USPAP 15-Hour Course questions and
answers 2025\2026 A+ Grade
The Preamble states that USPAP is
- correct answer for appraisers and users of appraisal services.
The stated purpose of USPAP
- correct answer Promote and maintain a high level of public trust in appraisal practice.
When obligated by law or regulation an appraiser must
- correct answer comply with USPAP.
USPAP applies to which types of properties?
- correct answer Tangible and Intangible
Valuation services
- correct answer is not a subset of appraisal practice.
An appraiser has the professional responsibility
- correct answer 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 answer 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 answer True
,An individual is not prohibited from providing valuation services that involve advocacy while acting as an
appraiser.
- correct answer 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 answer Mislead
USPAP states that in a situation when an individual is not required by law, regulation, or agreement to
comply with USPAP:
- correct answer 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 answer The parts of USPAP that apply generally to appraisal practice.
The Appraisal Practices Board (APB) was created when?
- correct answer 2010
The APB is a(n)
- correct answer independent board.
Boards within The Appraisal Foundation (TAF)
- correct answer 1. Board of Trustees (BOT)
2. Appraisal Standards Board (ASB)
3. Appraisal Qualifications Board (AQB)
4. Appraisal Practices Board (APB)
APB is a
- correct answer private entity.
The APB has authority to enforce the requirements of USPAP.
- correct answer False
, Who has the only jurisdiction and authority over appraisers?
- correct answer States
ASB
- correct answer Develops, interprets, and amends USPAP.
Advisory opinions
- correct answer Not part of USPAP; reference material only.
APB
- correct answer Guidance is voluntary.
ASC
- correct answer Maintains the official National Registry of state certified and licensed appraisers.
State appraisal regulatory committees
- correct answer responsible for issuing credentials to individual appraisers.
Responsibilities of ASC:
- correct answer • 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 answer ASC
12. USPAP divides the appraisal process into two distinct types of activity:
- correct answer Develop and report
answers 2025\2026 A+ Grade
The Preamble states that USPAP is
- correct answer for appraisers and users of appraisal services.
The stated purpose of USPAP
- correct answer Promote and maintain a high level of public trust in appraisal practice.
When obligated by law or regulation an appraiser must
- correct answer comply with USPAP.
USPAP applies to which types of properties?
- correct answer Tangible and Intangible
Valuation services
- correct answer is not a subset of appraisal practice.
An appraiser has the professional responsibility
- correct answer 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 answer 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 answer True
,An individual is not prohibited from providing valuation services that involve advocacy while acting as an
appraiser.
- correct answer 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 answer Mislead
USPAP states that in a situation when an individual is not required by law, regulation, or agreement to
comply with USPAP:
- correct answer 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 answer The parts of USPAP that apply generally to appraisal practice.
The Appraisal Practices Board (APB) was created when?
- correct answer 2010
The APB is a(n)
- correct answer independent board.
Boards within The Appraisal Foundation (TAF)
- correct answer 1. Board of Trustees (BOT)
2. Appraisal Standards Board (ASB)
3. Appraisal Qualifications Board (AQB)
4. Appraisal Practices Board (APB)
APB is a
- correct answer private entity.
The APB has authority to enforce the requirements of USPAP.
- correct answer False
, Who has the only jurisdiction and authority over appraisers?
- correct answer States
ASB
- correct answer Develops, interprets, and amends USPAP.
Advisory opinions
- correct answer Not part of USPAP; reference material only.
APB
- correct answer Guidance is voluntary.
ASC
- correct answer Maintains the official National Registry of state certified and licensed appraisers.
State appraisal regulatory committees
- correct answer responsible for issuing credentials to individual appraisers.
Responsibilities of ASC:
- correct answer • 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 answer ASC
12. USPAP divides the appraisal process into two distinct types of activity:
- correct answer Develop and report
