT (Board of Trustees)
◉ What is the purpose of USPAP?
,Answer: The purpose is to promote and maintain a high level of
public trust in appraisal practice by establishing requirements for
appraisers.
◉ Who does the ASB (Appraisal Standards Board) promulgate
USPAP for?
Answer: It is promulgated for both appraisers and users of appraisal
services.
◉ What is the appraiser's responsibility?
Answer: It is to protect the overall public trust.
◉ How does USPAP address the ethical and performance obligations
of appraisers?
Answer: USPAP addresses the ethical and performance obligations
of appraisers through DEFINITIONS, RULES, STANDARDS,
STANDARDS RULES, and STATEMENTS (there are currently no active
statements).
◉ What do the DEFINITIONS portion of USPAP establish?
Answer: The DEFINITIONS establish the application of certain
terminology in USPAP.
◉ What is the purpose of the ETHICS RULE?
, Answer: The ETHICS RULE sets forth the requirements for integrity,
impartiality, objectivity, independent judgment, and ethical conduct.
◉ What does the RECORD KEEPING RULE establish?
Answer: The RECORD KEEPING RULE establishes the workfile
requirements for appraisal and appraisal review assignments.
◉ What does the COMPETENCY RULE do?
Answer: The COMPETENCY RULE presents pre-assignment and
assignment conditions for knowledge and experience.
◉ Wat does the SCOPE OF WORK RULE do?
Answer: The SCOPE OF WORK RULE presents obligations related to
problem identification, research, and analysis.
◉ What doe the JURISDICTIONAL EXCEPTION RULE do?
Answer: The JURISDICTIONAL EXCEPTION RULE preserves the
balance of USPAP if a portion is contrary to law or public policy of a
jurisdiction.
◉ What is the purpose of the STANDARDS?
Answer: The STANDARDS establish the requirements for appraisal
and appraisal review and the manner in which each is
communicated.
