USPAP Practice Test
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1. The PREAMBLE states the purpose of USPAP is to trust
maintain public ___ in the appraisal practice by estab-
lishing requirements for appraisers.
2. USPAP benefits providers of appraisal services and users of appraisal ser-
vices.
3. Which is NOT considered significant real property ap- collecting employment
praisal assistance? data for use in analysis
4. A valuation service performed by an individual acting inquire about the intend-
as an appraiser requires the appraiser to ed user's expectations.
5. When an individual is performing valuation services not misrepresent his role.
outside of appraisal practice, that individual must be
careful to
6. When choosing to provide a valuation service as an maintain public trust.
appraiser or in some other capacity, great care must
be taken to
7. A real property appraiser teaching appraisal is en- appraisal practice with
gaged in no applicable Standards
(1-10).
8. A lender has telephoned an appraiser to determine appraisal practice with no
the high and low sales prices in the past year that performance standards or
took place in the Green Hills Subdivision. No mention record keeping require-
was made of a subject property by the lender. The ap- ments.
praiser has supplied a list of all of the sales within the
past year in the subdivision and billed the lender for
service. The service being provided by the appraiser is
, USPAP Practice Test
Study online at https://quizlet.com/_2vq46s
9. In accordance with USPAP, which is NOT an expecta- holding a state license or
tion when acting in the role of an appraiser? certification
10. Compliance with USPAP is required when obligated by agreement, law, or regu-
lation.
11. When an appraiser is providing a service other than an RECORD KEEPING RULE
appraisal or appraisal review, which would NOT apply?
12. Zachary's client instructs him to report a specific prop- is a violation of the ETHICS
erty value as a condition of the assignment. The as- RULE.
signment
13. Which of these activities does the Conduct section of criminal conduct
the ETHICS RULE prohibit?
14. Jack appraised a residential dwelling that is located no, omitting the discus-
across the street from a factory that he determined is sion could produce a mis-
negatively affecting the value of the subject property. leading report
Jack applied a location adjustment in his sales com-
parison approach. However, the client asked that the
factory not be discussed in the appraisal report. Since
Jack addressed the condition with an adjustment, has
he complied with USPAP?
15. Anthony received an appraisal assignment for a prop- make proper disclosure
erty that was previously appraised by him. He under- regarding the prior as-
stands that be must handle confidential information signment
appropriately. What else must Anthony do?
16. Marcus was hired to appraise a home that be had pre- yes, as long as he disclos-
viously appraised one year ago. May Marcus accept es the previous service on
the assignment? the property to the client
Study online at https://quizlet.com/_2vq46s
1. The PREAMBLE states the purpose of USPAP is to trust
maintain public ___ in the appraisal practice by estab-
lishing requirements for appraisers.
2. USPAP benefits providers of appraisal services and users of appraisal ser-
vices.
3. Which is NOT considered significant real property ap- collecting employment
praisal assistance? data for use in analysis
4. A valuation service performed by an individual acting inquire about the intend-
as an appraiser requires the appraiser to ed user's expectations.
5. When an individual is performing valuation services not misrepresent his role.
outside of appraisal practice, that individual must be
careful to
6. When choosing to provide a valuation service as an maintain public trust.
appraiser or in some other capacity, great care must
be taken to
7. A real property appraiser teaching appraisal is en- appraisal practice with
gaged in no applicable Standards
(1-10).
8. A lender has telephoned an appraiser to determine appraisal practice with no
the high and low sales prices in the past year that performance standards or
took place in the Green Hills Subdivision. No mention record keeping require-
was made of a subject property by the lender. The ap- ments.
praiser has supplied a list of all of the sales within the
past year in the subdivision and billed the lender for
service. The service being provided by the appraiser is
, USPAP Practice Test
Study online at https://quizlet.com/_2vq46s
9. In accordance with USPAP, which is NOT an expecta- holding a state license or
tion when acting in the role of an appraiser? certification
10. Compliance with USPAP is required when obligated by agreement, law, or regu-
lation.
11. When an appraiser is providing a service other than an RECORD KEEPING RULE
appraisal or appraisal review, which would NOT apply?
12. Zachary's client instructs him to report a specific prop- is a violation of the ETHICS
erty value as a condition of the assignment. The as- RULE.
signment
13. Which of these activities does the Conduct section of criminal conduct
the ETHICS RULE prohibit?
14. Jack appraised a residential dwelling that is located no, omitting the discus-
across the street from a factory that he determined is sion could produce a mis-
negatively affecting the value of the subject property. leading report
Jack applied a location adjustment in his sales com-
parison approach. However, the client asked that the
factory not be discussed in the appraisal report. Since
Jack addressed the condition with an adjustment, has
he complied with USPAP?
15. Anthony received an appraisal assignment for a prop- make proper disclosure
erty that was previously appraised by him. He under- regarding the prior as-
stands that be must handle confidential information signment
appropriately. What else must Anthony do?
16. Marcus was hired to appraise a home that be had pre- yes, as long as he disclos-
viously appraised one year ago. May Marcus accept es the previous service on
the assignment? the property to the client
