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USPAP McKissock Exam Questions and Answers
100% Pass
Currently, the boards within The Appraisal Foundation include: - ANSWER ✔✔-Appraisal Standards
Board, Appraiser Qualifications Board, Board of Trustees
Which Foundation board is responsible for USPAP? - ANSWER ✔✔-Appraisal Standards Board (ASB)
Which entity appoints members of the AQB and ASB? - ANSWER ✔✔-Board of Trustees (BOT)
Qualification criteria for appraiser certification and recertification are disseminated to state appraisal
board by the? - ANSWER ✔✔-Appraiser Qualifications Board
Which entity is responsible for establishing education and experience requirements for licensing and
certification of appraisers? - ANSWER ✔✔-Appraiser Qualifications Board (AQB)
USPAP is written, amended, and interpreted by the: - ANSWER ✔✔-Appraisal Standards Board (ASB)
Advisory Opinions are best described as - ANSWER ✔✔-not part of USPAP, but included as reference
material
Which entity maintains the official National Registry of state-certified and licensed appraisers? -
ANSWER ✔✔-Appraisal Subcommittee (ASC)
USPAP is enforced by: - ANSWER ✔✔-State appraiser licensing/certification agencies
Who is responsible for issuing credentials to individual appraisers - ANSWER ✔✔-State appraisal
regulatory agencies
Created by Grace Amelia © 2025, All Rights Reserved.
, 2|Page
Which is not a responsibility of the Appraisal Subcommittee - ANSWER ✔✔-Writing, interpreting, and
amending USPAP
Which part of USPAP establishes the requirements for workfile content for an appraisal or appraisal
review assignment? - ANSWER ✔✔-RECORD KEEPING RULE
Why are USPAP Advisory Opinions issued? - ANSWER ✔✔-offer advice
Which of these is considered an integral part of USPAP and has the same weight as the components they
address? - ANSWER ✔✔-comments
In USPAP the appraisal process is divided into two distinct types of activity______ and ______? -
ANSWER ✔✔-Development and Reporting
The first step in the appraisal process is ? - ANSWER ✔✔-Identify the problem
Which step in the appraisal process involves communication of the appraiser's opinions and conclusions?
- ANSWER ✔✔-reporting
What is the stated purpose of USPAP - ANSWER ✔✔-Promote and maintain a high level of public trust
in appraisal practice
To which property types does USPAP apply - ANSWER ✔✔-Both tangible and intangible property
The preamble states that USPAP intended to benefit - ANSWER ✔✔-Appraisers and users of appraisal
services
USPAP states that in a situation when an individual is not required by law, regulation, or agreement to
comply with USPAP: - ANSWER ✔✔-The individual should still comply when he or she is acting as an
appraiser
A valuation service that is premised upon advocacy: - ANSWER ✔✔-It cannot be performed by an
individual acting as an appraiser
Created by Grace Amelia © 2025, All Rights Reserved.
USPAP McKissock Exam Questions and Answers
100% Pass
Currently, the boards within The Appraisal Foundation include: - ANSWER ✔✔-Appraisal Standards
Board, Appraiser Qualifications Board, Board of Trustees
Which Foundation board is responsible for USPAP? - ANSWER ✔✔-Appraisal Standards Board (ASB)
Which entity appoints members of the AQB and ASB? - ANSWER ✔✔-Board of Trustees (BOT)
Qualification criteria for appraiser certification and recertification are disseminated to state appraisal
board by the? - ANSWER ✔✔-Appraiser Qualifications Board
Which entity is responsible for establishing education and experience requirements for licensing and
certification of appraisers? - ANSWER ✔✔-Appraiser Qualifications Board (AQB)
USPAP is written, amended, and interpreted by the: - ANSWER ✔✔-Appraisal Standards Board (ASB)
Advisory Opinions are best described as - ANSWER ✔✔-not part of USPAP, but included as reference
material
Which entity maintains the official National Registry of state-certified and licensed appraisers? -
ANSWER ✔✔-Appraisal Subcommittee (ASC)
USPAP is enforced by: - ANSWER ✔✔-State appraiser licensing/certification agencies
Who is responsible for issuing credentials to individual appraisers - ANSWER ✔✔-State appraisal
regulatory agencies
Created by Grace Amelia © 2025, All Rights Reserved.
, 2|Page
Which is not a responsibility of the Appraisal Subcommittee - ANSWER ✔✔-Writing, interpreting, and
amending USPAP
Which part of USPAP establishes the requirements for workfile content for an appraisal or appraisal
review assignment? - ANSWER ✔✔-RECORD KEEPING RULE
Why are USPAP Advisory Opinions issued? - ANSWER ✔✔-offer advice
Which of these is considered an integral part of USPAP and has the same weight as the components they
address? - ANSWER ✔✔-comments
In USPAP the appraisal process is divided into two distinct types of activity______ and ______? -
ANSWER ✔✔-Development and Reporting
The first step in the appraisal process is ? - ANSWER ✔✔-Identify the problem
Which step in the appraisal process involves communication of the appraiser's opinions and conclusions?
- ANSWER ✔✔-reporting
What is the stated purpose of USPAP - ANSWER ✔✔-Promote and maintain a high level of public trust
in appraisal practice
To which property types does USPAP apply - ANSWER ✔✔-Both tangible and intangible property
The preamble states that USPAP intended to benefit - ANSWER ✔✔-Appraisers and users of appraisal
services
USPAP states that in a situation when an individual is not required by law, regulation, or agreement to
comply with USPAP: - ANSWER ✔✔-The individual should still comply when he or she is acting as an
appraiser
A valuation service that is premised upon advocacy: - ANSWER ✔✔-It cannot be performed by an
individual acting as an appraiser
Created by Grace Amelia © 2025, All Rights Reserved.
