USPAP EXAMINATION TEST 2026
COMPLETE QUESTIONS AND CORRECT
ANSWERS
◉ The ASB retired the word "misleading" from the DEFINITIONS in
USPAP. Why was this action taken?
Answer: Because its common dictionary definition reflects the way
the term is used in USPAP.
◉ When a word or term is retired from the DEFINITIONS in USPAP,
what does it mean?
Answer: The word or term may still appear in USPAP, and its
standard dictionary definition applies.
◉ An individual who sometimes acts as an appraiser is providing a
valuation service in another capacity. What is this individual's
obligation under USPAP?
Answer: They must not represent themselves as acting in the
capacity of an appraiser.
◉ Many individuals, including appraisers, provide valuation
services. According to USPAP, what distinguishes an appraiser from
another professional who provides valuation services?
, Answer: The expectation that the individual will perform
competently, independently, impartially, and objectively
◉ An appraiser is valuing a non-residential property. As part of the
scope of work, the appraiser personally views the exterior of the
building from the street but does not set foot on the property or go
inside the building. In their appraisal report, may the appraiser
certify that they made a personal inspection of the improvements?
Answer: Yes, because an exterior-only inspection made by the
appraiser is a personal inspection.
◉ An appraiser is valuing a residential property for a mortgage
lending transaction. The client sent the appraiser a detailed report
that was prepared by a professional inspector who was engaged by
the client. This report included video clips and high-definition
photographs of every room in the dwelling. The appraiser reviews
this material carefully, develops an opinion of value, and prepares an
appraisal report. In the appraisal report, may the appraiser certify
that they made a personal inspection of the subject property?
Answer: No, because the appraiser did not make a personal
inspection as part of the scope of work for the assignment.
◉ An appraiser had previously made an interior and exterior
inspection of a property two years ago, and has been engaged by a
different client to appraise the property again. The client asks the
appraiser not to go to the subject property and instead, use
information from the prior inspection to determine the property's
COMPLETE QUESTIONS AND CORRECT
ANSWERS
◉ The ASB retired the word "misleading" from the DEFINITIONS in
USPAP. Why was this action taken?
Answer: Because its common dictionary definition reflects the way
the term is used in USPAP.
◉ When a word or term is retired from the DEFINITIONS in USPAP,
what does it mean?
Answer: The word or term may still appear in USPAP, and its
standard dictionary definition applies.
◉ An individual who sometimes acts as an appraiser is providing a
valuation service in another capacity. What is this individual's
obligation under USPAP?
Answer: They must not represent themselves as acting in the
capacity of an appraiser.
◉ Many individuals, including appraisers, provide valuation
services. According to USPAP, what distinguishes an appraiser from
another professional who provides valuation services?
, Answer: The expectation that the individual will perform
competently, independently, impartially, and objectively
◉ An appraiser is valuing a non-residential property. As part of the
scope of work, the appraiser personally views the exterior of the
building from the street but does not set foot on the property or go
inside the building. In their appraisal report, may the appraiser
certify that they made a personal inspection of the improvements?
Answer: Yes, because an exterior-only inspection made by the
appraiser is a personal inspection.
◉ An appraiser is valuing a residential property for a mortgage
lending transaction. The client sent the appraiser a detailed report
that was prepared by a professional inspector who was engaged by
the client. This report included video clips and high-definition
photographs of every room in the dwelling. The appraiser reviews
this material carefully, develops an opinion of value, and prepares an
appraisal report. In the appraisal report, may the appraiser certify
that they made a personal inspection of the subject property?
Answer: No, because the appraiser did not make a personal
inspection as part of the scope of work for the assignment.
◉ An appraiser had previously made an interior and exterior
inspection of a property two years ago, and has been engaged by a
different client to appraise the property again. The client asks the
appraiser not to go to the subject property and instead, use
information from the prior inspection to determine the property's
