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2024-2025 USPAP 7HR Update Questions and
Answers 100% Pass
Increasing property values - ANSWER ✔✔-In a real property appraisal report, which of these is LEAST
likely to be considered a "code word" that could indicate disparate treatment?
Up-and-coming area
Low crime rate
Homes show good pride of ownership
Increasing property values
- ANSWER ✔✔-An appraiser is valuing a property that is zoned R-1 Residential. The appraiser decides
to value the property under the extraordinary assumption that the property is zoned to allow commercial
use. May the appraiser complete this assignment using this extraordinary assumption as planned?
Yes, as long as the appraiser clearly states the use of the extraordinary assumption in the report
Yes, as long as the appraiser makes a reasonable attempt to verify the subject property's zoning
No, because there is no reasonable basis for the extraordinary assumption
No, but if the client requests the appraiser use an extraordinary assumption in this manner, the appraiser
must follow the client's instructions
Created by Grace Amelia © 2025, All Rights Reserved.
,2|Page
The appraiser cannot control how the client might use the report provided by the appraiser. - ANSWER
✔✔-An appraiser is asked by a residential property owner to value the property because the owner is
considering selling it. The appraiser provides an oral report to the property owner. The owner records the
oral report presentation, transcribes it, and attempts to use the transcript to obtain a home equity loan
from a local lender. What sentence BEST describes the appraiser's culpability in this situation?
This transcript is an appraisal report that was provided by the appraiser, and therefore the appraiser
should contact the lender to discuss the assignment.
The appraiser should have known the property owner was going to do this and therefore should not have
provided an oral report.
The client has violated the Confidentiality section of the ETHICS RULE by recording the appraiser
without the appraiser's consent.
The appraiser cannot control how the client might use the report provided by the appraiser.
- ANSWER ✔✔-An appraiser has been engaged to value a non-residential property for a mortgage
lending transaction. The property had been purchased by the current owner 34 months prior to the
effective date of the appraisal. In the appraisal development process, the appraiser analyzes this prior
sale. What else, if anything, does USPAP require the appraiser to do with regard to this prior sale?
The appraiser must summarize the results of the analysis of the prior sale in the appraisal report.
The appraiser must include a copy of public record documentation of this sale in the assignment workfile.
The appraiser must personally verify this prior sale with a party to the transaction.
Nothing, the appraiser has fulfilled their USPAP obligation to analyze the prior sale.
Created by Grace Amelia © 2025, All Rights Reserved.
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Housing for older persons - ANSWER ✔✔-The Fair Housing Act contains a specific exception that allows
an appraiser to use or rely on an otherwise protected characteristic in appraising:
Houses designed for use by single individuals
Dwellings constructed prior to 1978
Properties that are not mortgaged
Housing for older persons
- ANSWER ✔✔-Appraiser C completes an appraisal on a property, and the scope of work involved a
personal inspection of the property. Nine months later, the same client engages Appraiser C to perform
another appraisal on the same property. For this assignment, Appraiser C does not inspect the property.
Is it permissible for Appraiser C to certify, in the new appraisal report, that they made a personal
inspection of the subject property?
No, because Appraiser C did not make a personal inspection as part of the scope of work for the new
assignment.
Yes, because the assignment involves the same property, appraiser, and client.
USPAP does not address this issue, so Appraiser C may do as they wish.
It depends on how much information from the prior inspection is used by Appraiser C in developing the
new appraisal.
- ANSWER ✔✔-Appraiser A is valuing an income-producing residential property in an assignment that
could potentially involve testimony. Appraiser A asks another appraiser in the same firm, Appraiser B, to
Created by Grace Amelia © 2025, All Rights Reserved.
, 4|Page
proofread the report before it is transmitted to the client. Is Appraiser A required to disclose the
assistance provided by Appraiser B?
Yes, because Appraiser B is a credentialed appraiser
No, because proofreading is clerical in nature and is not considered significant appraisal assistance
No, but Appraiser B's name should be retained in the workfile so that if an error is later found, Appraiser
A will know who to blame
Yes, because Appraiser B provided significant appraisal assistance
Fair Housing Act - ANSWER ✔✔-Which of these federal laws is specifically referenced in the
Nondiscrimination section of the ETHICS RULE?
Fair Housing Act
Dodd-Frank Act
Affordable Care Act
Financial Institutions Reform, Recovery, and Enforcement Act
- ANSWER ✔✔-What is the purpose of the contents of an appraiser's workfile, according to USPAP?
To show compliance with USPAP
To preserve evidence of the appraiser's agreement with a client to provide a service
To ensure the appraiser retains a report copy until the legal statute of limitations expires
Created by Grace Amelia © 2025, All Rights Reserved.
