USPAP /
Practice Test Questions With Correct Answers
/ // // // // //
The /
/PREAMBLE /
/states /
/the /
/purpose /
/of /
/USPAP /
/is /
/to /
/maintain /
/public /
/___ /
/in /
/the /
/appraisal /
/practice //by //establishing //requirements //for //appraisers. //- //CORRECT //ANSWERS(S)✔✔trust
USPAP /
/benefits /
/providers /
/of //appraisal //services //and //- //CORRECT //ANSWERS(S)✔✔users //of //appraisal //services.
Which /
/is /
/NOT /
/considered /
/significant /
/real /
/property /
,/appraisal /
/assistance? //- //CORRECT //ANSWERS(S)✔✔collecting //employment //data //for //use //in //analysis
A/
/valuation /
/service /
/performed /
/by /
/an /
/individual /
/acting /
/as /
/an /
/appraiser /
/requires /
/the /
/appraiser //to //- //CORRECT //ANSWERS(S)✔✔inquire //about //the //intended //user's //expectations.
When /
/an /
/individual /
/is /
/performing /
/valuation /
/services /
/outside /
/of /
/appraisal /
/practice, /
/that //individual //must //be //careful //to //- //CORRECT //ANSWERS(S)✔✔not //misrepresent //his //role.
When /
/choosing /
/to /
/provide //
,a/
/valuation /
/service /
/as /
/an /
/appraiser /
/or /
/in /
/some /
/other /
/capacity, //great //care //must //be //taken //to //- //CORRECT //ANSWERS(S)✔✔maintain //public //trust.
A/
/real /
/property /
/appraiser /
/teaching /
/appraisal /
/is /
/engaged /
/in //- //CORRECT //ANSWERS(S)✔✔appraisal //practice //with //no //applicable //Standards //(1-10).
A/
/lender /
/has /
/telephoned /
/an /
/appraiser /
/to /
/determine /
/the /
/high /
/and /
/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 /
Practice Test Questions With Correct Answers
/ // // // // //
The /
/PREAMBLE /
/states /
/the /
/purpose /
/of /
/USPAP /
/is /
/to /
/maintain /
/public /
/___ /
/in /
/the /
/appraisal /
/practice //by //establishing //requirements //for //appraisers. //- //CORRECT //ANSWERS(S)✔✔trust
USPAP /
/benefits /
/providers /
/of //appraisal //services //and //- //CORRECT //ANSWERS(S)✔✔users //of //appraisal //services.
Which /
/is /
/NOT /
/considered /
/significant /
/real /
/property /
,/appraisal /
/assistance? //- //CORRECT //ANSWERS(S)✔✔collecting //employment //data //for //use //in //analysis
A/
/valuation /
/service /
/performed /
/by /
/an /
/individual /
/acting /
/as /
/an /
/appraiser /
/requires /
/the /
/appraiser //to //- //CORRECT //ANSWERS(S)✔✔inquire //about //the //intended //user's //expectations.
When /
/an /
/individual /
/is /
/performing /
/valuation /
/services /
/outside /
/of /
/appraisal /
/practice, /
/that //individual //must //be //careful //to //- //CORRECT //ANSWERS(S)✔✔not //misrepresent //his //role.
When /
/choosing /
/to /
/provide //
,a/
/valuation /
/service /
/as /
/an /
/appraiser /
/or /
/in /
/some /
/other /
/capacity, //great //care //must //be //taken //to //- //CORRECT //ANSWERS(S)✔✔maintain //public //trust.
A/
/real /
/property /
/appraiser /
/teaching /
/appraisal /
/is /
/engaged /
/in //- //CORRECT //ANSWERS(S)✔✔appraisal //practice //with //no //applicable //Standards //(1-10).
A/
/lender /
/has /
/telephoned /
/an /
/appraiser /
/to /
/determine /
/the /
/high /
/and /
/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 /
