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USPAP Practice Test Questions and Answers
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USPAP Practice Test Questions and Answers
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USPAP Practice Test Questions andAnswers
The iiPREAMBLE iistates iithe iipurpose iiof iiUSPAP iiis iito iimaintain iipublic ii___ iiin iithe
iiappraisal iipractice iiby iiestablishing iirequirements iifor iiappraisers. ii- iiCorrect iiAnswers ii-
trust
USPAP iibenefits iiproviders iiof iiappraisal iiservices iiand ii- iiCorrect iiAnswers ii-users iiof
iiappraisal iiservices.
Which iiis iiNOT iiconsidered iisignificant iireal iiproperty iiappraisal iiassistance? ii- iiCorrect
iiAnswers ii-collecting iiemployment iidata iifor iiuse iiin iianalysis
A iivaluation iiservice iiperformed iiby iian iiindividual iiacting iias iian iiappraiser iirequires iithe
iiappraiser iito ii- iiCorrect iiAnswers ii-inquire iiabout iithe iiintended iiuser's iiexpectations.
When iian iiindividual iiis iiperforming iivaluation iiservices iioutside iiof iiappraisal iipractice,
iithat iiindividual iimust iibe iicareful iito ii- iiCorrect iiAnswers ii-not iimisrepresent iihis iirole.
When iichoosing iito iiprovide iia iivaluation iiservice iias iian iiappraiser iior iiin iisome iiother
iicapacity, iigreat iicare iimust iibe iitaken iito ii- iiCorrect iiAnswers ii-maintain iipublic iitrust.
A iireal iiproperty iiappraiser iiteaching iiappraisal iiis iiengaged iiin ii- iiCorrect iiAnswers ii-
appraisal iipractice iiwith iino iiapplicable iiStandards ii(1-10).
A iilender iihas iitelephoned iian iiappraiser iito iidetermine iithe iihigh iiand iilow iisales iiprices
iiin iithe iipast iiyear iithat iitook iiplace iiin iithe iiGreen iiHills iiSubdivision. iiNo iimention iiwas
iimade iiof iia iisubject iiproperty iiby iithe iilender. iiThe iiappraiser iihas iisupplied iia iilist iiof iiall
iiof iithe iisales iiwithin iithe iipast iiyear iiin iithe iisubdivision iiand iibilled iithe iilender iifor
iiservice. iiThe iiservice iibeing iiprovided iiby iithe iiappraiser iiis ii- iiCorrect iiAnswers ii-
appraisal iipractice iiwith iino iiperformance iistandards iior iirecord iikeeping iirequirements.
In iiaccordance iiwith iiUSPAP, iiwhich iiis iiNOT iian iiexpectation iiwhen iiacting iiin iithe iirole
iiof iian iiappraiser? ii- iiCorrect iiAnswers ii-holding iia iistate iilicense iior iicertification
Compliance iiwith iiUSPAP iiis iirequired iiwhen iiobligated iiby ii- iiCorrect iiAnswers ii-
agreement, iilaw, iior iiregulation.
, When iian iiappraiser iiis iiproviding iia iiservice iiother iithan iian iiappraisal iior iiappraisal
iireview, iiwhich iiwould iiNOT iiapply? ii- iiCorrect iiAnswers ii-RECORD iiKEEPING iiRULE
Zachary's iiclient iiinstructs iihim iito iireport iia iispecific iiproperty iivalue iias iia iicondition iiof
iithe iiassignment. iiThe iiassignment ii- iiCorrect iiAnswers ii-is iia iiviolation iiof iithe iiETHICS
iiRULE.
Which iiof iithese iiactivities iidoes iithe iiConduct iisection iiof iithe iiETHICS iiRULE iiprohibit?
ii- iiCorrect iiAnswers ii-criminal iiconduct
Jack iiappraised iia iiresidential iidwelling iithat iiis iilocated iiacross iithe iistreet iifrom iia
iifactory iithat iihe iidetermined iiis iinegatively iiaffecting iithe iivalue iiof iithe iisubject iiproperty.
iiJack iiapplied iia iilocation iiadjustment iiin iihis iisales iicomparison iiapproach. iiHowever,
iithe iiclient iiasked iithat iithe iifactory iinot iibe iidiscussed iiin iithe iiappraisal iireport. iiSince
iiJack iiaddressed iithe iicondition iiwith iian iiadjustment, iihas iihe iicomplied iiwith iiUSPAP?
ii- iiCorrect iiAnswers ii-no, iiomitting iithe iidiscussion iicould iiproduce iia iimisleading iireport
Anthony iireceived iian iiappraisal iiassignment iifor iia iiproperty iithat iiwas iipreviously
iiappraised iiby iihim. iiHe iiunderstands iithat iibe iimust iihandle iiconfidential iiinformation
iiappropriately. iiWhat iielse iimust iiAnthony iido? ii- iiCorrect iiAnswers ii-make iiproper
iidisclosure iiregarding iithe iiprior iiassignment
Marcus iiwas iihired iito iiappraise iia iihome iithat iibe iihad iipreviously iiappraised iione iiyear
iiago. iiMay iiMarcus iiaccept iithe iiassignment? ii- iiCorrect iiAnswers ii-yes, iias iilong iias iihe
iidiscloses iithe iiprevious iiservice iion iithe iiproperty iito iithe iiclient iiand iiin iithe iisubsequent
iireport iicertification
A iireal iiproperty iiappraiser iihas iipaid iia iifee iito iiprocure iian iiappraisal iiassignment.
iiAccording iito iithe iiManagement iisection iiof iithe iiETHICS iiRULE, iiwhere iimust iithe iifee
iibe iidisclosed? ii- iiCorrect iiAnswers ii-in iithe iicertification iiand iiany iitransmittal iiletter
Josh iireceived iian iiappraisal iirequest iifrom iia iilender-client iiwho iitold iihim, iito
iiimmediately iicall iiif iithe iivalue iion iithe iiproperty iiis iiless iithan iithe iiamount iistipulated iiby
iithe iilender, iias iihe iidoesn't iiintend iito iipay iifor iian iiappraisal iithat iiwon't iibenefit iihis
iiposition. iiWill iiacceptance iiof iithis iiassignment iibe iiin iicompliance iiwith iiUSPAP? ii-
iiCorrect iiAnswers ii-no, iian iiappraiser iimay iinot iiaccept iian iiassignment iiwith
iiunacceptable iiassignment iiconditions
Which iiof iithe iifollowing iiwould iiNOT iibe iiconsidered iian iiunacceptable iifee
iiarrangement? ii- iiCorrect iiAnswers ii-fee iibased iion iithe iivolume iiof iitotal iibusiness iifrom
iia iiparticular iiclient
According iito iithe iiManagement iisection iiof iithe iiETHICS iiRULE, iian iiappraiser iiaffixes
iihis iior iiher iisignature iiin iian iiassignment iifor iiwhat iipurpose ii? ii- iiCorrect iiAnswers ii-
certify iirecognition iiand iiacceptance iiof iiUSPAP iiresponsibilities
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