Practice Test Geeks(FHA) Federal Housing Administration Appraiser Certification Practice Test
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Legal & Ethical Standards in Appraisal Flashcards

7 cards from real FHA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Legal & Ethical Standards in Appraisal flashcards as text

  1. The Scope of Work Rule in USPAP requires appraisers to determine the scope that is necessary to produce:

    Answer: Credible assignment results given the intended use

    The scope of work must be sufficient to produce credible results for the stated intended use, not merely satisfy client preference.

  2. Which federal law prohibits discriminatory appraisal practices by making it illegal to assign a value to a property based on race or national origin of residents?

    Answer: Fair Housing Act (FHA)

    The Fair Housing Act explicitly prohibits appraisal discrimination based on race, color, national origin, religion, sex, familial status, or disability.

  3. An appraiser is asked to perform a 'desktop appraisal' for an FHA loan. Under current HUD guidance, this is:

    Answer: Permitted only for refinances in certain low-risk scenarios per HUD waivers

    HUD has allowed limited desktop or exterior-only appraisals in specific low-risk refinance programs, but interior inspections remain the default for purchase transactions.

  4. A borrower contacts an FHA appraiser directly after the appraisal is complete to dispute the value. The appraiser's best course of action is to:

    Answer: Direct the borrower to the lender's formal reconsideration of value process

    Appraiser independence requires value disputes to go through the lender's formal ROV process, not direct borrower pressure on the appraiser.

  5. When does USPAP require a signed certification in an appraisal report?

    Answer: In every written appraisal report, without exception

    USPAP's Certification requirement applies to every written appraisal report regardless of transaction type or value.

  6. An appraiser holds a state Certified Residential credential but is asked to appraise a 12-unit apartment building for FHA. The appraiser should:

    Answer: Decline because residential certification limits the appraiser to 1-4 unit residential properties

    Certified Residential appraisers are limited to 1-4 unit residential properties; income-producing properties of 5+ units require Certified General credentials.

  7. Under USPAP's Management section of the Ethics Rule, which practice is explicitly prohibited?

    Answer: Paying a referral fee to obtain an appraisal assignment from a non-appraisal entity

    USPAP prohibits paying referral or solicitation fees to non-appraisers in exchange for appraisal assignments.