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7 hour National USPAP Exam Questions and Answers
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7 hour National USPAP Exam Questions and Answers
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7 hour National USPAP Exam Questionsand Answers
The iiASB iihas iiissued iian iiexposure iidraft iiof iiproposed iichanges iito iithe iiUSPAP.
iiWhat iimust iioccure iibefore iithese iiproposed iichanges iimay iibe iimade iito iiUSPAP?
The iiproposed iichanges iimust iibe iidiscussed iiand iiadopted iiat iia iipublic iimeeting
USPAP iiAdvisory iiopinions iiare iiconsidered iiby iithe iiASB iito iibe:
Other iicommunications iiand iinot iipart iiof iithe iiUSPAP
The iinew iiedition iiof iithe iiUSPAP iihas iibeen iireleased. iiWhich iistatement iiis iitrue
iireguarding iithe iieffective iidate iiof iithis iinew iiedition iiif iiUSPAP
The iiASB iidetermines iiwhent iihe iiedition iiof iiUSPAP iiwill iibe iieffective.
_________ iiChange iiis iione iiof iithe iireasons iithe iiASB iiadded iithe
iiNondiscrimination iisection iito iithe iiethics iirule
Social
You iisend iithe iiASB iia iiletter iiwith iia iicomment iireguarding iia iiproposed iichange iito
iithe iiUSPAP. iiWho iiwill iiread iiit?
All iimembers iiof iithe iiASB
The iiending iieffective iidate iifor iithe ii2024 iiedition iiof iithe iiUSPAP iiis:
To iibe iidetermined
With iireguard iito iiprohibitions iion iibias iiand iidescrimination iithe iirevisions iito iithe
iicurrent iiedition iiof iiUSPAP iiwere iimade iiin iiorder iito:
,Make iiexisting iiprohibitions iiclearer iiand iimor iidirest
Which iistatement iireguarding iibias iiand iiUSPAP iiis iitrue?
USPAP iihas iialways iiprohibited iiappraisers iifrom iiperforming iiassignment iiwith
iibias.
Is iithere iia iidifference iibetween iia iidiscussion iidraft iiand iian iiexposure iidraft, iiand iiif
iiso iiwhat iiis iithe iidifference?
An iiexposure iidraft iiis iia iiformal iiproposal iito iirevise iiUSPA, iiwhile iia iidiscussion
iidraft iimerely iisolicites iifeedback iifrom iiindustry iiparticipants.
A iisteakholder iiis iithe iiappraisal iiproffesion iiwants iito iiparticipate iiin iithe iiUSPAP
iirevision iiproscess iibut iidoes iinot iihave iithe iitime iito iitravel iito iiASB iimeetings iiin
iiperson. iiWhat iiis iithe iiindividuals iibest iioption?
Register iifor iiASB iimeetings iiand iilive iistream iithem ii0n iitheir iicomputer.
Which iiterm iiis iidefined iiin iifederal iiregultions iias ii"a iiresidential iistructure iithat
iicontains ii1 iito ii4 iiliving iiunits iiweather iior iinot iithat iistructure iiis iiattached iito iithe
iireal iiproperty?
Dwelling
Which iiof iithe iifollowing iiis iiNOT iia iifederal iiantidescrimination iilaw iithat iiis
iispecifically iirefrenced iiin iithe iinondescrimination iisection iiof iithe iiEthics iiRule?
Dodd-Frank iiact
USPAP iirequires iian iiappraiser iito iibe iiknowledgeable iiof, iiand iicomply iiwith, iiwhich
iiantidiscrimination iilaws?
Federal, iiState iiand iiLocal
An iiappraiser iiintentionally iiselects iicomparable iisales iithat iithey iibelieve iiare
iiowned iiby iipeople iiof iithe iisame iirace iias iithe iisubject iiproperty iiowner. iiIs iithis
iipermissible iiunder iithe iiNondiscrimination iisection iiof iithe iiETHICS iiRULE?
,No, iithis iiwould iibe iia iiviolation iiof iithe iiETHICS iiRULE.
