ASA USPAP Certification Exam
Actual Exam 2026/2027 | Questions
with Verified Answers | 100% Correct |
Pass Guaranteed
Question 1 According to the current edition of USPAP (effective January 1, 2024 – still current
in 2026/2027), which is NOT one of the four standards?
Answer: STANDARD 5 – Mass Appraisal
Rationale: USPAP currently has Standards 1–4, 6–10 (Standard 5 was removed in the 2020–
2023 edition cycle).
Question 2 The ETHICS RULE requires appraisers to perform assignments with
Answer: impartiality, objectivity, and independence
Rationale: The ETHICS RULE has three parts: Conduct, Management, and Confidentiality –
impartiality/objectivity/independence is the core of the Conduct section.
Question 3 An appraiser must disclose any current or prospective interest in the subject property
or the parties involved. This requirement comes from
Answer: the IMPARTIALITY section of the ETHICS RULE
Rationale: Disclosure of any current or prospective interest is explicitly required under the
Conduct section of the ETHICS RULE.
Question 4 Which of the following is an example of an extraordinary assumption?
Answer: Assuming that the roof has no leaks when the appraiser did not inspect the attic
, Rationale: Extraordinary assumptions are facts the appraiser assumes to be true but are not
personally observed and could affect the assignment results if proven false.
Question 5 The COMPETENCY RULE requires an appraiser to
Answer: have the knowledge and experience to complete the assignment competently OR
disclose the lack of knowledge and take necessary steps
Rationale: Competency can be obtained before, during, or after the assignment through
disclosure and cooperation with others.
Question 6 An appraiser accepts an assignment to appraise a property in which he has a current
ownership interest. According to USPAP, this situation
Answer: is acceptable only if the interest is disclosed
Rationale: The ETHICS RULE allows current or prospective interest as long as it is properly
disclosed in the report.
Question 7 The SCOPE OF WORK RULE requires an appraiser to
Answer: determine and perform the scope of work necessary to produce credible assignment
results
Rationale: Scope of work is determined by the problem to be solved and must be sufficient for
credible results.
Question 8 Which of the following is NOT a component of the problem identification step in the
appraisal process?
Answer: Selection of the final opinion of value
Rationale: Problem identification occurs at the beginning and includes client, intended use, type
of value, effective date, etc. Final value is the end result.
Actual Exam 2026/2027 | Questions
with Verified Answers | 100% Correct |
Pass Guaranteed
Question 1 According to the current edition of USPAP (effective January 1, 2024 – still current
in 2026/2027), which is NOT one of the four standards?
Answer: STANDARD 5 – Mass Appraisal
Rationale: USPAP currently has Standards 1–4, 6–10 (Standard 5 was removed in the 2020–
2023 edition cycle).
Question 2 The ETHICS RULE requires appraisers to perform assignments with
Answer: impartiality, objectivity, and independence
Rationale: The ETHICS RULE has three parts: Conduct, Management, and Confidentiality –
impartiality/objectivity/independence is the core of the Conduct section.
Question 3 An appraiser must disclose any current or prospective interest in the subject property
or the parties involved. This requirement comes from
Answer: the IMPARTIALITY section of the ETHICS RULE
Rationale: Disclosure of any current or prospective interest is explicitly required under the
Conduct section of the ETHICS RULE.
Question 4 Which of the following is an example of an extraordinary assumption?
Answer: Assuming that the roof has no leaks when the appraiser did not inspect the attic
, Rationale: Extraordinary assumptions are facts the appraiser assumes to be true but are not
personally observed and could affect the assignment results if proven false.
Question 5 The COMPETENCY RULE requires an appraiser to
Answer: have the knowledge and experience to complete the assignment competently OR
disclose the lack of knowledge and take necessary steps
Rationale: Competency can be obtained before, during, or after the assignment through
disclosure and cooperation with others.
Question 6 An appraiser accepts an assignment to appraise a property in which he has a current
ownership interest. According to USPAP, this situation
Answer: is acceptable only if the interest is disclosed
Rationale: The ETHICS RULE allows current or prospective interest as long as it is properly
disclosed in the report.
Question 7 The SCOPE OF WORK RULE requires an appraiser to
Answer: determine and perform the scope of work necessary to produce credible assignment
results
Rationale: Scope of work is determined by the problem to be solved and must be sufficient for
credible results.
Question 8 Which of the following is NOT a component of the problem identification step in the
appraisal process?
Answer: Selection of the final opinion of value
Rationale: Problem identification occurs at the beginning and includes client, intended use, type
of value, effective date, etc. Final value is the end result.
