15 HR NATIONAL USPAP EXAM
QUESTIONS AND ANSWERS 2026
VERIFIED.
What is USPAP? - ANS Uniform Standards of Professional Appraisal Practice
Why was USPAP developed? - ANS To promote and maintain a high level of public trust as
well as confidence in professional appraisal practice
What are the benefits of USPAP? - ANS 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? -
ANS To develop, interpret, and amend the Uniform Standards of Professional Appraisal
Practice (USPAP).
What are the five sections of USPAP? - ANS Preamble
Definitions
Rules
Standards (Including Standards Rules)
@COPYRIGHT ALL RIGHTS RESERVED PAGE 1 OF 122
,Statements on Appraisal Standards (currently no active statements)
Are the Advisory Opinions (AO) and the Frequently Asked Questions (FAQ) a part of USPAP? -
ANS 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? - ANS State and Federal Regulatory
Authorities
Who appoints the ASB (Appraisal Standards Board)? - ANS Members are appointed by the
BOT (Board of Trustees)
What is the purpose of USPAP? - ANS 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? - ANS It is
promulgated for both appraisers and users of appraisal services.
What is the appraiser's responsibility? - ANS It is to protect the overall public trust.
How does USPAP address the ethical and performance obligations of appraisers? -
ANS 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? - ANS The DEFINITIONS establish the
application of certain terminology in USPAP.
What is the purpose of the ETHICS RULE? - ANS The ETHICS RULE sets forth the requirements
for integrity, impartiality, objectivity, independent judgment, and ethical conduct.
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,What does the RECORD KEEPING RULE establish? - ANS The RECORD KEEPING RULE
establishes the workfile requirements for appraisal and appraisal review assignments.
What does the COMPETENCY RULE do? - ANS The COMPETENCY RULE presents pre-
assignment and assignment conditions for knowledge and experience.
Wat does the SCOPE OF WORK RULE do? - ANS The SCOPE OF WORK RULE presents
obligations related to problem identification, research, and analysis.
What doe the JURISDICTIONAL EXCEPTION RULE do? - ANS 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? - ANS The STANDARDS establish the requirements
for appraisal and appraisal review and the manner in which each is communicated.
What is the purpose of STANDARDS 1 and 2? - ANS STANDARDS 1 & 2 establishes
requirements for the development and communication of a real property appraisal.
What is the purpose of STANDARDS 3 and 4? - ANS STANDARDS 3 and 4 establishes
requirements for the development and communication of an appraisal review.
What is the purpose of STANDARDS 5 and 6? - ANS STANDARDS 5 & 6 establishes
requirements for the development and communication of a mass appraisal.
What is the purpose of STANDARDS 7 and 8? - ANS STANDARDS 7 and 8 establishes
requirements for the development and communication of a personal property appraisal.
What is the purpose of STANDARDS 9 and 10? - ANS STANDARDS 9 & 10 establishes
requirements for the development and communication of a business or intangible asset
appraisal.
@COPYRIGHT ALL RIGHTS RESERVED PAGE 3 OF 122
, What is the purpose of the COMMENTS of USPAP? - ANS Comments are an integral part of
USPAP and have the same weight as the component they address. These extensions of the
DEFINITIONS, RULES, and STANDARDS RULES provide interpretation and establish the context
and conditions for application.
Does USPAP establish who or which assignments must comply? - ANS NO. USPAP does not
establish who or which assignments must comply.
What are the limitations of The Appraisal Foundation? - ANS The Appraisal Foundation is not
a government entity. It does not have the power to make, judge, or enforce law.
What are the limitations of the Appraisal Standards Board? - ANS The Appraisal Standards
Board is not a government entity. It does not have the power to make, judge, or enforce law.
When must an appraiser comply with USPAP? - ANS An appraiser must comply with USPAP
when either the service or the appraiser is required by law, regulation, or agreement with the
client. Individuals may also choose to comply with USPAP any time that individual is performing
the service as an appraiser.
What must an appraiser do to comply with USPAP? - ANS - An appraiser must act
competently and in a manner that is independent, impartial, and objective.
- An appraiser must comply with the ETHICS RULE in all aspects of appraisal practice.
- An appraiser must maintain the data, information and analysis necessary to support his or her
opinions for appraisal and appraisal review assignments in accordance with the RECORD
KEEPING RULE.
- An appraiser must comply with the COMPETENCY RULE and the JURISDICTIONAL EXCEPTION
RULE for all assignments.
- When an appraiser provides an opinion of value in an assignment, the appraiser must also
comply with the SCOPE OF WORK RULE, the RECORD KEEPING RULE, the applicable
development and reporting Standards and applicable Statements (there are currently no active
Statements).
- When an appraiser provides an option about the quality of another appraiser's work that was
performed as part of an appraisal or appraisal review assignment, the appraiser must also
comply with the SCOPE OF WORK RULE, the RECORD KEEPING RULE, applicable portions of
STANDARDS 3 and 4, and applicable Statements (there are currently no active Statements).
@COPYRIGHT ALL RIGHTS RESERVED PAGE 4 OF 122
QUESTIONS AND ANSWERS 2026
VERIFIED.
