7-HR NATIONAL USPAP COURSE ALL DONE
SOLUTION GUIDE 2023
The ASB considers suggestions for changes to USPAP from: - Appraisers, users of appraisal
services, regulators, and others
You have a suggestion for a change to USPAP, and you want to tell the ASB about it. When
making your suggestion, it is helpful to the ASB if you: - Explain how the proposed change will
enhance public trust in appraisal practice
The ASB has received numerous public comment letters in response to an exposure draft.
When considering these comments, the ASB's primary focus is: - The reasoning and insight
presented in the letter
The term "credible," as used in USPAP, refers to: - Appraisal development
An appraisal reviewer uses the word "misleading" in relation to the work under review.
Assuming the reviewer has used this term properly, the reviewer is referring to: - The report
under review
Assignment results in a real property appraisal assignment would include: - The highest and
best use conclusion
In a real property appraisal assignment, assignment conditions would NOT include: -
Assignment due date
The revision to the definition of Personal Property for 2020-21 was made for the purpose of: -
Including items that are developed and stored electronically
According to the definition of personal inspection in USPAP: - An appraiser is not expected to
perform specialized testing or use special equipment
An appraiser values a property based on viewing high-definition video footage shot from a
drone piloted by the appraiser's assistant. The appraiser did not visit the property. The
appraiser views and reviews the video footage so many times that she truly feels like she has
been at the property. May the appraiser sign a certification indicating that she made a personal
inspection of the subject property? - No, because the appraiser was never physically present at
the property
, The definition of misleading in the 2020-21 USPAP specifies that a misrepresentation,
misstatement, or concealment of relevant facts or conclusions: - May be intentional or
unintentional
Features that affect a property's value or marketability are: - Relevant characteristics
An appraiser inserts this statement in an appraisal report. "The dwelling has one bedroom and
therefore does not meet the demands of typical buyers in its market." What is this statement? -
Both a physical characteristic and an assignment result
Physical characteristics are best described as: - Facts
An appraiser is developing a market value appraisal. What should he or she do with regard to
the definition of value? - Identify the definition of market value that is appropriate for the
assignment
In a real property appraisal assignment, assignment conditions would NOT include: -
Assignment due date
One who is expected to render valuation services competently and in a manner that is
independent, impartial, and objective, is the definition of: - Appraiser
Assignment elements include all of the following except: - Due date for report submission
An appraiser completes an appraisal on a property, using a current effective date, and transmits
the report to the client. The client subsequently requests the appraiser to revise the appraisal
to change the effective date to a retrospective date. May the appraiser comply with this
request as part of the original assignment? - No, changing the effective date results in a new
assignment
An appraiser is offered an appraisal review assignment by a potential new client. What must
the appraiser do before determining the scope of work for this assignment? - Identify the
assignment elements
An appraiser is asked by a client, a residential mortgage lender, to value a mixed-use property
solely as a residence and omit any information about the property's non-residential
characteristics from the appraisal report. The appraiser complies with the client's request.
What is the most appropriate USPAP term to describe the appraiser's actions? - Misleading
In an appraisal report on a unit in a condominium project, an appraiser notes that the project
has a pool, a playground, and a clubhouse. These are: - Physical characteristics
An appraiser is not permitted by the client to make a personal inspection of the subject
property. The appraiser determines she does not have sufficient information about the
SOLUTION GUIDE 2023
The ASB considers suggestions for changes to USPAP from: - Appraisers, users of appraisal
services, regulators, and others
You have a suggestion for a change to USPAP, and you want to tell the ASB about it. When
making your suggestion, it is helpful to the ASB if you: - Explain how the proposed change will
enhance public trust in appraisal practice
The ASB has received numerous public comment letters in response to an exposure draft.
When considering these comments, the ASB's primary focus is: - The reasoning and insight
presented in the letter
The term "credible," as used in USPAP, refers to: - Appraisal development
An appraisal reviewer uses the word "misleading" in relation to the work under review.
Assuming the reviewer has used this term properly, the reviewer is referring to: - The report
under review
Assignment results in a real property appraisal assignment would include: - The highest and
best use conclusion
In a real property appraisal assignment, assignment conditions would NOT include: -
Assignment due date
The revision to the definition of Personal Property for 2020-21 was made for the purpose of: -
Including items that are developed and stored electronically
According to the definition of personal inspection in USPAP: - An appraiser is not expected to
perform specialized testing or use special equipment
An appraiser values a property based on viewing high-definition video footage shot from a
drone piloted by the appraiser's assistant. The appraiser did not visit the property. The
appraiser views and reviews the video footage so many times that she truly feels like she has
been at the property. May the appraiser sign a certification indicating that she made a personal
inspection of the subject property? - No, because the appraiser was never physically present at
the property
, The definition of misleading in the 2020-21 USPAP specifies that a misrepresentation,
misstatement, or concealment of relevant facts or conclusions: - May be intentional or
unintentional
Features that affect a property's value or marketability are: - Relevant characteristics
An appraiser inserts this statement in an appraisal report. "The dwelling has one bedroom and
therefore does not meet the demands of typical buyers in its market." What is this statement? -
Both a physical characteristic and an assignment result
Physical characteristics are best described as: - Facts
An appraiser is developing a market value appraisal. What should he or she do with regard to
the definition of value? - Identify the definition of market value that is appropriate for the
assignment
In a real property appraisal assignment, assignment conditions would NOT include: -
Assignment due date
One who is expected to render valuation services competently and in a manner that is
independent, impartial, and objective, is the definition of: - Appraiser
Assignment elements include all of the following except: - Due date for report submission
An appraiser completes an appraisal on a property, using a current effective date, and transmits
the report to the client. The client subsequently requests the appraiser to revise the appraisal
to change the effective date to a retrospective date. May the appraiser comply with this
request as part of the original assignment? - No, changing the effective date results in a new
assignment
An appraiser is offered an appraisal review assignment by a potential new client. What must
the appraiser do before determining the scope of work for this assignment? - Identify the
assignment elements
An appraiser is asked by a client, a residential mortgage lender, to value a mixed-use property
solely as a residence and omit any information about the property's non-residential
characteristics from the appraisal report. The appraiser complies with the client's request.
What is the most appropriate USPAP term to describe the appraiser's actions? - Misleading
In an appraisal report on a unit in a condominium project, an appraiser notes that the project
has a pool, a playground, and a clubhouse. These are: - Physical characteristics
An appraiser is not permitted by the client to make a personal inspection of the subject
property. The appraiser determines she does not have sufficient information about the
