McKissock USPAP Question and Answer [2026]
| UPDATED ACTUAL Exam | Final Review
• Which Foundation board is responsible for USPAP? -✓✓ Appraisal Standards
Board (ASB)
• Which entity appoints members of the AQB and ASB? -✓✓ Board of Trustees
(BOT)
• Qualification criteria for appraiser certification and recertification are
disseminated to state appraisal board by the? -✓✓ Appraiser Qualifications Board
• Which entity is responsible for establishing education and experience
requirements for licensing and certification of appraisers? -✓✓ Appraiser
Qualifications Board (AQB)
• USPAP is written, amended, and interpreted by the: -✓✓ Appraisal Standards
Board (ASB)
• Advisory Opinions are best described as -✓✓ not part of USPAP, but included as
reference material
• Which entity maintains the official National Registry of state-certified and
licensed appraisers? -✓✓ Appraisal Subcommittee (ASC)
• USPAP is enforced by: -✓✓ State appraiser licensing/certification agencies
, • Who is responsible for issuing credentials to individual appraisers -✓✓ State
appraisal regulatory agencies
• Which is not a responsibility of the Appraisal Subcommittee -✓✓ Writing,
interpreting, and amending USPAP
• Which part of USPAP establishes the requirements for workfile content for an
appraisal or appraisal review assignment? -✓✓ RECORD KEEPING RULE
• Why are USPAP Advisory Opinions issued? -✓✓ offer advice
• Which of these is considered an integral part of USPAP and has the same weight
as the components they address? -✓✓ comments
• In USPAP the appraisal process is divided into two distinct types of
activity______ and ______? -✓✓ Development and Reporting
• The first step in the appraisal process is ? -✓✓ Identify the problem
• Which step in the appraisal process involves communication of the appraiser's
opinions and conclusions? -✓✓ reporting
• What is the stated purpose of USPAP -✓✓ Promote and maintain a high level of
public trust in appraisal practice
• To which property types does USPAP apply -✓✓ Both tangible and intangible
property
| UPDATED ACTUAL Exam | Final Review
• Which Foundation board is responsible for USPAP? -✓✓ Appraisal Standards
Board (ASB)
• Which entity appoints members of the AQB and ASB? -✓✓ Board of Trustees
(BOT)
• Qualification criteria for appraiser certification and recertification are
disseminated to state appraisal board by the? -✓✓ Appraiser Qualifications Board
• Which entity is responsible for establishing education and experience
requirements for licensing and certification of appraisers? -✓✓ Appraiser
Qualifications Board (AQB)
• USPAP is written, amended, and interpreted by the: -✓✓ Appraisal Standards
Board (ASB)
• Advisory Opinions are best described as -✓✓ not part of USPAP, but included as
reference material
• Which entity maintains the official National Registry of state-certified and
licensed appraisers? -✓✓ Appraisal Subcommittee (ASC)
• USPAP is enforced by: -✓✓ State appraiser licensing/certification agencies
, • Who is responsible for issuing credentials to individual appraisers -✓✓ State
appraisal regulatory agencies
• Which is not a responsibility of the Appraisal Subcommittee -✓✓ Writing,
interpreting, and amending USPAP
• Which part of USPAP establishes the requirements for workfile content for an
appraisal or appraisal review assignment? -✓✓ RECORD KEEPING RULE
• Why are USPAP Advisory Opinions issued? -✓✓ offer advice
• Which of these is considered an integral part of USPAP and has the same weight
as the components they address? -✓✓ comments
• In USPAP the appraisal process is divided into two distinct types of
activity______ and ______? -✓✓ Development and Reporting
• The first step in the appraisal process is ? -✓✓ Identify the problem
• Which step in the appraisal process involves communication of the appraiser's
opinions and conclusions? -✓✓ reporting
• What is the stated purpose of USPAP -✓✓ Promote and maintain a high level of
public trust in appraisal practice
• To which property types does USPAP apply -✓✓ Both tangible and intangible
property
