USPAP Compliance Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. What do Standards 7 and 8 cover?

Question 2 2. What do Standards 1 and 2 cover?

Question 3 3. What does Standard 3 cover?

Question 4 4. What does USPAP stand for?

Question 5 5. How many Statements on Appraisal Standards are included in the USPAP?

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Question 6 6. Which of the following is NOT a requirement for an appraisal report under the USPAP?

Question 7 7. The _____ must contain not only the value of a property, but the rationale and reasoning behind it as well.

Question 8 8. USPAP is an acronym for the following:

Question 9 9. If Jim wants an updated appraisal for his records and is not currently borrowing any money on his house, which type of appraisal report would be appropriate?

Question 10 10. A restricted appraisal report may be used when the _____ is the only intended user.

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Question 11 11. Which term refers to the individual records of each appraisal assignment according to USPAP?

Question 12 12. Which of the following is an example of a violation of the Ethics Rule under USPAP?

Question 13 13. Which of the following aspects of USPAP standards are not defined in the Ethics Rule?

Question 14 14. Which of the following is contained within the USPAP preamble?

Question 15 15. Which of the following is true when local law conflicts with USPAP standards?

USPAP Compliance Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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