2020-2021 15-HOUR NATIONAL
K
USPAP COURSE EXAM
C
QUESTIONS AND CORRECT
LO
DETAILED / VERIFIED
YC
ANSWERS LATEST UPDATE
D
U
ST
, Who is responsible for issuing credentials to individual appraisers? - ANS State
appraiser regulatory agencies are responsible for receiving and processing applications
for licensure and certification, and for issuing credentials to qualified individuals.
Which is NOT a responsibility of the Appraisal Subcommittee (ASC)? - ANS USPAP
is written, interpreted, and amended by the Appraisal Standards Board (ASB). The other
answers listed are all responsibilities of the ASC.
USPAP is enforced by: - ANS The responsibility of enforcing USPAP is provided to
the individual state appraiser licensing and certification agencies.
K
The USPAP Blueprint - ANS The PREAMBLE describes the overall purpose and
C
structure of USPAP.
The PREAMBLE includes a section titled STATEMENTS ON APPRAISAL
STANDARDS. Statements are not addressed in this course since there are currently no
LO
active Statements.
The DEFINITIONS section contains terms that have distinct meanings in USPAP.
The ETHICS RULE describes the general ethical requirements for appraisers.
The RECORD KEEPING RULE defines what must be included in a workfile for an
appraisal or appraisal review assignment.
YC
The COMPETENCY RULE describes general performance requirements for appraisers.
The SCOPE OF WORK RULE elaborates on problem identification, determination of an
appropriate scope of work, and disclosure of the scope of work that was performed.
The JURISDICTIONAL EXCEPTION RULE recognizes that laws or regulations take
precedence over USPAP in certain situations.
D
The USPAP Blueprint, Part Two - ANS STANDARD 1 - Real Property Appraisal,
U
Development
STANDARD 2 - Real Property Appraisal, Reporting
STANDARD 3 - Appraisal Review, Development
ST
STANDARD 4 - Appraisal Review, Reporting
STANDARD 5 - Mass Appraisal, Development
STANDARD 6 - Mass Appraisal, Reporting
STANDARD 7 - Personal Property Appraisal, Development
STANDARD 8 - Personal Property Appraisal, Reporting
STANDARD 9 - Business Appraisal, Development
STANDARD 10 - Business Appraisal, Reporting
Which of these is considered an integral part of USPAP and has the same weight as the
components they address? - ANS Comments are an integral part of USPAP and have
K
USPAP COURSE EXAM
C
QUESTIONS AND CORRECT
LO
DETAILED / VERIFIED
YC
ANSWERS LATEST UPDATE
D
U
ST
, Who is responsible for issuing credentials to individual appraisers? - ANS State
appraiser regulatory agencies are responsible for receiving and processing applications
for licensure and certification, and for issuing credentials to qualified individuals.
Which is NOT a responsibility of the Appraisal Subcommittee (ASC)? - ANS USPAP
is written, interpreted, and amended by the Appraisal Standards Board (ASB). The other
answers listed are all responsibilities of the ASC.
USPAP is enforced by: - ANS The responsibility of enforcing USPAP is provided to
the individual state appraiser licensing and certification agencies.
K
The USPAP Blueprint - ANS The PREAMBLE describes the overall purpose and
C
structure of USPAP.
The PREAMBLE includes a section titled STATEMENTS ON APPRAISAL
STANDARDS. Statements are not addressed in this course since there are currently no
LO
active Statements.
The DEFINITIONS section contains terms that have distinct meanings in USPAP.
The ETHICS RULE describes the general ethical requirements for appraisers.
The RECORD KEEPING RULE defines what must be included in a workfile for an
appraisal or appraisal review assignment.
YC
The COMPETENCY RULE describes general performance requirements for appraisers.
The SCOPE OF WORK RULE elaborates on problem identification, determination of an
appropriate scope of work, and disclosure of the scope of work that was performed.
The JURISDICTIONAL EXCEPTION RULE recognizes that laws or regulations take
precedence over USPAP in certain situations.
D
The USPAP Blueprint, Part Two - ANS STANDARD 1 - Real Property Appraisal,
U
Development
STANDARD 2 - Real Property Appraisal, Reporting
STANDARD 3 - Appraisal Review, Development
ST
STANDARD 4 - Appraisal Review, Reporting
STANDARD 5 - Mass Appraisal, Development
STANDARD 6 - Mass Appraisal, Reporting
STANDARD 7 - Personal Property Appraisal, Development
STANDARD 8 - Personal Property Appraisal, Reporting
STANDARD 9 - Business Appraisal, Development
STANDARD 10 - Business Appraisal, Reporting
Which of these is considered an integral part of USPAP and has the same weight as the
components they address? - ANS Comments are an integral part of USPAP and have
