USPAP Practice Test EXAM fully solved & updated 2025-
2026(latest version verified for accuracy) (Questions +
Answers) Solved 100% Correct!!
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Terms in this set (100)
The PREAMBLE states the purpose of USPAP is to trust
maintain public ___ in the appraisal practice by
establishing requirements for appraisers.
USPAP benefits providers of appraisal services and users of appraisal services.
Which is NOT considered significant real property collecting employment data for use in analysis
appraisal assistance?
A valuation service performed by an individual acting as inquire about the intended user's expectations.
an appraiser requires the appraiser to
When an individual is performing valuation services not misrepresent his role.
outside of appraisal practice, that individual must be
careful to
When choosing to provide a valuation service as an maintain public trust.
appraiser or in some other capacity, great care must be
taken to
A real property appraiser teaching appraisal is engaged appraisal practice with no applicable Standards (1-10).
in
, A lender has telephoned an appraiser to determine the appraisal practice with no performance standards or record keeping
high and low sales prices in the past year that took place requirements.
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 in the
subdivision and billed the lender for service. The service
being provided by the appraiser is
In accordance with USPAP, which is NOT an expectation holding a state license or certification
when acting in the role of an appraiser?
Compliance with USPAP is required when obligated by agreement, law, or regulation.
When an appraiser is providing a service other than an RECORD KEEPING RULE
appraisal or appraisal review, which would NOT apply?
Zachary's client instructs him to report a specific property is a violation of the ETHICS RULE.
value as a condition of the assignment. The assignment
Which of these activities does the Conduct section of the criminal conduct
ETHICS RULE prohibit?
Jack appraised a residential dwelling that is located no, omitting the discussion could produce a misleading report
across the street from a factory that he determined is
negatively affecting the value of the subject property.
Jack applied a location adjustment in his sales
comparison approach. However, the client asked that the
factory not be discussed in the appraisal report. Since
Jack addressed the condition with an adjustment, has he
complied with USPAP?
Anthony received an appraisal assignment for a property make proper disclosure regarding the prior assignment
that was previously appraised by him. He understands
that be must handle confidential information
appropriately. What else must Anthony do?
Marcus was hired to appraise a home that be had yes, as long as he discloses the previous service on the property to the client and
previously appraised one year ago. May Marcus accept in the subsequent report certification
the assignment?
A real property appraiser has paid a fee to procure an in the certification and any transmittal letter
appraisal assignment. According to the Management
section of the ETHICS RULE, where must the fee be
disclosed?
Josh received an appraisal request from a lender-client no, an appraiser may not accept an assignment with unacceptable assignment
who told him, to immediately call if the value on the conditions
property is less than the amount stipulated by the lender,
as he doesn't intend to pay for an appraisal that won't
benefit his position. Will acceptance of this assignment be
in compliance with USPAP?
2026(latest version verified for accuracy) (Questions +
Answers) Solved 100% Correct!!
Save
Students also studied
D120 Special Populations Primary C... Portage Learning A&P 1 Exam 1 RCA Exam Prep Portag
639 terms 48 terms 187 terms 26 terms
mjam425 Preview Sar_sha Preview erin_hormozi Preview eric
Terms in this set (100)
The PREAMBLE states the purpose of USPAP is to trust
maintain public ___ in the appraisal practice by
establishing requirements for appraisers.
USPAP benefits providers of appraisal services and users of appraisal services.
Which is NOT considered significant real property collecting employment data for use in analysis
appraisal assistance?
A valuation service performed by an individual acting as inquire about the intended user's expectations.
an appraiser requires the appraiser to
When an individual is performing valuation services not misrepresent his role.
outside of appraisal practice, that individual must be
careful to
When choosing to provide a valuation service as an maintain public trust.
appraiser or in some other capacity, great care must be
taken to
A real property appraiser teaching appraisal is engaged appraisal practice with no applicable Standards (1-10).
in
, A lender has telephoned an appraiser to determine the appraisal practice with no performance standards or record keeping
high and low sales prices in the past year that took place requirements.
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 in the
subdivision and billed the lender for service. The service
being provided by the appraiser is
In accordance with USPAP, which is NOT an expectation holding a state license or certification
when acting in the role of an appraiser?
Compliance with USPAP is required when obligated by agreement, law, or regulation.
When an appraiser is providing a service other than an RECORD KEEPING RULE
appraisal or appraisal review, which would NOT apply?
Zachary's client instructs him to report a specific property is a violation of the ETHICS RULE.
value as a condition of the assignment. The assignment
Which of these activities does the Conduct section of the criminal conduct
ETHICS RULE prohibit?
Jack appraised a residential dwelling that is located no, omitting the discussion could produce a misleading report
across the street from a factory that he determined is
negatively affecting the value of the subject property.
Jack applied a location adjustment in his sales
comparison approach. However, the client asked that the
factory not be discussed in the appraisal report. Since
Jack addressed the condition with an adjustment, has he
complied with USPAP?
Anthony received an appraisal assignment for a property make proper disclosure regarding the prior assignment
that was previously appraised by him. He understands
that be must handle confidential information
appropriately. What else must Anthony do?
Marcus was hired to appraise a home that be had yes, as long as he discloses the previous service on the property to the client and
previously appraised one year ago. May Marcus accept in the subsequent report certification
the assignment?
A real property appraiser has paid a fee to procure an in the certification and any transmittal letter
appraisal assignment. According to the Management
section of the ETHICS RULE, where must the fee be
disclosed?
Josh received an appraisal request from a lender-client no, an appraiser may not accept an assignment with unacceptable assignment
who told him, to immediately call if the value on the conditions
property is less than the amount stipulated by the lender,
as he doesn't intend to pay for an appraisal that won't
benefit his position. Will acceptance of this assignment be
in compliance with USPAP?
