15-HOUR NATIONAL USPAP COURSE
MCKISSOCK ACTUAL EXAM PAPER 2026
QUESTIONS WITH SOLUTIONS GRADED A+
◉ Standard 1-1(b). Answer: Not commit an error of omission or
commission that significantly effects the appraisal results.
◉ Standard 1-1(c). Answer: Not be careless or negligent by making
simple errors that effect results
◉ Standard 1-2(a). Answer: Identify client and other intended users
◉ Standard 1-2(b). Answer: Identify the intended use of the appraiser's
opinion and conclusions (no bias)
◉ Standard 1-2(c). Answer: Identify the type and definition of value, if
market price determine if most probable in terms of cash, financial
agreements, other terms or nonmarket financing.
◉ Standard 1-2(d). Answer: Identify effective date of appraiser's
opinions & conclusions
,◉ Standard 1-2(e). Answer: Identify characteristics of property that are
relevant to definition of value and intended use.
◉ Standard 1-2(f). Answer: Identify any extraordinary assumptions
◉ Standard 1-2(g). Answer: Identify any hypothetical conditions
◉ Standard 1-2(h). Answer: Determine scope of work necessary to
produce credible assignment results
◉ Standard 1-3(a). Answer: Identify and analyze any land use
regulations and market area trends
◉ Standard 1-3(b). Answer: Develop highest and best use opinion
◉ Standard 1-4(a). Answer: When sales comparison approach is
necessary appraiser is required to analyze comparable sales that are
available.
◉ Standard 1-4(b). Answer: Cost approach is necessary an appraiser
must: develop opinion of site value, analyze comparable costs, make
adjustments and estimate cost of improvements.
, ◉ Standard 1-4(c). Answer: When Income approach is necessary
appraiser must: analyze comparable to configure gross income potential,
analyze comparable operating expenses, estimate rates of capitalization
and base future projections, etc. on clear and appropriate data
◉ Standard 1-4(d). Answer: When developing opinion of a leased fee
estate or leasehold estate, appraiser must analyze terms and conditions of
leases on effect of value.
.
◉ Standard 1-4(e). Answer: Analyze effect of value of assemblage of
properties, can't value whole by adding properties together, must value
as a whole.
◉ Standard 1-4(f). Answer: Effect of public or private improvements on
value
◉ Standard 1-4(g). Answer: When personal property, intangible items,
or trade fixtures are included in an appraisal, appraiser must examine
their effect on value
◉ Standard 1-5(a). Answer: Analyze all agreements of sale, options and
listings of subject property current as of effective date.
MCKISSOCK ACTUAL EXAM PAPER 2026
QUESTIONS WITH SOLUTIONS GRADED A+
◉ Standard 1-1(b). Answer: Not commit an error of omission or
commission that significantly effects the appraisal results.
◉ Standard 1-1(c). Answer: Not be careless or negligent by making
simple errors that effect results
◉ Standard 1-2(a). Answer: Identify client and other intended users
◉ Standard 1-2(b). Answer: Identify the intended use of the appraiser's
opinion and conclusions (no bias)
◉ Standard 1-2(c). Answer: Identify the type and definition of value, if
market price determine if most probable in terms of cash, financial
agreements, other terms or nonmarket financing.
◉ Standard 1-2(d). Answer: Identify effective date of appraiser's
opinions & conclusions
,◉ Standard 1-2(e). Answer: Identify characteristics of property that are
relevant to definition of value and intended use.
◉ Standard 1-2(f). Answer: Identify any extraordinary assumptions
◉ Standard 1-2(g). Answer: Identify any hypothetical conditions
◉ Standard 1-2(h). Answer: Determine scope of work necessary to
produce credible assignment results
◉ Standard 1-3(a). Answer: Identify and analyze any land use
regulations and market area trends
◉ Standard 1-3(b). Answer: Develop highest and best use opinion
◉ Standard 1-4(a). Answer: When sales comparison approach is
necessary appraiser is required to analyze comparable sales that are
available.
◉ Standard 1-4(b). Answer: Cost approach is necessary an appraiser
must: develop opinion of site value, analyze comparable costs, make
adjustments and estimate cost of improvements.
, ◉ Standard 1-4(c). Answer: When Income approach is necessary
appraiser must: analyze comparable to configure gross income potential,
analyze comparable operating expenses, estimate rates of capitalization
and base future projections, etc. on clear and appropriate data
◉ Standard 1-4(d). Answer: When developing opinion of a leased fee
estate or leasehold estate, appraiser must analyze terms and conditions of
leases on effect of value.
.
◉ Standard 1-4(e). Answer: Analyze effect of value of assemblage of
properties, can't value whole by adding properties together, must value
as a whole.
◉ Standard 1-4(f). Answer: Effect of public or private improvements on
value
◉ Standard 1-4(g). Answer: When personal property, intangible items,
or trade fixtures are included in an appraisal, appraiser must examine
their effect on value
◉ Standard 1-5(a). Answer: Analyze all agreements of sale, options and
listings of subject property current as of effective date.
