USPAP COMPREHENSIVE TEST SCRIPT
2026 QUESTIONS WITH SOLUTIONS 100%
CORRECT.
What is the preamble of USPAP? Answer: The purpose is to
promote and maintain a high level of public trust in appraisal practice by
establishing requirements for appraisers.
Record Keeping Rule. Answer: Must prepare a work file for each
appraisal or appraisal review assignment.
What is Competency Rule. Answer: Be competent to perform the
assignment, acquire the necessary competency to perform the
assignment or decline or withdraw from the assignment.
What is Scope of Work rule? Answer: Present obligations related to
problem identification, research and analyses.
What is Jurisdictional Exception Rule? Answer: Preserve the
balance of USPAP if a portion is contrary to law or public policy of a
jurisdiction.
, Define APB and their functions? Answer: Appraisal Practices Board
is responsible for identifying and issuing opinions on recognized
valuation methods and techniques
What is the purpose of USPAP? Answer: The purpose is to promote
and maintain a high level of public trust in appraisal practice by
establishing requirements for appraisers.
Describe the Ethics Rule. Answer: Requirement for integrity,
impartiality, objectivity, independent judgement, and ethical conduct.
Record Keeping Rule. Answer: Must prepare a work file for each
appraisal or appraisal review assignment.
Competency Rule. Answer: Be competent to perform the
assignment, acquire the necessary competency to perform the
assignment or decline or withdraw from the assignment.
Jurisdictional Exception Rule. Answer: Preserves the balance of
USPAP if a portion is contrary law or public policy of a jurisdiction.
What are the eight standards? Answer: Standard 1 and 2, Standard
3, Standard 6, Standard 7 and 8, Standard 9 and 10
2026 QUESTIONS WITH SOLUTIONS 100%
CORRECT.
What is the preamble of USPAP? Answer: The purpose is to
promote and maintain a high level of public trust in appraisal practice by
establishing requirements for appraisers.
Record Keeping Rule. Answer: Must prepare a work file for each
appraisal or appraisal review assignment.
What is Competency Rule. Answer: Be competent to perform the
assignment, acquire the necessary competency to perform the
assignment or decline or withdraw from the assignment.
What is Scope of Work rule? Answer: Present obligations related to
problem identification, research and analyses.
What is Jurisdictional Exception Rule? Answer: Preserve the
balance of USPAP if a portion is contrary to law or public policy of a
jurisdiction.
, Define APB and their functions? Answer: Appraisal Practices Board
is responsible for identifying and issuing opinions on recognized
valuation methods and techniques
What is the purpose of USPAP? Answer: The purpose is to promote
and maintain a high level of public trust in appraisal practice by
establishing requirements for appraisers.
Describe the Ethics Rule. Answer: Requirement for integrity,
impartiality, objectivity, independent judgement, and ethical conduct.
Record Keeping Rule. Answer: Must prepare a work file for each
appraisal or appraisal review assignment.
Competency Rule. Answer: Be competent to perform the
assignment, acquire the necessary competency to perform the
assignment or decline or withdraw from the assignment.
Jurisdictional Exception Rule. Answer: Preserves the balance of
USPAP if a portion is contrary law or public policy of a jurisdiction.
What are the eight standards? Answer: Standard 1 and 2, Standard
3, Standard 6, Standard 7 and 8, Standard 9 and 10
