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USPAP Test Review Exam Questions and
Answers 100% Pass
AQB - ANS establishes minimum education, experience, etc. for certification of real property
appraisers and supervisors
ASB - ANS revises and promulgates USPAP; responsible for subject, content, and substance
of USPAP
Appraisal Subcommittee - ANS operations are funded by state certified appraisers thru their
license renewal payment in the form of a National Registry fee. Fee is paid to states and
transferred to this committee
Standards 1-10 - ANS address value, not price
Advisory Opinions - ANS issued to illustrate the applicability of appraisal standards in specific
situations
Appraisal practice - ANS only by appraisers, valuation services performed by an individual
acting as an appraiser, including but not limited to appraisal/appraisal review
Appraisal review - ANS act of developing and communicating an opinion about the quality of
another appraiser's work that was performed
Appraiser peers - ANS other appraisers who have expertise and competency in a similar type
of assignment
©FYNDLAY 1
USPAP Test Review Exam Questions and
Answers 100% Pass
AQB - ANS establishes minimum education, experience, etc. for certification of real property
appraisers and supervisors
ASB - ANS revises and promulgates USPAP; responsible for subject, content, and substance
of USPAP
Appraisal Subcommittee - ANS operations are funded by state certified appraisers thru their
license renewal payment in the form of a National Registry fee. Fee is paid to states and
transferred to this committee
Standards 1-10 - ANS address value, not price
Advisory Opinions - ANS issued to illustrate the applicability of appraisal standards in specific
situations
Appraisal practice - ANS only by appraisers, valuation services performed by an individual
acting as an appraiser, including but not limited to appraisal/appraisal review
Appraisal review - ANS act of developing and communicating an opinion about the quality of
another appraiser's work that was performed
Appraiser peers - ANS other appraisers who have expertise and competency in a similar type
of assignment
©FYNDLAY 1
