USPAP Course 2026 Question and Answer |
Updated Review from Previously Tested
Questions | Grade A+
• The stated purpose of USPAP -✓✓Promote and maintain a high level
of public trust in appraisal practice.
• When obligated by law or regulation an appraiser must -✓✓comply
with USPAP.
• USPAP applies to which types of properties? -✓✓Tangible and
Intangible
• Valuation services -✓✓is not a subset of appraisal practice.
• An appraiser has the professional responsibility -✓✓to identify the
capacity in which he or she is performing.
• Reasons why an appraiser would prepare an appraisal assignment in
conformance with USPAP -✓✓1. Agreement with client.
2. Law or regulation.
3. Voluntary choice.
,• An appraiser who provides an appraisal service that is not an appraisal,
appraisal review, or appraisal consulting assignment does not have
workfile obligations associated with the assignment. -✓✓True
• An individual is not prohibited from providing valuation services that
involve advocacy while acting as an appraiser. -✓✓False
• When performing valuation services outside of appraisal practice,
appraisers must be careful not to _________________ the client and
other intended users about their role. -✓✓Mislead
• USPAP states that in a situation when an individual is not required by
law, regulation, or agreement to comply with USPAP: -✓✓The
individual should still comply when acting as an appraiser.
• An appraiser is engaged to teach an appraisal course. What parts of
USPAP apply? -✓✓The parts of USPAP that apply generally to
appraisal practice.
• The Appraisal Practices Board (APB) was created when? -✓✓2010
• The APB is a(n) -✓✓independent board.
• Boards within The Appraisal Foundation (TAF) -✓✓1. Board of
Trustees (BOT)
, 2. Appraisal Standards Board (ASB)
3. Appraisal Qualifications Board (AQB)
4. Appraisal Practices Board (APB)
• APB is a -✓✓private entity.
• The APB has authority to enforce the requirements of USPAP. -
✓✓False
• Who has the only jurisdiction and authority over appraisers? -✓✓States
• ASB -✓✓Develops, interprets, and amends USPAP.
• Advisory opinions -✓✓Not part of USPAP; reference material only.
• APB -✓✓Guidance is voluntary.
• ASC -✓✓Maintains the official National Registry of state certified and
licensed appraisers.
• State appraisal regulatory committees -✓✓responsible for issuing
credentials to individual appraisers.
Updated Review from Previously Tested
Questions | Grade A+
• The stated purpose of USPAP -✓✓Promote and maintain a high level
of public trust in appraisal practice.
• When obligated by law or regulation an appraiser must -✓✓comply
with USPAP.
• USPAP applies to which types of properties? -✓✓Tangible and
Intangible
• Valuation services -✓✓is not a subset of appraisal practice.
• An appraiser has the professional responsibility -✓✓to identify the
capacity in which he or she is performing.
• Reasons why an appraiser would prepare an appraisal assignment in
conformance with USPAP -✓✓1. Agreement with client.
2. Law or regulation.
3. Voluntary choice.
,• An appraiser who provides an appraisal service that is not an appraisal,
appraisal review, or appraisal consulting assignment does not have
workfile obligations associated with the assignment. -✓✓True
• An individual is not prohibited from providing valuation services that
involve advocacy while acting as an appraiser. -✓✓False
• When performing valuation services outside of appraisal practice,
appraisers must be careful not to _________________ the client and
other intended users about their role. -✓✓Mislead
• USPAP states that in a situation when an individual is not required by
law, regulation, or agreement to comply with USPAP: -✓✓The
individual should still comply when acting as an appraiser.
• An appraiser is engaged to teach an appraisal course. What parts of
USPAP apply? -✓✓The parts of USPAP that apply generally to
appraisal practice.
• The Appraisal Practices Board (APB) was created when? -✓✓2010
• The APB is a(n) -✓✓independent board.
• Boards within The Appraisal Foundation (TAF) -✓✓1. Board of
Trustees (BOT)
, 2. Appraisal Standards Board (ASB)
3. Appraisal Qualifications Board (AQB)
4. Appraisal Practices Board (APB)
• APB is a -✓✓private entity.
• The APB has authority to enforce the requirements of USPAP. -
✓✓False
• Who has the only jurisdiction and authority over appraisers? -✓✓States
• ASB -✓✓Develops, interprets, and amends USPAP.
• Advisory opinions -✓✓Not part of USPAP; reference material only.
• APB -✓✓Guidance is voluntary.
• ASC -✓✓Maintains the official National Registry of state certified and
licensed appraisers.
• State appraisal regulatory committees -✓✓responsible for issuing
credentials to individual appraisers.
