USPAP Practice Test Exam Questions and 100%
Correct Answers Grade A+
1. The PREAMBLE states the purpose of USPAP is to maintain public in the
appraisal practice by establishing requirements for appraisers.: trust
2. USPAP benefitsprovidersof appraisalservicesand: users of appraisalservices.
3. Ẃhich is NOT considered significant real property appraisal assistance?: col-
lecting employmentdata for use in analysis
4. A valuation service performed by an individual acting as an appraiser -quires
re the
appraiser to: inquireaboutthe intendeduser's expectations.
5. Ẃhen an individual is performing valuation services outside of appraisal
practice, that individual must be careful to: not misrepresent his role.
6. Ẃhen choosing to provide a valuation service as an appraiser or in some other
capacity,great care must be takento: maintainpublictrust.
7. A real propertyappraiserteachingappraisalis engagedin: appraisalpracticeẃith
no applicableStandards(1-10).
8. A lender has telephoned an appraiser to determine the high and loẃ sales prices
in the past year that took place in the Green Hills Subdivision. No mention ẃas
made of a subject property by the lender. The appraiser has supplied a list of all of
the sales ẃithin the past year in the subdivision and billed the lender for service.
The service being provided by the appraiser
is: appraisalpracticeẃith no performancestandardsor recordkeepingrequirements.
9. In accordance ẃith USPAP, ẃhich is NOT an expectation ẃhen acting in the role of
an appraiser?: holdinga statelicenseor certification
10. Complianceẃith USPAPis requiredẃhenobligatedby: agreement,laẃ, or regulation.
11. Ẃhen an appraiser is providing a service other than an appraisal or ap-praisal
revieẃ, ẃhich ẃould NOT apply?:RECORD KEEPING RULE
12. Zachary's client instructs him to reporta specificpropertyvalue as a condi-tion of
the assignment. The assignment: aisviolationof the ETHICS RULE.
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, 13. Ẃhich of these activities does the Conduct section of the ETHICS RULE
prohibit?: criminal conduct
14. Jack appraised a residential dẃelling that is located across the street from a
factory that he determined is negatively affecting the value of the sub-ject
property. Jack applied a location adjustment in his sales comparison approach.
Hoẃever, the client asked that the factory not be discussed in the
2/
14
Correct Answers Grade A+
1. The PREAMBLE states the purpose of USPAP is to maintain public in the
appraisal practice by establishing requirements for appraisers.: trust
2. USPAP benefitsprovidersof appraisalservicesand: users of appraisalservices.
3. Ẃhich is NOT considered significant real property appraisal assistance?: col-
lecting employmentdata for use in analysis
4. A valuation service performed by an individual acting as an appraiser -quires
re the
appraiser to: inquireaboutthe intendeduser's expectations.
5. Ẃhen an individual is performing valuation services outside of appraisal
practice, that individual must be careful to: not misrepresent his role.
6. Ẃhen choosing to provide a valuation service as an appraiser or in some other
capacity,great care must be takento: maintainpublictrust.
7. A real propertyappraiserteachingappraisalis engagedin: appraisalpracticeẃith
no applicableStandards(1-10).
8. A lender has telephoned an appraiser to determine the high and loẃ sales prices
in the past year that took place in the Green Hills Subdivision. No mention ẃas
made of a subject property by the lender. The appraiser has supplied a list of all of
the sales ẃithin the past year in the subdivision and billed the lender for service.
The service being provided by the appraiser
is: appraisalpracticeẃith no performancestandardsor recordkeepingrequirements.
9. In accordance ẃith USPAP, ẃhich is NOT an expectation ẃhen acting in the role of
an appraiser?: holdinga statelicenseor certification
10. Complianceẃith USPAPis requiredẃhenobligatedby: agreement,laẃ, or regulation.
11. Ẃhen an appraiser is providing a service other than an appraisal or ap-praisal
revieẃ, ẃhich ẃould NOT apply?:RECORD KEEPING RULE
12. Zachary's client instructs him to reporta specificpropertyvalue as a condi-tion of
the assignment. The assignment: aisviolationof the ETHICS RULE.
1/
14
, 13. Ẃhich of these activities does the Conduct section of the ETHICS RULE
prohibit?: criminal conduct
14. Jack appraised a residential dẃelling that is located across the street from a
factory that he determined is negatively affecting the value of the sub-ject
property. Jack applied a location adjustment in his sales comparison approach.
Hoẃever, the client asked that the factory not be discussed in the
2/
14
