USPAP 15-Hour CourseExam Questions with
Complete Solutions (Latest 2025).
The Preamble states that USPAP is - CORRECT ANSWERS for appraisers and users of appraisal
services.
The stated purpose of USPAP - CORRECT ANSWERS Promote and maintain a high level of public
trust in appraisal practice.
When obligated by law or regulation an appraiser must - CORRECT ANSWERS comply with
USPAP.
USPAP applies to which types of properties? - CORRECT ANSWERS Tangible and Intangible
Valuation services - CORRECT ANSWERS is not a subset of appraisal practice.
An appraiser has the professional responsibility - CORRECT ANSWERS to identify the capacity in
which he or she is performing.
Reasons why an appraiser would prepare an appraisal assignment in conformance with USPAP -
CORRECT ANSWERS 1. Agreement with client.
2. Law or regulation.
3. Voluntary choice.
An appraiser who provides an appraisal service that is not an appraisal, appraisal review, or appraisal
consulting assignment does not have workfile obligations associated with the assignment. - CORRECT
ANSWERS True
,An individual is not prohibited from providing valuation services that involve advocacy while acting as an
appraiser. - CORRECT ANSWERS False
When performing valuation services outside of appraisal practice, appraisers must be careful not to
_________________ the client and other intended users about their role. - CORRECT ANSWERS
Mislead
USPAP states that in a situation when an individual is not required by law, regulation, or agreement to
comply with USPAP: - CORRECT ANSWERS The individual should still comply when acting as an
appraiser.
An appraiser is engaged to teach an appraisal course. What parts of USPAP apply? - CORRECT ANSWERS
The parts of USPAP that apply generally to appraisal practice.
The Appraisal Practices Board (APB) was created when? - CORRECT ANSWERS 2010
The APB is a(n) - CORRECT ANSWERS independent board.
Boards within The Appraisal Foundation (TAF) - CORRECT ANSWERS 1. Board of Trustees (BOT)
2. Appraisal Standards Board (ASB)
3. Appraisal Qualifications Board (AQB)
4. Appraisal Practices Board (APB)
APB is a - CORRECT ANSWERS private entity.
The APB has authority to enforce the requirements of USPAP. - CORRECT ANSWERS False
Who has the only jurisdiction and authority over appraisers? - CORRECT ANSWERS States
, ASB - CORRECT ANSWERS Develops, interprets, and amends USPAP.
Advisory opinions - CORRECT ANSWERS Not part of USPAP; reference material only.
APB - CORRECT ANSWERS Guidance is voluntary.
ASC - CORRECT ANSWERS Maintains the official National Registry of state certified and licensed
appraisers.
State appraisal regulatory committees - CORRECT ANSWERS responsible for issuing credentials
to individual appraisers.
Responsibilities of ASC: - CORRECT ANSWERS • Establishes, improves, and promulgates the
USPAP
• Subject, content, and substance of USPAP and other communication related to appraisal standards.
• Establishes standards of professional appraisal practice for the guidance and education of appraisers
and users of appraisal services.
• Maintains the official National Registry of state certified and licensed appraisers.
Developing, amending, and interpreting USPAP is NOT a responsibility of - CORRECT ANSWERS
ASC
12. USPAP divides the appraisal process into two distinct types of activity: - CORRECT ANSWERS
Develop and report
Identify the problem - CORRECT ANSWERS The first step in the appraisal process.
Complete Solutions (Latest 2025).
The Preamble states that USPAP is - CORRECT ANSWERS for appraisers and users of appraisal
services.
The stated purpose of USPAP - CORRECT ANSWERS Promote and maintain a high level of public
trust in appraisal practice.
When obligated by law or regulation an appraiser must - CORRECT ANSWERS comply with
USPAP.
USPAP applies to which types of properties? - CORRECT ANSWERS Tangible and Intangible
Valuation services - CORRECT ANSWERS is not a subset of appraisal practice.
An appraiser has the professional responsibility - CORRECT ANSWERS to identify the capacity in
which he or she is performing.
Reasons why an appraiser would prepare an appraisal assignment in conformance with USPAP -
CORRECT ANSWERS 1. Agreement with client.
2. Law or regulation.
3. Voluntary choice.
An appraiser who provides an appraisal service that is not an appraisal, appraisal review, or appraisal
consulting assignment does not have workfile obligations associated with the assignment. - CORRECT
ANSWERS True
,An individual is not prohibited from providing valuation services that involve advocacy while acting as an
appraiser. - CORRECT ANSWERS False
When performing valuation services outside of appraisal practice, appraisers must be careful not to
_________________ the client and other intended users about their role. - CORRECT ANSWERS
Mislead
USPAP states that in a situation when an individual is not required by law, regulation, or agreement to
comply with USPAP: - CORRECT ANSWERS The individual should still comply when acting as an
appraiser.
An appraiser is engaged to teach an appraisal course. What parts of USPAP apply? - CORRECT ANSWERS
The parts of USPAP that apply generally to appraisal practice.
The Appraisal Practices Board (APB) was created when? - CORRECT ANSWERS 2010
The APB is a(n) - CORRECT ANSWERS independent board.
Boards within The Appraisal Foundation (TAF) - CORRECT ANSWERS 1. Board of Trustees (BOT)
2. Appraisal Standards Board (ASB)
3. Appraisal Qualifications Board (AQB)
4. Appraisal Practices Board (APB)
APB is a - CORRECT ANSWERS private entity.
The APB has authority to enforce the requirements of USPAP. - CORRECT ANSWERS False
Who has the only jurisdiction and authority over appraisers? - CORRECT ANSWERS States
, ASB - CORRECT ANSWERS Develops, interprets, and amends USPAP.
Advisory opinions - CORRECT ANSWERS Not part of USPAP; reference material only.
APB - CORRECT ANSWERS Guidance is voluntary.
ASC - CORRECT ANSWERS Maintains the official National Registry of state certified and licensed
appraisers.
State appraisal regulatory committees - CORRECT ANSWERS responsible for issuing credentials
to individual appraisers.
Responsibilities of ASC: - CORRECT ANSWERS • Establishes, improves, and promulgates the
USPAP
• Subject, content, and substance of USPAP and other communication related to appraisal standards.
• Establishes standards of professional appraisal practice for the guidance and education of appraisers
and users of appraisal services.
• Maintains the official National Registry of state certified and licensed appraisers.
Developing, amending, and interpreting USPAP is NOT a responsibility of - CORRECT ANSWERS
ASC
12. USPAP divides the appraisal process into two distinct types of activity: - CORRECT ANSWERS
Develop and report
Identify the problem - CORRECT ANSWERS The first step in the appraisal process.
