15 HR USPAP COURSE STUDY GUIDE EXAM QUESTIONS
WITH CORRECT ANSWERS 2026
Which Foundation board is responsible for USPAP? - CORRECT ANSWER -Appraisal Standards
Board (ASB)
T or F? The Appraisal Foundation has the authority to enforce the requirements of USPAP. -
CORRECT ANSWER -false
Currently, the boards within The Appraisal Foundation include: - CORRECT ANSWER -Appraisal
Standards Board, Appraiser Qualifications Board, Board of Trustees
Qualification criteria for appraiser certification and recertification are disseminated to state
appraisal boards by the: - CORRECT ANSWER -Appraiser Qualifications Board (AQB)
Which entity is responsible for establishing education and experience requirements for licensing
and certification of appraisers? - CORRECT ANSWER -Appraiser Qualifications Board (AQB)
Which entity appoints members of the AQB and ASB? - CORRECT ANSWER -Board of Trustees
(BOT)
USPAP is written, amended, and interpreted by the: - CORRECT ANSWER -Appraisal Standards
Board (ASB)
Advisory Opinions are best described as - CORRECT ANSWER -not part of USPAP, but included as
reference material
USPAP is enforced by: - CORRECT ANSWER -State appraiser licensing/certification agencies
,Who is responsible for issuing credentials to individual appraisers? - CORRECT ANSWER -State
appraisal regulatory agencies
Which is NOT a responsibility of the Appraisal Subcommittee (ASC)? - CORRECT ANSWER -
Writing, interpreting, and amending USPAP
Which entity maintains the official National Registry of state-certified and licensed appraisers? -
CORRECT ANSWER -Appraisal Subcommittee (ASC)
Which of these is considered an integral part of USPAP and has the same weight as the
components they address? - CORRECT ANSWER -comments
Which part of USPAP establishes the requirements for workfile content for an appraisal or
appraisal review assignment? - CORRECT ANSWER -RECORD KEEPING RULE
Why are USPAP Advisory Opinions issued? - CORRECT ANSWER -to offer advice
The first step in the appraisal process is: - CORRECT ANSWER -Identify the problem
In USPAP, the appraisal process is divided into two distinct types of activity: _________ and
__________. - CORRECT ANSWER -Development, reporting
Which step in the appraisal process involves communication of the appraiser's opinions and
conclusions? - CORRECT ANSWER -reporting
What is the stated purpose of USPAP? - CORRECT ANSWER -Promote and maintain a high level
of public trust in appraisal practice
, The PREAMBLE states that USPAP intended to benefit: - CORRECT ANSWER -Appraisers and
users of appraisal services
When obligated by law or regulation, an appraiser _______ comply with USPAP. - CORRECT
ANSWER -Must
To which property types does USPAP apply? - CORRECT ANSWER -Both tangible and intangible
property
T or F? An appraiser has the professional responsibility to identify the capacity in which he or
she is performing. - CORRECT ANSWER -true
The requirement for USPAP compliance in an appraisal assignment could be the result of: -
CORRECT ANSWER -Law or regulation, Agreement with the client, Voluntary choice by the
appraiser
When performing valuation services outside of appraisal practice, an individual must be careful
not to __________ the client and other intended users about his or her 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
he or she is acting as an appraiser
A valuation service that is premised upon advocacy: - CORRECT ANSWER -It cannot be
performed by an individual acting as an appraiser
A preference or inclination that precludes an appraiser's impartiality, independence, or
objectivity is: - CORRECT ANSWER -bias
WITH CORRECT ANSWERS 2026
Which Foundation board is responsible for USPAP? - CORRECT ANSWER -Appraisal Standards
Board (ASB)
T or F? The Appraisal Foundation has the authority to enforce the requirements of USPAP. -
CORRECT ANSWER -false
Currently, the boards within The Appraisal Foundation include: - CORRECT ANSWER -Appraisal
Standards Board, Appraiser Qualifications Board, Board of Trustees
Qualification criteria for appraiser certification and recertification are disseminated to state
appraisal boards by the: - CORRECT ANSWER -Appraiser Qualifications Board (AQB)
Which entity is responsible for establishing education and experience requirements for licensing
and certification of appraisers? - CORRECT ANSWER -Appraiser Qualifications Board (AQB)
Which entity appoints members of the AQB and ASB? - CORRECT ANSWER -Board of Trustees
(BOT)
USPAP is written, amended, and interpreted by the: - CORRECT ANSWER -Appraisal Standards
Board (ASB)
Advisory Opinions are best described as - CORRECT ANSWER -not part of USPAP, but included as
reference material
USPAP is enforced by: - CORRECT ANSWER -State appraiser licensing/certification agencies
,Who is responsible for issuing credentials to individual appraisers? - CORRECT ANSWER -State
appraisal regulatory agencies
Which is NOT a responsibility of the Appraisal Subcommittee (ASC)? - CORRECT ANSWER -
Writing, interpreting, and amending USPAP
Which entity maintains the official National Registry of state-certified and licensed appraisers? -
CORRECT ANSWER -Appraisal Subcommittee (ASC)
Which of these is considered an integral part of USPAP and has the same weight as the
components they address? - CORRECT ANSWER -comments
Which part of USPAP establishes the requirements for workfile content for an appraisal or
appraisal review assignment? - CORRECT ANSWER -RECORD KEEPING RULE
Why are USPAP Advisory Opinions issued? - CORRECT ANSWER -to offer advice
The first step in the appraisal process is: - CORRECT ANSWER -Identify the problem
In USPAP, the appraisal process is divided into two distinct types of activity: _________ and
__________. - CORRECT ANSWER -Development, reporting
Which step in the appraisal process involves communication of the appraiser's opinions and
conclusions? - CORRECT ANSWER -reporting
What is the stated purpose of USPAP? - CORRECT ANSWER -Promote and maintain a high level
of public trust in appraisal practice
, The PREAMBLE states that USPAP intended to benefit: - CORRECT ANSWER -Appraisers and
users of appraisal services
When obligated by law or regulation, an appraiser _______ comply with USPAP. - CORRECT
ANSWER -Must
To which property types does USPAP apply? - CORRECT ANSWER -Both tangible and intangible
property
T or F? An appraiser has the professional responsibility to identify the capacity in which he or
she is performing. - CORRECT ANSWER -true
The requirement for USPAP compliance in an appraisal assignment could be the result of: -
CORRECT ANSWER -Law or regulation, Agreement with the client, Voluntary choice by the
appraiser
When performing valuation services outside of appraisal practice, an individual must be careful
not to __________ the client and other intended users about his or her 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
he or she is acting as an appraiser
A valuation service that is premised upon advocacy: - CORRECT ANSWER -It cannot be
performed by an individual acting as an appraiser
A preference or inclination that precludes an appraiser's impartiality, independence, or
objectivity is: - CORRECT ANSWER -bias