2024-2025 USPAP 7HR Update Questions and
Answers 100% Pass
Increasing property values - ANSWER ✔✔-In a real property appraisal report, which of these is LEAST
likely to be considered a "code word" that could indicate disparate treatment?
Up-and-coming area
Low crime rate
Homes show good pride of ownership
Increasing property values
- ANSWER ✔✔-An appraiser is valuing a property that is zoned R-1 Residential. The appraiser decides
to value the property under the extraordinary assumption that the property is zoned to allow commercial
use. May the appraiser complete this assignment using this extraordinary assumption as planned?
Yes, as long as the appraiser clearly states the use of the extraordinary assumption in the report
Yes, as long as the appraiser makes a reasonable attempt to verify the subject property's zoning
No, because there is no reasonable basis for the extraordinary assumption
No, but if the client requests the appraiser use an extraordinary assumption in this manner, the appraiser
must follow the client's instructions
Created by Grace Amelia © 2025, All Rights Reserved.
,2|Page
The appraiser cannot control how the client might use the report provided by the appraiser. - ANSWER
✔✔-An appraiser is asked by a residential property owner to value the property because the owner is
considering selling it. The appraiser provides an oral report to the property owner. The owner records the
oral report presentation, transcribes it, and attempts to use the transcript to obtain a home equity loan
from a local lender. What sentence BEST describes the appraiser's culpability in this situation?
This transcript is an appraisal report that was provided by the appraiser, and therefore the appraiser
should contact the lender to discuss the assignment.
The appraiser should have known the property owner was going to do this and therefore should not have
provided an oral report.
The client has violated the Confidentiality section of the ETHICS RULE by recording the appraiser
without the appraiser's consent.
The appraiser cannot control how the client might use the report provided by the appraiser.
- ANSWER ✔✔-An appraiser has been engaged to value a non-residential property for a mortgage
lending transaction. The property had been purchased by the current owner 34 months prior to the
effective date of the appraisal. In the appraisal development process, the appraiser analyzes this prior
sale. What else, if anything, does USPAP require the appraiser to do with regard to this prior sale?
The appraiser must summarize the results of the analysis of the prior sale in the appraisal report.
The appraiser must include a copy of public record documentation of this sale in the assignment workfile.
The appraiser must personally verify this prior sale with a party to the transaction.
Nothing, the appraiser has fulfilled their USPAP obligation to analyze the prior sale.
Created by Grace Amelia © 2025, All Rights Reserved.
,3|Page
Housing for older persons - ANSWER ✔✔-The Fair Housing Act contains a specific exception that allows
an appraiser to use or rely on an otherwise protected characteristic in appraising:
Houses designed for use by single individuals
Dwellings constructed prior to 1978
Properties that are not mortgaged
Housing for older persons
- ANSWER ✔✔-Appraiser C completes an appraisal on a property, and the scope of work involved a
personal inspection of the property. Nine months later, the same client engages Appraiser C to perform
another appraisal on the same property. For this assignment, Appraiser C does not inspect the property.
Is it permissible for Appraiser C to certify, in the new appraisal report, that they made a personal
inspection of the subject property?
No, because Appraiser C did not make a personal inspection as part of the scope of work for the new
assignment.
Yes, because the assignment involves the same property, appraiser, and client.
USPAP does not address this issue, so Appraiser C may do as they wish.
It depends on how much information from the prior inspection is used by Appraiser C in developing the
new appraisal.
- ANSWER ✔✔-Appraiser A is valuing an income-producing residential property in an assignment that
could potentially involve testimony. Appraiser A asks another appraiser in the same firm, Appraiser B, to
Created by Grace Amelia © 2025, All Rights Reserved.
, 4|Page
proofread the report before it is transmitted to the client. Is Appraiser A required to disclose the
assistance provided by Appraiser B?
Yes, because Appraiser B is a credentialed appraiser
No, because proofreading is clerical in nature and is not considered significant appraisal assistance
No, but Appraiser B's name should be retained in the workfile so that if an error is later found, Appraiser
A will know who to blame
Yes, because Appraiser B provided significant appraisal assistance
Fair Housing Act - ANSWER ✔✔-Which of these federal laws is specifically referenced in the
Nondiscrimination section of the ETHICS RULE?
Fair Housing Act
Dodd-Frank Act
Affordable Care Act
Financial Institutions Reform, Recovery, and Enforcement Act
- ANSWER ✔✔-What is the purpose of the contents of an appraiser's workfile, according to USPAP?
To show compliance with USPAP
To preserve evidence of the appraiser's agreement with a client to provide a service
To ensure the appraiser retains a report copy until the legal statute of limitations expires
Created by Grace Amelia © 2025, All Rights Reserved.
