USPAP 15 Hour Course With 217 Test
Questions
An appraiser's client requests anonymity and asks that their identity
not appear in the Appraisal Report that is prepared for the
assignment. What must the appraiser do?
A.) State in the report that the client's identity has been withheld at
the client's request
B.) Document the identity of the client in the workfile
C.) All of these actions must be taken
D.) Use care not to violate the Confidentiality section of the ETHICS
RULE - Correct Answer ✔ ✔ C.) All of these actions must be taken
Which of the following is NOT required by USPAP to be in an Appraisal
Report?
A.) Effective date of appraisal
,B.) Name or type of other intended users
C.) Client's specific name
D.) Type and definition of value - Correct Answer ✔ ✔ C.) Client's
specific name
An appraiser determines that the cost approach is not necessary in an
appraisal assignment, and therefore does not develop the approach.
In the Restricted Appraisal Report for the assignment, what must the
appraiser do?
A.) State the reason for the exclusion of the approach
B.) Omit the approach from the report without mentioning it
C.) Develop the approach and keep it in the workfile in case the client
wants it later
D.) Develop the approach and put in the report anyway - Correct
Answer ✔ ✔ A.) State the reason for the exclusion of the
approach
,In an Appraisal Report, the scope of work used to develop the
appraisal must be
A.) stated
B.) omitted
C.) summarized
D.) described - Correct Answer ✔ ✔ C.) summarized
An appraiser is preparing a Restricted Appraisal Report in a situation
where there are intended users in addition to the client. Which
statement is true regarding this situation?
A.) The appraiser has violated USPAP by using a Restricted Appraisal
Report in this situation.
B.) These additional intended users must be identified in the report by
type.
, C.) These additional intended users may be identified in the report by
either name or type.
D.) These additional intended users must be identified in the report
by name. - Correct Answer ✔ ✔ D.) These additional intended
users must be identified in the report by name.
All written appraisal reports must contain
A.) adequate detail to allow any reader to understand the appraisal
process
B.) maps, sketches, and photographs
C.) a signed certification
D.) a letter of transmittal - Correct Answer ✔ ✔ C.) a signed
certification
When an extraordinary assumption is used in an appraisal, the report
must state the extraordinary assumption and
Questions
An appraiser's client requests anonymity and asks that their identity
not appear in the Appraisal Report that is prepared for the
assignment. What must the appraiser do?
A.) State in the report that the client's identity has been withheld at
the client's request
B.) Document the identity of the client in the workfile
C.) All of these actions must be taken
D.) Use care not to violate the Confidentiality section of the ETHICS
RULE - Correct Answer ✔ ✔ C.) All of these actions must be taken
Which of the following is NOT required by USPAP to be in an Appraisal
Report?
A.) Effective date of appraisal
,B.) Name or type of other intended users
C.) Client's specific name
D.) Type and definition of value - Correct Answer ✔ ✔ C.) Client's
specific name
An appraiser determines that the cost approach is not necessary in an
appraisal assignment, and therefore does not develop the approach.
In the Restricted Appraisal Report for the assignment, what must the
appraiser do?
A.) State the reason for the exclusion of the approach
B.) Omit the approach from the report without mentioning it
C.) Develop the approach and keep it in the workfile in case the client
wants it later
D.) Develop the approach and put in the report anyway - Correct
Answer ✔ ✔ A.) State the reason for the exclusion of the
approach
,In an Appraisal Report, the scope of work used to develop the
appraisal must be
A.) stated
B.) omitted
C.) summarized
D.) described - Correct Answer ✔ ✔ C.) summarized
An appraiser is preparing a Restricted Appraisal Report in a situation
where there are intended users in addition to the client. Which
statement is true regarding this situation?
A.) The appraiser has violated USPAP by using a Restricted Appraisal
Report in this situation.
B.) These additional intended users must be identified in the report by
type.
, C.) These additional intended users may be identified in the report by
either name or type.
D.) These additional intended users must be identified in the report
by name. - Correct Answer ✔ ✔ D.) These additional intended
users must be identified in the report by name.
All written appraisal reports must contain
A.) adequate detail to allow any reader to understand the appraisal
process
B.) maps, sketches, and photographs
C.) a signed certification
D.) a letter of transmittal - Correct Answer ✔ ✔ C.) a signed
certification
When an extraordinary assumption is used in an appraisal, the report
must state the extraordinary assumption and
