USPAP Practice Test | Actual
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Terms in this set (100)
The PREAMBLE states the purpose trust
of USPAP is to maintain public ___ in
the appraisal practice by
establishing requirements for
appraisers.
USPAP benefits providers of users of appraisal services.
appraisal services and
Which is NOT considered significant collecting employment data for use in analysis
real property appraisal assistance?
,A valuation service performed by inquire about the intended user's expectations.
an individual acting as an appraiser
requires the appraiser to
When an individual is performing not misrepresent his role.
valuation services outside of
appraisal practice, that individual
must be careful to
When choosing to provide a maintain public trust.
valuation service as an appraiser or
in some other capacity, great care
must be taken to
A real property appraiser teaching appraisal practice with no applicable Standards
appraisal is engaged in (1-10).
A lender has telephoned an appraisal practice with no performance
appraiser to determine the high and standards or record keeping requirements.
low sales prices in the past year
that took place in the Green Hills
Subdivision. No mention was made
of a subject property by the lender.
The appraiser has supplied a list of
all of the sales within the past year
in the subdivision and billed the
lender for service. The service
being provided by the appraiser is
In accordance with USPAP, which is holding a state license or certification
NOT an expectation when acting in
the role of an appraiser?
Compliance with USPAP is required agreement, law, or regulation.
when obligated by
, When an appraiser is providing a RECORD KEEPING RULE
service other than an appraisal or
appraisal review, which would NOT
apply?
Zachary's client instructs him to is a violation of the ETHICS RULE.
report a specific property value as
a condition of the assignment. The
assignment
Which of these activities does the criminal conduct
Conduct section of the ETHICS
RULE prohibit?
Jack appraised a residential no, omitting the discussion could produce a
dwelling that is located across the misleading report
street from a factory that he
determined is negatively affecting
the value of the subject property.
Jack applied a location adjustment
in his sales comparison approach.
However, the client asked that the
factory not be discussed in the
appraisal report. Since Jack
addressed the condition with an
adjustment, has he complied with
USPAP?
Questions with Verified Answers Grade A+
Guarantee
Save
Terms in this set (100)
The PREAMBLE states the purpose trust
of USPAP is to maintain public ___ in
the appraisal practice by
establishing requirements for
appraisers.
USPAP benefits providers of users of appraisal services.
appraisal services and
Which is NOT considered significant collecting employment data for use in analysis
real property appraisal assistance?
,A valuation service performed by inquire about the intended user's expectations.
an individual acting as an appraiser
requires the appraiser to
When an individual is performing not misrepresent his role.
valuation services outside of
appraisal practice, that individual
must be careful to
When choosing to provide a maintain public trust.
valuation service as an appraiser or
in some other capacity, great care
must be taken to
A real property appraiser teaching appraisal practice with no applicable Standards
appraisal is engaged in (1-10).
A lender has telephoned an appraisal practice with no performance
appraiser to determine the high and standards or record keeping requirements.
low sales prices in the past year
that took place in the Green Hills
Subdivision. No mention was made
of a subject property by the lender.
The appraiser has supplied a list of
all of the sales within the past year
in the subdivision and billed the
lender for service. The service
being provided by the appraiser is
In accordance with USPAP, which is holding a state license or certification
NOT an expectation when acting in
the role of an appraiser?
Compliance with USPAP is required agreement, law, or regulation.
when obligated by
, When an appraiser is providing a RECORD KEEPING RULE
service other than an appraisal or
appraisal review, which would NOT
apply?
Zachary's client instructs him to is a violation of the ETHICS RULE.
report a specific property value as
a condition of the assignment. The
assignment
Which of these activities does the criminal conduct
Conduct section of the ETHICS
RULE prohibit?
Jack appraised a residential no, omitting the discussion could produce a
dwelling that is located across the misleading report
street from a factory that he
determined is negatively affecting
the value of the subject property.
Jack applied a location adjustment
in his sales comparison approach.
However, the client asked that the
factory not be discussed in the
appraisal report. Since Jack
addressed the condition with an
adjustment, has he complied with
USPAP?