What is USPAP? - ANS Uniform Standards of Professional Appraisal Practice
Why was USPAP developed? - ANS To promote and maintain a high level of public trust as
well as confidence in professional appraisal practice
What are the benefits of USPAP? - ANS 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? -
ANS To develop, interpret, and amend the Uniform Standards of Professional Appraisal
Practice (USPAP).
What are the five sections of USPAP? - ANS Preamble
Definitions
Rules
Standards (Including Standards Rules)
@COPYRIGHT ALL RIGHTS RESERVED PAGE 1 OF 122
,Statements on Appraisal Standards (currently no active statements)
Are the Advisory Opinions (AO) and the Frequently Asked Questions (FAQ) a part of USPAP? -
ANS 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? - ANS State and Federal Regulatory
Authorities
Who appoints the ASB (Appraisal Standards Board)? - ANS Members are appointed by the
BOT (Board of Trustees)
What is the purpose of USPAP? - ANS 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? - ANS It is
promulgated for both appraisers and users of appraisal services.
What is the appraiser's responsibility? - ANS It is to protect the overall public trust.
How does USPAP address the ethical and performance obligations of appraisers? -
ANS 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? - ANS The DEFINITIONS establish the
application of certain terminology in USPAP.
What is the purpose of the ETHICS RULE? - ANS The ETHICS RULE sets forth the requirements
for integrity, impartiality, objectivity, independent judgment, and ethical conduct.
@COPYRIGHT ALL RIGHTS RESERVED PAGE 2 OF 122
,What does the RECORD KEEPING RULE establish? - ANS The RECORD KEEPING RULE
establishes the workfile requirements for appraisal and appraisal review assignments.
What does the COMPETENCY RULE do? - ANS The COMPETENCY RULE presents pre-
assignment and assignment conditions for knowledge and experience.
Wat does the SCOPE OF WORK RULE do? - ANS The SCOPE OF WORK RULE presents
obligations related to problem identification, research, and analysis.
What doe the JURISDICTIONAL EXCEPTION RULE do? - ANS 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? - ANS The STANDARDS establish the requirements
for appraisal and appraisal review and the manner in which each is communicated.
What is the purpose of STANDARDS 1 and 2? - ANS STANDARDS 1 & 2 establishes
requirements for the development and communication of a real property appraisal.
What is the purpose of STANDARDS 3 and 4? - ANS STANDARDS 3 and 4 establishes
requirements for the development and communication of an appraisal review.
What is the purpose of STANDARDS 5 and 6? - ANS STANDARDS 5 & 6 establishes
requirements for the development and communication of a mass appraisal.
What is the purpose of STANDARDS 7 and 8? - ANS STANDARDS 7 and 8 establishes
requirements for the development and communication of a personal property appraisal.
What is the purpose of STANDARDS 9 and 10? - ANS STANDARDS 9 & 10 establishes
requirements for the development and communication of a business or intangible asset
appraisal.
@COPYRIGHT ALL RIGHTS RESERVED PAGE 3 OF 122
, What is the purpose of the COMMENTS of USPAP? - ANS Comments are an integral part of
USPAP and have the same weight as the component they address. These extensions of the
DEFINITIONS, RULES, and STANDARDS RULES provide interpretation and establish the context
and conditions for application.
Does USPAP establish who or which assignments must comply? - ANS NO. USPAP does not
establish who or which assignments must comply.
What are the limitations of The Appraisal Foundation? - ANS The Appraisal Foundation is not
a government entity. It does not have the power to make, judge, or enforce law.
What are the limitations of the Appraisal Standards Board? - ANS The Appraisal Standards
Board is not a government entity. It does not have the power to make, judge, or enforce law.
When must an appraiser comply with USPAP? - ANS An appraiser must comply with USPAP
when either the service or the appraiser is required by law, regulation, or agreement with the
client. Individuals may also choose to comply with USPAP any time that individual is performing
the service as an appraiser.
What must an appraiser do to comply with USPAP? - ANS - An appraiser must act
competently and in a manner that is independent, impartial, and objective.
- An appraiser must comply with the ETHICS RULE in all aspects of appraisal practice.
- An appraiser must maintain the data, information and analysis necessary to support his or her
opinions for appraisal and appraisal review assignments in accordance with the RECORD
KEEPING RULE.
- An appraiser must comply with the COMPETENCY RULE and the JURISDICTIONAL EXCEPTION
RULE for all assignments.
- When an appraiser provides an opinion of value in an assignment, the appraiser must also
comply with the SCOPE OF WORK RULE, the RECORD KEEPING RULE, the applicable
development and reporting Standards and applicable Statements (there are currently no active
Statements).
- When an appraiser provides an option about the quality of another appraiser's work that was
performed as part of an appraisal or appraisal review assignment, the appraiser must also
comply with the SCOPE OF WORK RULE, the RECORD KEEPING RULE, applicable portions of
STANDARDS 3 and 4, and applicable Statements (there are currently no active Statements).
@COPYRIGHT ALL RIGHTS RESERVED PAGE 4 OF 122