In iia iireal iiestate iilending iisituation, iian iiindividual iiemployees iiwhat iithey iibelieve
iiare iinuetral iipolicies iior iipractices, iihowever, iithese iipolicies iiare iilater iifound iito
iidisporportionately iiharm iimembers iiof iia iiprotected iigroup. iiThis iiindividual iimay
iibe iiguilty iiof iia iifair iihousing iiviolation iiunder iithe iiconcept iiof iidisparate:
Impact
An iiapperaiser iidoes iinot iiwant iito iiprovide iisubjective iistatements iiin iithier
iiappraisel iireports, iiSo iithey iiresearch iithe iiU.S. iiCensus iiBureau iifor iidemographic
iiinformation. iiThey iithen iiinclude iiin iieach iiappraisal iireport, iia iipage iiwith iiprintout
iiinformation iifrom iithe iiCensus iiBureau, iiwhich iiincludes iithe iiracial iiand iiethnic
iimakeup iiof iithe iimarket iiarea. iiSince iithe iiinformation iicame iifrom iithe iiCensus
iiBureau, iiwhich iiis iipart iiof iithe iiFedral iiGovernment, iimay iithe iiappraiser iiuse iior
iirely iion iithis iidata iiin iivaluing iithe iisubject iiproperty iifor iia iiFederally iiregulated
iilending iitransaction.
NO, iiin iimost iiinstances, iian iiappraiser iiis iiprohibited iiin iiusing iior iirelying iion iithis
iiinformation iiabout iiprotected iicharacteristics
An iiappraiser iidoes iinot iiwant iito iiever iibe iiaccused iiof iiproviding iia iidiscriminatory
iiappraisal iireport. iiThey iibelieve iithat iiis iithey iidecide iithey iiwill iinolonger iipreform
iiappraisals iifor iiany iiclients iiwho iilive iiin iia iizip iicode iiarea iiin iiwhich iithere iiis iia
iihigh iinumber iiof iiminority iiresidents, iithey iican iireduce iithat iirisk. iiIs iithis iilikely iito
iibe iia iiviolation iiof iithe iicivil iirights iiact iiof ii1866 iiand iitherefore, iiUSPAP?
YES
An iiappraiser iiis iioffered iithe iiopportunity iito iiperform iian iiappraisal iiassignment
iion iia iiresidence iiin iia iimarket iiarea iiwith iiwhich iithe iiappraiser iiis iigeographically
iicompetent. iiHowever, iithe iiappraiser iidiscovers iithe iiclient iiis iia iimember iiof iia
iiracial iiminority iigroup iiand iideclines iito iiperform iithe iiappraisal. iiDoes iiUSPAP
iipermit iithe iiappraiser iito iirefuse iito iienter iiinto iian iiagreement iito iiperform iian
iiassignment iibased iion iithe iiclient's iirace?
, No, iithe iipractice iiof iirefusing iito iienter iiinto iian iiappraisal iiassignment iibecause iiof
iithe iiclient's iirace iiviolates iiUSPAP
A iistate iipasses iia iilaw iithat iiprohibits iihousing iidiscrimination iibased iion iia
iiperson's iipolitical iiaffiliation. iiIs iithis iian iiexample iiof iia ii"state iiand iilocal
iiantidiscrimination" iilaw?
Yes, iibecause iistate iilaws iimay iiestablish iiadditional iiprotected iiclasses
ECOA iiprohibits iidiscrimination iiin iia iicredit iitransaction, iibased iion:
Marital iistatus
Source iiof iiIncome
All iiof iithese
Religion
Which iistatement iiregarding iibias iiand iiUSPAP iiis iiTRUE?
USPAP iihas iialways iiprohibited iiappraisers iifrom iiperforming iian iiassignment iiwith
iibias.
With iiregard iito iiprohibitions iion iibias iiand iidiscrimination, iithe iirevisions iito iithe
iicurrent iiedition iiof iiUSPAP iiwere iimade iiin iiorder iito:
Make iiexisting iiprohibitions iiclearer iiand iimore iidirect
_______ iichange iiis iione iiof iithe iireasons iiwhy iithe iiASB iiadded iithe
iiNondiscrimination iisection iito iithe iiETHICS iiRULE.
Social
Which iiterm iiis iidefined iiin iifederal iiregulations iias ii"a iiresidential iistructure iithat
iicontains iione iito iifour iiliving iiunits iiwhether iior iinot iithat iistructure iiis iiattached iito
iireal iiproperty"?
Dwelling
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