©FYNDLAY 2025 ALL RIGHTS RESERVED 5:17 PM A+
USPAP Exam Questions And Answers
|Latest 2025 | Guaranteed Pass
When an appraiser uses a hypothetical condition in an appraisal, USPAP requires the appraiser
to: - Answer✔Clearly and conspicuously state the use of the hypothetical condition in the
report
Which term is defined as an assignment condition established by applicable law or regulation,
which precludes an appraiser from complying with a part of USPAP? - Answer✔Jurisdictional
exception
Which of these actions would be considered significant appraisal assistance when performed by
an appraiser? - Answer✔Research and selection of comparable sales
An appraiser develops a value opinion on a single-unit dwelling and does not develop the
income approach. In the Appraisal Report prepared for the assignment, the appraiser: -
Answer✔Must state the reason for excluding the income approach
According to USPAP, what is the primary reason for inspecting a property that is the subject of
an appraisal? - Answer✔To gather information about the characteristics of a property that are
relevant to its value
Robert agrees to appraise a split-level home in a town 100 miles south of his office. While he is
not generally familiar with that area, Robert rationalizes: "I have appraised houses like this one
for 20 years. How hard could it be?"
1
, ©FYNDLAY 2025 ALL RIGHTS RESERVED 5:17 PM A+
When Robert pulls up to the house, he notices the subject is in a gated community. Robert had
never appraised a property in a gated community. As Robert inspected the interior of the
subject he noted several items and finishes with which he was not familiar: marble floor
coverings; upscale, built-in freezers; and a wine cellar. As Robert exits the back door, he notices
the subject property fronts on a river. While this river does not connect directly with the ocean,
it does connect with a network of streams that do, ultimately lead to the ocean.
Robert is quite concerned. He has had no experience appraising a house with some of the
features he has seen; and he has never appraised wat - Answer✔Robert should contact the
client as soon as possible and explain that he lacks the knowledge and experience to complete
the assignment competently. If he feels he can obtain the required level of competency, and
the client allows him, then Robert may proceed with the assignment.
The SCOPE OF WORK RULE states that an appraisal or appraisal review report must contain
sufficient information so that: - Answer✔The client and other intended users understand the
scope of work performed by the appraiser
You have reviewed the appraisal of a house in a suburban area that was performed for an
estate. The effective date was the date of inspection. You note in your review report that the
proper effective date should have been the date of death of the deceased, and submit the
review to your client. Two weeks later the client calls you. They thank you for the review, and
note that they cannot reach the original appraiser. They need the appraisal very soon, and ask
that, as part of the review process, you alter the appraisal report under review to change the
effective date, and then sign the report certification. What should you do? - Answer✔Do not
sign the report, and explain that the review process is separate and distinct from the appraisal
under review
If an appraiser has agreed with a client to keep the existence of an assignment confidential,
how long must the appraiser wait before agreeing to perform another assignment on the same
property? - Answer✔Three years
A trainee appraiser provides significant appraisal assistance to a senior appraiser. The trainee
appraiser does not sign the certification, but instead the trainee appraiser's name is listed in the
certification as having provided significant assistance. What else is the senior appraiser required
to do in order to meet USPAP requirements for disclosing significant appraisal assistance in an
Appraisal Report? - Answer✔Summarize the extent of the assistance somewhere in the report
2
, ©FYNDLAY 2025 ALL RIGHTS RESERVED 5:17 PM A+
An individual is both a real estate appraiser and a kitchen designer. He has been asked to
appraise a property in which he designed the kitchen one year ago. Regarding this situation,
which statement is TRUE? - Answer✔The kitchen design service performed on the property
must be disclosed.
You are a certified residential appraiser, and are working with a supervising certified general
appraiser on an industrial appraisal. Your supervisor is a certified general appraiser with 25
years' experience appraising shopping centers, industrial facilities, and office buildings. You and
the supervisor sign the commercial reports you have been working on. While inspecting the
subject property you note a patch of blackened grass behind the building. The black patch is
near some overturned, open barrels. You made detailed notes and took several photos. Your
report has a detailed section about your concerns.Your supervisor is concerned about your
report. She told you the client, a major bank, would not be happy about a report that details
dying grass. The supervisor tells you to remove that section of the report.You have trepidations,
but your supervisor threatened not to work with you anymore unless you "remove t -
Answer✔Do not sign the report because deleting the section about possible contamination will
create a misleading report
A client makes several requests of an appraiser who is completing an appraisal assignment.
Which of these client requests is an assignment condition as defined by USPAP? - Answer✔The
appraiser must, at minimum, develop the sales comparison and the cost approach
Which entity has final authority over USPAP and any changes to USPAP? - Answer✔The
Appraisal Standards Board
Which statement is TRUE about the effective date of an appraisal? - Answer✔It establishes the
context of the value opinion.
