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USPAP Quiz and Practice Test Questions and Answers
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USPAP Quiz and Practice Test Questions and Answers
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USPAP Quiz and Practice Test Questionsand Answers
___________________ iiis iia iivaluation iiservice iiperformed iiby iian iiindividual iiacting iiin
iithe iirole iiof iian iiappraiser. ii- iiAnswers ii-Appraisal iiPractice
When iiperforming iivaluation iiservices iioutside iiof iiappraisal iipractice, iiappraisers iimust
iibe iicareful iinot iito ii__________________ iithe iiclient iiand iiother iiintended iiusers iiabout
iitheir iirole. ii- iiAnswers ii-Mislead
For iiassignments iiother iithan iiappraisal iior iiappraisal iireview, iithere iiare iino
ii____________________ iior ii____________________ iirequirements iiin iiUSPAP. ii-
iiAnswers ii-Record iiKeeping iior iiScope iiof iiWork
What iiappraisal iiservices iiare iicovered iiby iiUSPAP? ii- iiAnswers ii-Appraisal.
Appraisal iiReview.
Other iiservices iiwhen iichoosing iito iirepresent iioneself iias iian iiappraiser.
Appraisal iipractice iiis iia ii______________________ iiof iithe iibroader iiconcept iiof
iivaluation iiservices. ii- iiAnswers ii-Sub-set
True iior iiFalse: iiIf iian iiindividual iiwho iiis iiboth iia iibroker iiand iian iiappraiser iiprovides iia
iivalue iiopinion iifor iia iispecific iiproperty iito iibe iiused iiin iia iilisting iiagreement, iithe
iiservice iiis iiALWAYS iioutside iiof iiappraisal iipractice. ii- iiAnswers ii-FALSE
True iior iiFalse: iiAn iiindividual iimust iicomply iiwith iiUSPAP iiwhen iirequired iiby iilaw,
iiregulation, iior iiagreement ii(with iithe iiclient iior iiother iiintended iiusers). ii- iiAnswers ii-
TRUE
True iior iiFalse: iiAppraisal iipractice iipertains iionly iito iimarket iivalue iiappraisals. ii-
iiAnswers ii-FALSE
True iior iiFalse: iiAn iiappraiser iihas iia iiprofessional iiresponsibility iito iiidentify iithe
iicapacity iiin iiwhich iihe iior iishe iiis iiperforming. ii- iiAnswers ii-TRUE
True iior iiFalse: iiThe iipurpose iiof iiUSPAP iiis iito iipromote iiand iimaintain iia iihigh iilevel iiof
iipublic iitrust iiin iiprofessional iiappraisal iipractice. ii- iiAnswers ii-TRUE
, True iior iiFalse: iiIt iiis iiunethical iito iiagree iito iiperform iian iiassignment iiwith iithe
iiunderstanding iithat iipayment iiwill iibe iimade iiif iiand iiwhen iithe iiloan iicloses. ii- iiAnswers
ii-TRUE
True iior iiFalse: iiUnder iiUSPAP, iiconfidential iiinformation iiis iiinformation iithe iiappraiser
iireceives iifrom iithe iiclient, iiis iinot iiavailable iifrom iiany iiother iisource, iiand iiis iiidentified
iiby iithe iiclient iias iiconfidential. ii- iiAnswers ii-TRUE
True iior iiFalse: iiAn iiappraiser iimay iionly iidisclose iiconfidential iiinformation iito iithe iiclient
iiand iito iiparties iispecifically iiauthorized iiby iithe iiclient. ii- iiAnswers ii-TRUE
True iior iiFalse: iiThe iiCOMPETENCY iiRULE iirequires iithe iiappraiser iito iidisclose iilack
iiof iiknowledge iior iiexperience iiprior iito iiagreeing iito iiperform iian iiassignment. ii-
iiAnswers ii-TRUE
True iior iiFalse: iiThe iiRECORD iiKEEPING iiRULE iistates iithat iia iiwork iifile iimust iibe
iiretained iifor iifive iiyears; iiif iitestimony iiis iigiven iiby iithe iiappraiser, iithe iiwork iifile iimust
iibe iiretained iifor iiseven iiyears. ii- iiAnswers ii-FALSE
True iior iiFalse: iiAn iiappraiser iiis iinot iipermitted iito iiuse iior iicommunicate iia iireport iior
iiassignment iiresults iithat iiare iimisleading iior iifraudulent. ii- iiAnswers ii-TRUE
True iior iiFalse: iiAn iiappraiser iimay iiagree iito iiperform iiassignments iiwith iipredetermined
iiopinions iiand iiconclusions iias iilong iias iithe iipurchase iicontract iisupports iithe iiopinion
iior iiconclusion. ii- iiAnswers ii-FALSE
True iior iiFalse: iiBias iiis iiallowed iiin iian iiappraisal iias iilong iias iiit iiis iidisclosed iiin iithe
iireport. ii- iiAnswers ii-FALSE
True iior iiFalse: iiPayment iiof iia iifee iito iiprocure iiappraisal iiassignments iiis iipermitted iiif
iidisclosed iiin iithe iicertification iiand iiin iiany iitransmittal iiletter. ii- iiAnswers ii-TRUE
True iior iiFalse: iiAn iiappraiser iimust iiobtain iithe iinecessary iicompetency iiprior iito
iiagreeing iito iiperform iithe iiassignment. ii- iiAnswers ii-FALSE
In iian iiassignment, iithe iiscope iiof iiwork iiis iian ii___________ iiprocess. ii- iiAnswers ii-
Ongoing
In iiorder iito iidetermine iithe iiappropriate iiscope iiof iiwork, iithe iiappraiser iimust
ii____________ iithe iiproblem iito iibe iisolved. ii- iiAnswers ii-Identify
An iiappraiser iimust iinot iiallow iiclient iiobjectives iito ii_____________ iithe iiassignment
iiresults. ii- iiAnswers ii-Bias
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