©FYNDLAY 2025 ALL RIGHTS RESERVED 5:17 PM A+
Uspap Final Exam Questions And Answers
|Latest 2025 | Guaranteed Pass
STANDARD 5 is most similar in structure to: - Answer✔STANDARD 1
STANDARD 5, Mass Appraisal, Development, applies to: - Answer✔Both real and personal
property
Notifications sent to property owners of the results of a mass appraisal, which may be required
by public policy, are considered: - Answer✔Notifications, and not reports
An appraiser is engaged by her local county assessment board to complete an appraisal on an
apartment building for ad valorem taxation purposes. Which USPAP STANDARD(S) apply to this
assignment? - Answer✔STANDARDS 1 and 2
In a written mass appraisal report prepared under STANDARD 6, what is the purpose of a signed
certification? - Answer✔It serves as an appraiser's acknowledgement of his or her ethical
obligations
An appraiser must recognize that there are distinct levels of trade in personal property, and
each may have different comparable data. - Answer✔True
In a personal property appraisal assignment that includes multiple objects as part of the same
assignment: - Answer✔The objects that are more significant to the assignment results should
be the focus of the analysis
1
, ©FYNDLAY 2025 ALL RIGHTS RESERVED 5:17 PM A+
When appraising personal property, the appraiser must analyze prior sales of the subject over
what time period? - Answer✔A reasonable and applicable time
Under STANDARD 8, a personal property appraiser has ____ written report options. -
Answer✔2
Which of the following reports require a signed certification? - Answer✔All oral and written
reports covered in USPAP
An appraiser is developing an appraisal and will be reporting it in a Restricted Appraisal Report.
Because this less detailed reporting option is being used, is the appraiser permitted to use an
abbreviated appraisal development process? - Answer✔No
An appraiser's certification in a business or intangible asset appraisal report does not: -
Answer✔Contain a reference to the inspection of the subject property
A written business appraisal report must be prepared in accordance with which of the following
options? - Answer✔Appraisal Report or Restricted Appraisal Report
In order to determine the appropriate scope of work, the appraiser must ________ the
problem to be solved. - Answer✔Identify
The credibility of assignment results is measured in the context of: - Answer✔The intended use
Appraisers have broad _________ and significant _________ in determining the appropriate
scope of work in an assignment. - Answer✔Flexibility, responsibility
Identification of the intended use of an appraiser's opinions and conclusions is: -
Answer✔Necessary for determining the appropriate scope of work
2
, ©FYNDLAY 2025 ALL RIGHTS RESERVED 5:17 PM A+
Intended use is: - Answer✔Identified by the appraiser on the basis of communication with the
client
Examples of assignment conditions include: - Answer✔All of these answers
The responsibility for determining an appropriate scope of work rests with the: -
Answer✔Appraiser
In an appraisal or appraisal review assignment, the scope of work is an ___________ process. -
Answer✔Ongoing
An appraiser's report must contain ____________ to allow intended users to understand the
scope of work performed. - Answer✔Sufficient information
An appraiser must not allow client objectives to cause the assignment results to be _________.
- Answer✔Biased
If a client's objectives result in an appraiser developing biased assignment results: -
Answer✔The appraiser is solely responsible
The SCOPE OF WORK RULE provides appraisers with significant flexibility. Along with that
flexibility comes: - Answer✔Responsibility
An appraiser's peers are defined as other appraisers who: - Answer✔Have expertise and
competency in a similar type of assignment
In reporting the scope of work in an appraisal or appraisal review report: - Answer✔The report
must contain sufficient information so that intended users understand the scope of work
3
, ©FYNDLAY 2025 ALL RIGHTS RESERVED 5:17 PM A+
An appraiser is engaged to appraise a single-unit dwelling. Upon inspection of the property, the
appraiser realizes it is a three-unit dwelling. The appraiser's best course of action is: -
Answer✔Reconsider the scope of work before proceeding
Which entity appoints members of the AQB and ASB? - Answer✔4 sectiosn
STANDARD 1 of USPAP addresses: - Answer✔Real property appraisal reporting
Monica is an appraiser and a real estate broker. She brokers the sale of a small mixed-use
property. Thirty months later, she is asked by a local lending institution to appraise the property
for a refinance loan. Which statement is TRUE regarding this situation? - Answer✔She is
required to disclose to the client that she had previously provided brokerage services on the
property.