In order for an appraiser to use a hypothetical condition in the development of an appraisal,
USPAP requires which of the following conditions to be met? - Answer✔The use of the
hypothetical condition must result in a credible analysis
3
USPAP Exam Questions And Answers
|Latest 2025 | Guaranteed Pass
When an appraiser uses a hypothetical condition in an appraisal, USPAP requires the appraiser
to: - Answer✔Clearly and conspicuously state the use of the hypothetical condition in the
report
Which term is defined as an assignment condition established by applicable law or regulation,
which precludes an appraiser from complying with a part of USPAP? - Answer✔Jurisdictional
exception
Which of these actions would be considered significant appraisal assistance when performed by
an appraiser? - Answer✔Research and selection of comparable sales
An appraiser develops a value opinion on a single-unit dwelling and does not develop the
income approach. In the Appraisal Report prepared for the assignment, the appraiser: -
Answer✔Must state the reason for excluding the income approach
According to USPAP, what is the primary reason for inspecting a property that is the subject of
an appraisal? - Answer✔To gather information about the characteristics of a property that are
relevant to its value
Robert agrees to appraise a split-level home in a town 100 miles south of his office. While he is
not generally familiar with that area, Robert rationalizes: "I have appraised houses like this one
for 20 years. How hard could it be?"
1
, ©FYNDLAY 2025 ALL RIGHTS RESERVED 5:17 PM A+
When Robert pulls up to the house, he notices the subject is in a gated community. Robert had
never appraised a property in a gated community. As Robert inspected the interior of the
subject he noted several items and finishes with which he was not familiar: marble floor
coverings; upscale, built-in freezers; and a wine cellar. As Robert exits the back door, he notices
the subject property fronts on a river. While this river does not connect directly with the ocean,
it does connect with a network of streams that do, ultimately lead to the ocean.
Robert is quite concerned. He has had no experience appraising a house with some of the
features he has seen; and he has never appraised wat - Answer✔Robert should contact the
client as soon as possible and explain that he lacks the knowledge and experience to complete
the assignment competently. If he feels he can obtain the required level of competency, and
the client allows him, then Robert may proceed with the assignment.
The SCOPE OF WORK RULE states that an appraisal or appraisal review report must contain
sufficient information so that: - Answer✔The client and other intended users understand the
scope of work performed by the appraiser
You have reviewed the appraisal of a house in a suburban area that was performed for an
estate. The effective date was the date of inspection. You note in your review report that the
proper effective date should have been the date of death of the deceased, and submit the
review to your client. Two weeks later the client calls you. They thank you for the review, and
note that they cannot reach the original appraiser. They need the appraisal very soon, and ask
that, as part of the review process, you alter the appraisal report under review to change the
effective date, and then sign the report certification. What should you do? - Answer✔Do not
sign the report, and explain that the review process is separate and distinct from the appraisal
under review
If an appraiser has agreed with a client to keep the existence of an assignment confidential,
how long must the appraiser wait before agreeing to perform another assignment on the same
property? - Answer✔Three years
A trainee appraiser provides significant appraisal assistance to a senior appraiser. The trainee
appraiser does not sign the certification, but instead the trainee appraiser's name is listed in the
certification as having provided significant assistance. What else is the senior appraiser required
to do in order to meet USPAP requirements for disclosing significant appraisal assistance in an
Appraisal Report? - Answer✔Summarize the extent of the assistance somewhere in the report
2
, ©FYNDLAY 2025 ALL RIGHTS RESERVED 5:17 PM A+
An individual is both a real estate appraiser and a kitchen designer. He has been asked to
appraise a property in which he designed the kitchen one year ago. Regarding this situation,
which statement is TRUE? - Answer✔The kitchen design service performed on the property
must be disclosed.
You are a certified residential appraiser, and are working with a supervising certified general
appraiser on an industrial appraisal. Your supervisor is a certified general appraiser with 25
years' experience appraising shopping centers, industrial facilities, and office buildings. You and
the supervisor sign the commercial reports you have been working on. While inspecting the
subject property you note a patch of blackened grass behind the building. The black patch is
near some overturned, open barrels. You made detailed notes and took several photos. Your
report has a detailed section about your concerns.Your supervisor is concerned about your
report. She told you the client, a major bank, would not be happy about a report that details
dying grass. The supervisor tells you to remove that section of the report.You have trepidations,
but your supervisor threatened not to work with you anymore unless you "remove t -
Answer✔Do not sign the report because deleting the section about possible contamination will
create a misleading report
A client makes several requests of an appraiser who is completing an appraisal assignment.
Which of these client requests is an assignment condition as defined by USPAP? - Answer✔The
appraiser must, at minimum, develop the sales comparison and the cost approach
Which entity has final authority over USPAP and any changes to USPAP? - Answer✔The
Appraisal Standards Board
Which statement is TRUE about the effective date of an appraisal? - Answer✔It establishes the
context of the value opinion.
In order for an appraiser to use a hypothetical condition in the development of an appraisal,
USPAP requires which of the following conditions to be met? - Answer✔The use of the
hypothetical condition must result in a credible analysis
3
