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National USPAP Course Exam ||Verified Exam|| Most
Recent Exam Actual Complete Real Exam Questions
And Correct Answers (Verified Answers) Already
Graded A+ || Newest Exam!!!
Who is responsible for issuing credentials to individual
appraisers? - Answer-State appraisal regulatory agencies
Which entity maintains the official National Registry of
state-certified and licensed appraisers? - Answer-
Appraisal Subcommittee (ASC)
Which is NOT a responsibility of the Appraisal
Subcommittee (ASC)? - Answer-writing, interpreting and
amending USPAP
USPAP is enforced by: - Answer-state appraiser
licensing/certification agencies
Which part of USPAP establishes the requirements for
workfile content for an appraisal or appraisal review
assignment? - Answer-Record Keeping Rule
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Why are USPAP Advisory Opinions issued? - Answer-to
offer advice
Which of these is considered an integral part of USPAP
and has the same weight as the components they
address? - Answer-comments
The first step in the appraisal process is: - Answer-identify
the problem
In USPAP, the appraisal process is divided into two distinct
types of activity: _________ and __________. - Answer-
development, reporting
Which step in the appraisal process involves
communication of the appraiser's opinions and
conclusions? - Answer-reporting
The PREAMBLE states that USPAP intended to benefit: -
Answer-appraisers and users of appraisal services
When obligated by law or regulation, an appraiser
_______ comply with USPAP. - Answer-must
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What is the stated purpose of USPAP? - Answer-Promote
and maintain a high level of public trust in appraisal
practice
To which property types does USPAP apply? - Answer-
Both tangible and intangible property
The Appraisal Foundation has the authority to enforce the
requirements of USPAP. - Answer-False
Currently, the boards within the Appraisal Foundation
include: - Answer-Appraisal Standards Board, Appraisal
Qualifications Board, Board of Trustees
Which Foundation board is responsible for USPAP? -
Answer-Appraisal Standards Board
Qualification criteria for appraiser certification and
recertification are disseminated to state appraisal boards
by the: - Answer-Appraisal Qualifications Board
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Which entity is responsible for establishing education and
experience requirements for licensing and certification of
appraisers? - Answer-Appraisal Qualifications Board
Which entity appoints members of the AQB and ASB? -
Answer-Board of Trustees
USPAP is written, amended, and interpreted by the: -
Answer-Appraisal Standards Board
Advisory Opinions are best described as: - Answer-not
part of USPAP, but included as reference material
An appraiser has the professional responsibility to identify
the capacity in which he or she is performing. - Answer-
true
The requirement for USPAP compliance in an appraisal
assignment could be the result of - Answer-law or
regulation, voluntary choice by the appraiser, or
agreement with the client
National USPAP Course Exam ||Verified Exam|| Most
Recent Exam Actual Complete Real Exam Questions
And Correct Answers (Verified Answers) Already
Graded A+ || Newest Exam!!!
Who is responsible for issuing credentials to individual
appraisers? - Answer-State appraisal regulatory agencies
Which entity maintains the official National Registry of
state-certified and licensed appraisers? - Answer-
Appraisal Subcommittee (ASC)
Which is NOT a responsibility of the Appraisal
Subcommittee (ASC)? - Answer-writing, interpreting and
amending USPAP
USPAP is enforced by: - Answer-state appraiser
licensing/certification agencies
Which part of USPAP establishes the requirements for
workfile content for an appraisal or appraisal review
assignment? - Answer-Record Keeping Rule
,2|Page
Why are USPAP Advisory Opinions issued? - Answer-to
offer advice
Which of these is considered an integral part of USPAP
and has the same weight as the components they
address? - Answer-comments
The first step in the appraisal process is: - Answer-identify
the problem
In USPAP, the appraisal process is divided into two distinct
types of activity: _________ and __________. - Answer-
development, reporting
Which step in the appraisal process involves
communication of the appraiser's opinions and
conclusions? - Answer-reporting
The PREAMBLE states that USPAP intended to benefit: -
Answer-appraisers and users of appraisal services
When obligated by law or regulation, an appraiser
_______ comply with USPAP. - Answer-must
,3|Page
What is the stated purpose of USPAP? - Answer-Promote
and maintain a high level of public trust in appraisal
practice
To which property types does USPAP apply? - Answer-
Both tangible and intangible property
The Appraisal Foundation has the authority to enforce the
requirements of USPAP. - Answer-False
Currently, the boards within the Appraisal Foundation
include: - Answer-Appraisal Standards Board, Appraisal
Qualifications Board, Board of Trustees
Which Foundation board is responsible for USPAP? -
Answer-Appraisal Standards Board
Qualification criteria for appraiser certification and
recertification are disseminated to state appraisal boards
by the: - Answer-Appraisal Qualifications Board
, 4|Page
Which entity is responsible for establishing education and
experience requirements for licensing and certification of
appraisers? - Answer-Appraisal Qualifications Board
Which entity appoints members of the AQB and ASB? -
Answer-Board of Trustees
USPAP is written, amended, and interpreted by the: -
Answer-Appraisal Standards Board
Advisory Opinions are best described as: - Answer-not
part of USPAP, but included as reference material
An appraiser has the professional responsibility to identify
the capacity in which he or she is performing. - Answer-
true
The requirement for USPAP compliance in an appraisal
assignment could be the result of - Answer-law or
regulation, voluntary choice by the appraiser, or
agreement with the client
