Questions and
Answers Updated
2026
DoesBaB"jurisdictionalBexception"BallowBanBappraiserBtoBdisregardBtheBrequirementsBo
fBUSPAP?
YesBorBNoB-BAnswerBYes
TheBJURISDICTIONALBEXCEPTIONBRULEBprovidesBforBtheBsituationBinBwhichBpartsBofB
USPAPBmayBbeBprecludedBbyBlawBorBregulationBinBcertainBjurisdictions.
TheB______BRuleBsetsBforthBtheBrequirementsBforBintegrity,Bimpartiality,Bobjectivity,Bin
dependentBjudgementBandBethicalBcontent.B-BAnswerBEthics
InBtheB__________,BdataBandBanalysesBprovidedBbyBaBreviewerBtoBsupportBaBdifferen
tBopinionBmustBbeBconsistentBwithBtheBreportingBstandard.B-
BAnswerBAppraisalBReviewBReport
AnBappraiser'sBopinionsBandBconclusionsBdevelopedBspecificBtoBanBassignmentBisBcalle
dBwhat?B-BAnswerBAssignmentBResults
ABmonthBafterByouBsubmitBtheBappraisalBtoByourBclient,BheBasksByouBtoBdiscountByo
urBfeeBbecauseBhisBloanBdidBnotBclose.BDoesBUSPAPBallowBthis?B-BAnswerBNo
IsBitBacceptableBtoBreaddressBorBtransferBaBcompletedBappraisalBreport?ByesBorBnoB-
BAnswerBNo.B
, OnceBaBreportBhasBbeenBpreparedBforBaBnamedBclientBorBclients,BtheBappraiserBcann
otBreaddressBorBtransferBtheBreportBtoBanotherBparty.BSimplyBchangingBtheBclientBna
meBonBtheBreportBcannotBchangeBorBreplaceBtheBoriginalBappraiser-
clientBrelationship.BTherefore,BthisBactionBisBmisleading.
However,ByouBcanBconsiderBtheBrequestBasBaBnewBassignment.BInBsoBdoing,ByouBma
yBestablishBaBnewBappraiser-
clientBrelationshipBandBappraiseBtheBpropertyBforBthisBnewBclient.
WhichBofBtheBexamplesBbelowBanBexampleBofB"substantialBerrorBofBomission?
.*OmittingBtheBHighestB&BBestBUse.
*AnBappraiserBmakingBaBmistakeBonBhowBmanyBunitsBareBinBanBapartmentBcomplexB
heBisBvaluing.
*NotBincludingBtheBengagementBletterBinBtheBaddenda.
*IncludingBtheBwrongBfloodBmap.B-BAnswerBOmittingBtheBHighestB&BBestBUse.
WhatBRuleBmandatesBthatBanBappraiserBmustBhaveBaBworkfileBinBexistenceBpriorBtoBt
heBissuanceBofBanyBreportBisBcontainedBinBwhichBpartBofBUSPAP?B-
BAnswerBRecordBKeepingBRule
TheBpartyBorBpartiesBwhoBengage,BbyBemploymentBorBcontract,BanBappraiserBinBaBsp
ecificassignmentBisBcalledBaB_____________.B-BAnswerBClient
IsBitBtrueBthatBAdvisoryBOpinionsBareBnotBpartBofBUSPAP?
FalseBorBTrueB-BAnswerBTrue
TheBAdvisoryBOpinions,BwhichBareBincludedBinBtheBsameBpublicationBasBtheBRules,BSt
andards,BandBStatements,BareBidentifiedBasBaBformBofBotherBcommunicationsBissuedB
byBtheBAppraisalBStandardsBBoardB(ASB).BJustBlikeBFrequentlyBAskedBQuestions,BAdvis
oryBOpinionsBareBpublishedBtoBillustrateBtheBapplicabilityBofBappraisalBstandardsBinBsp
ecificBsituationsBandBtoBofferBadviceBfromBtheBASBBforBtheBresolutionBofBappraisalBiss
uesBandBproblems.