USPAP is enforced by: - Answer✔State Regulatory Agencies
USPAP states that a real property appraisal report must contain sufficient information so that: -
Answer✔Anyone can understand it
USPAP is developed, interpreted, and amended by the: - Answer✔Appraisal Standards Board
Under USPAP, if an unlicensed individual acts as an appraiser, he or she: - Answer✔Is
considered an appraiser
What type of report does USPAP require an appraiser to use when appraising a single-family
property? - Answer✔The appropriate Fannie Mae/Freddie Mac report form
4
Uspap Final Exam Questions And Answers
|Latest 2025 | Guaranteed Pass
STANDARD 5 is most similar in structure to: - Answer✔STANDARD 1
STANDARD 5, Mass Appraisal, Development, applies to: - Answer✔Both real and personal
property
Notifications sent to property owners of the results of a mass appraisal, which may be required
by public policy, are considered: - Answer✔Notifications, and not reports
An appraiser is engaged by her local county assessment board to complete an appraisal on an
apartment building for ad valorem taxation purposes. Which USPAP STANDARD(S) apply to this
assignment? - Answer✔STANDARDS 1 and 2
In a written mass appraisal report prepared under STANDARD 6, what is the purpose of a signed
certification? - Answer✔It serves as an appraiser's acknowledgement of his or her ethical
obligations
An appraiser must recognize that there are distinct levels of trade in personal property, and
each may have different comparable data. - Answer✔True
In a personal property appraisal assignment that includes multiple objects as part of the same
assignment: - Answer✔The objects that are more significant to the assignment results should
be the focus of the analysis
1
, ©FYNDLAY 2025 ALL RIGHTS RESERVED 5:17 PM A+
When appraising personal property, the appraiser must analyze prior sales of the subject over
what time period? - Answer✔A reasonable and applicable time
Under STANDARD 8, a personal property appraiser has ____ written report options. -
Answer✔2
Which of the following reports require a signed certification? - Answer✔All oral and written
reports covered in USPAP
An appraiser is developing an appraisal and will be reporting it in a Restricted Appraisal Report.
Because this less detailed reporting option is being used, is the appraiser permitted to use an
abbreviated appraisal development process? - Answer✔No
An appraiser's certification in a business or intangible asset appraisal report does not: -
Answer✔Contain a reference to the inspection of the subject property
A written business appraisal report must be prepared in accordance with which of the following
options? - Answer✔Appraisal Report or Restricted Appraisal Report
In order to determine the appropriate scope of work, the appraiser must ________ the
problem to be solved. - Answer✔Identify
The credibility of assignment results is measured in the context of: - Answer✔The intended use
Appraisers have broad _________ and significant _________ in determining the appropriate
scope of work in an assignment. - Answer✔Flexibility, responsibility
Identification of the intended use of an appraiser's opinions and conclusions is: -
Answer✔Necessary for determining the appropriate scope of work
2
, ©FYNDLAY 2025 ALL RIGHTS RESERVED 5:17 PM A+
Intended use is: - Answer✔Identified by the appraiser on the basis of communication with the
client
Examples of assignment conditions include: - Answer✔All of these answers
The responsibility for determining an appropriate scope of work rests with the: -
Answer✔Appraiser
In an appraisal or appraisal review assignment, the scope of work is an ___________ process. -
Answer✔Ongoing
An appraiser's report must contain ____________ to allow intended users to understand the
scope of work performed. - Answer✔Sufficient information
An appraiser must not allow client objectives to cause the assignment results to be _________.
- Answer✔Biased
If a client's objectives result in an appraiser developing biased assignment results: -
Answer✔The appraiser is solely responsible
The SCOPE OF WORK RULE provides appraisers with significant flexibility. Along with that
flexibility comes: - Answer✔Responsibility
An appraiser's peers are defined as other appraisers who: - Answer✔Have expertise and
competency in a similar type of assignment
In reporting the scope of work in an appraisal or appraisal review report: - Answer✔The report
must contain sufficient information so that intended users understand the scope of work
3
, ©FYNDLAY 2025 ALL RIGHTS RESERVED 5:17 PM A+
An appraiser is engaged to appraise a single-unit dwelling. Upon inspection of the property, the
appraiser realizes it is a three-unit dwelling. The appraiser's best course of action is: -
Answer✔Reconsider the scope of work before proceeding
Which entity appoints members of the AQB and ASB? - Answer✔4 sectiosn
STANDARD 1 of USPAP addresses: - Answer✔Real property appraisal reporting
Monica is an appraiser and a real estate broker. She brokers the sale of a small mixed-use
property. Thirty months later, she is asked by a local lending institution to appraise the property
for a refinance loan. Which statement is TRUE regarding this situation? - Answer✔She is
required to disclose to the client that she had previously provided brokerage services on the
property.
USPAP is enforced by: - Answer✔State Regulatory Agencies
USPAP states that a real property appraisal report must contain sufficient information so that: -
Answer✔Anyone can understand it
USPAP is developed, interpreted, and amended by the: - Answer✔Appraisal Standards Board
Under USPAP, if an unlicensed individual acts as an appraiser, he or she: - Answer✔Is
considered an appraiser
What type of report does USPAP require an appraiser to use when appraising a single-family
property? - Answer✔The appropriate Fannie Mae/Freddie Mac report form
4
