USPAP 15-HOUR COURSE EXAM QUESTIONS
WITH CORRECT ANSWERS 2026
Currently, the boards within Appraisal Foundation include: - CORRECT ANSWER -Appraisal
Standards Board, Appraiser Qualifications Board, Board of Trustees
The Appraisal Foundation has the authority to enforce the requirements of USPAP, True or
False? - CORRECT ANSWER -False
Which Foundation Board is responsible for USPAP? - CORRECT ANSWER -Appraisal Standards
Board (ASB)
Which entity appoints members of the AQB and ASB? - CORRECT ANSWER -Board of Trustees
(BOT)
Which entity is responsible for establishing education and experience requirements for licensing
and certification of appraisers? - CORRECT ANSWER -Appraiser Qualifications Board
Qualifications criteria for appraiser certification and recertification are disseminated to state
appraisal boards by the: - CORRECT ANSWER -Appraiser Qualifications Board (AQB)
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
Which entity maintains the official National Registry of state-certified and licensed appraisers? -
CORRECT ANSWER -Appraisal Subcommittee
,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
USPAP is enforced by: - CORRECT ANSWER -State appraiser licensing/certification agencies
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
Which of these is considered an integral part of USPAP and has the same weight as the
components they address? - CORRECT ANSWER -Comments
In USPAP, the appraisal process is divided into two distinct types of activity: - CORRECT ANSWER
-Development and reporting
Which step in the appraisal process involves communication of the appraiser's opinions and
conclusions? - CORRECT ANSWER -Reporting
The first step in the appraisal process is: - CORRECT ANSWER -Identify the problem
When obligated by law or regulation, an appraiser _______ comply with USPAP. - CORRECT
ANSWER -Must
, To which property does USPAP apply? - CORRECT ANSWER -Both Tangible and Intangible
property
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 is intended to benefit - CORRECT ANSWER -Appraisers and
users of appraisal services
An appraiser has the professional responsibility to identify the capacity in which he or she is
performing, True or False? - CORRECT ANSWER -True
The requirement for USPAP compliance in an appraisal assignment could be the result of: -
CORRECT ANSWER -Law or regulation, Voluntary choice by the appraiser, Agreement with the
client.
A valuation service that is premised upon advocacy: - CORRECT ANSWER -Cannot be performed
by an individual acting as an appraiser
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.
When perfoming 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
A preference or inclination that precludes an appraiser's impartiality, independence, or
objectivity is: - CORRECT ANSWER -Bias
WITH CORRECT ANSWERS 2026
Currently, the boards within Appraisal Foundation include: - CORRECT ANSWER -Appraisal
Standards Board, Appraiser Qualifications Board, Board of Trustees
The Appraisal Foundation has the authority to enforce the requirements of USPAP, True or
False? - CORRECT ANSWER -False
Which Foundation Board is responsible for USPAP? - CORRECT ANSWER -Appraisal Standards
Board (ASB)
Which entity appoints members of the AQB and ASB? - CORRECT ANSWER -Board of Trustees
(BOT)
Which entity is responsible for establishing education and experience requirements for licensing
and certification of appraisers? - CORRECT ANSWER -Appraiser Qualifications Board
Qualifications criteria for appraiser certification and recertification are disseminated to state
appraisal boards by the: - CORRECT ANSWER -Appraiser Qualifications Board (AQB)
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
Which entity maintains the official National Registry of state-certified and licensed appraisers? -
CORRECT ANSWER -Appraisal Subcommittee
,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
USPAP is enforced by: - CORRECT ANSWER -State appraiser licensing/certification agencies
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
Which of these is considered an integral part of USPAP and has the same weight as the
components they address? - CORRECT ANSWER -Comments
In USPAP, the appraisal process is divided into two distinct types of activity: - CORRECT ANSWER
-Development and reporting
Which step in the appraisal process involves communication of the appraiser's opinions and
conclusions? - CORRECT ANSWER -Reporting
The first step in the appraisal process is: - CORRECT ANSWER -Identify the problem
When obligated by law or regulation, an appraiser _______ comply with USPAP. - CORRECT
ANSWER -Must
, To which property does USPAP apply? - CORRECT ANSWER -Both Tangible and Intangible
property
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 is intended to benefit - CORRECT ANSWER -Appraisers and
users of appraisal services
An appraiser has the professional responsibility to identify the capacity in which he or she is
performing, True or False? - CORRECT ANSWER -True
The requirement for USPAP compliance in an appraisal assignment could be the result of: -
CORRECT ANSWER -Law or regulation, Voluntary choice by the appraiser, Agreement with the
client.
A valuation service that is premised upon advocacy: - CORRECT ANSWER -Cannot be performed
by an individual acting as an appraiser
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.
When perfoming 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
A preference or inclination that precludes an appraiser's impartiality, independence, or
objectivity is: - CORRECT ANSWER -Bias
