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Mckissock USPAP Chapter 1 Questions and
Answers 100% Pass
USPAP Provides... - ANSWER ✔✔-1. A common basis for comparison
2. A reference source for all users of the document
3. A basis for uniform enforcement for state regulatory agencies
4. A reason for clients, other intended users, and the public to place their trust in the services performed
by professional appraisers
USPAP Stands for - ANSWER ✔✔-Uniform Standards of Professional Appraisal Practice
Year Appraisal Foundation formed - ANSWER ✔✔-1987
3 Boards of Appraisal Foundation - ANSWER ✔✔-- Board of Trustees (BOT)
- The Appraiser Qualifications Board (AQB)
- The Appraisal Standards Board (ASB)
- Appraisal Practices Board (APB)
How does USPAP achieve legal authority - ANSWER ✔✔-It achieves legal authority by adoption,
citation, or implementation by government agencies through regulation or administrative actions, or by
private enterprise in the form of contract requirements.
Functions of the Board of Trustees (BOT) - ANSWER ✔✔--Appoints Members to the APB, AQB, and ASB
-Secures funding for TAF operations
Created by Grace Amelia © 2025, All Rights Reserved.
Mckissock USPAP Chapter 1 Questions and
Answers 100% Pass
USPAP Provides... - ANSWER ✔✔-1. A common basis for comparison
2. A reference source for all users of the document
3. A basis for uniform enforcement for state regulatory agencies
4. A reason for clients, other intended users, and the public to place their trust in the services performed
by professional appraisers
USPAP Stands for - ANSWER ✔✔-Uniform Standards of Professional Appraisal Practice
Year Appraisal Foundation formed - ANSWER ✔✔-1987
3 Boards of Appraisal Foundation - ANSWER ✔✔-- Board of Trustees (BOT)
- The Appraiser Qualifications Board (AQB)
- The Appraisal Standards Board (ASB)
- Appraisal Practices Board (APB)
How does USPAP achieve legal authority - ANSWER ✔✔-It achieves legal authority by adoption,
citation, or implementation by government agencies through regulation or administrative actions, or by
private enterprise in the form of contract requirements.
Functions of the Board of Trustees (BOT) - ANSWER ✔✔--Appoints Members to the APB, AQB, and ASB
-Secures funding for TAF operations
Created by Grace Amelia © 2025, All Rights Reserved.
