MCKISSOCK USPAP COMPETENCY REVIEW
2026 MOCK TEST COMPLETE KEY INSIGHTS
◉ Why are USPAP Advisory Opinions issued?
Answer: offer advice
◉ Which of these is considered an integral part of USPAP and has
the same weight as the components the address?
Answer: Comments
◉ Which part of USPAP establishes the requirements for workfile
content for an appraisal or appraisal review assignment?
Answer: RECORD KEEPING RULE
◉ When obligated by law or regulation, an appraiser _______ comply
with USPAP.
Answer: must
◉ The PREAMBLE states that USPAP intended to benefit:
Answer: Appraisers and users of appraisal services
◉ To which property types does USPAP apply?
,Answer: Both tangible and intangible property
◉ What is the stated purpose of USPAP?
Answer: Promote and maintain a high level of public trust in
appraisal practice
◉ An appraiser has the professional responsibility to identify the
capacity in which performing.
Answer: True
◉ The requirement for USPAP compliance in an appraisal
assignment could be the result of:
Answer: Any of these answers (agreement with the client, voluntary
choice by the appraiser, law or regulation)
◉ USPAP States that in a situation when an individual is not
required by law, regulation, or agreement to comply with USPAP:
Answer: The individual should still comply when he or she is acting
as an appraiser
◉ A valuation service that is premised upon advocacy:
Answer: It cannot be performed by an individual acting as an
appraiser
, ◉ When performing valuation services outside of appraisal practice,
an individual must be careful not to ______ the client and other
intended users about his or her role.
Answer: mislead
◉ A preference or inclination that precludes an appraiser's
impartiality, independence, or objectivity is:
Answer: bias
◉ An appraiser is permitted to be biased when performing an
appraisal, as long as the bias is properly disclosed.
Answer: False
◉ If an appraiser assumes a condition to be true that does not exist
for the purposes of analysis, this is an example of:
Answer: A hypothetical condition
◉ if an appraiser assumes the condition to be true, and evidence
supports that belief, although that fact is not certain, this is an
example of:
Answer: An extraordinary assumption
2026 MOCK TEST COMPLETE KEY INSIGHTS
◉ Why are USPAP Advisory Opinions issued?
Answer: offer advice
◉ Which of these is considered an integral part of USPAP and has
the same weight as the components the address?
Answer: Comments
◉ Which part of USPAP establishes the requirements for workfile
content for an appraisal or appraisal review assignment?
Answer: RECORD KEEPING RULE
◉ When obligated by law or regulation, an appraiser _______ comply
with USPAP.
Answer: must
◉ The PREAMBLE states that USPAP intended to benefit:
Answer: Appraisers and users of appraisal services
◉ To which property types does USPAP apply?
,Answer: Both tangible and intangible property
◉ What is the stated purpose of USPAP?
Answer: Promote and maintain a high level of public trust in
appraisal practice
◉ An appraiser has the professional responsibility to identify the
capacity in which performing.
Answer: True
◉ The requirement for USPAP compliance in an appraisal
assignment could be the result of:
Answer: Any of these answers (agreement with the client, voluntary
choice by the appraiser, law or regulation)
◉ USPAP States that in a situation when an individual is not
required by law, regulation, or agreement to comply with USPAP:
Answer: The individual should still comply when he or she is acting
as an appraiser
◉ A valuation service that is premised upon advocacy:
Answer: It cannot be performed by an individual acting as an
appraiser
, ◉ When performing valuation services outside of appraisal practice,
an individual must be careful not to ______ the client and other
intended users about his or her role.
Answer: mislead
◉ A preference or inclination that precludes an appraiser's
impartiality, independence, or objectivity is:
Answer: bias
◉ An appraiser is permitted to be biased when performing an
appraisal, as long as the bias is properly disclosed.
Answer: False
◉ If an appraiser assumes a condition to be true that does not exist
for the purposes of analysis, this is an example of:
Answer: A hypothetical condition
◉ if an appraiser assumes the condition to be true, and evidence
supports that belief, although that fact is not certain, this is an
example of:
Answer: An extraordinary assumption
