Practice Test GeeksUSPAP Exam Practice Test
← All USPAP Flashcard Decks

USPAP Competency Rule Flashcards

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

Read the first 6 USPAP Competency Rule flashcards as text

  1. The USPAP Competency Rule requires an appraiser to have competency in which of the following before accepting an assignment?

    Answer: Geographic area, property type, and relevant market conditions

    The Competency Rule requires appraisers to have knowledge and experience with the specific property type, geographic area, and market conditions relevant to the assignment.

  2. Under the USPAP Competency Rule, if an appraiser lacks the necessary competency for an assignment, they must:

    Answer: Disclose the lack of competency to the client before accepting, and take steps to acquire it

    The Competency Rule requires prior disclosure to the client of any lack of competency and describes steps the appraiser will take to become competent.

  3. Which of the following would satisfy the USPAP Competency Rule when an appraiser lacks experience with a specialized property type?

    Answer: Associating with a competent appraiser on the assignment

    One acceptable method to gain competency is to associate with another appraiser who has the requisite expertise for the specific assignment.

  4. The Competency Rule applies to which aspects of an appraisal assignment?

    Answer: All aspects, including property type, market area, and required analytical methods

    The Competency Rule applies to every aspect of the assignment — the property type, the geographic area, and any analytical techniques or methods required.

  5. An appraiser with extensive residential experience is asked to appraise a large industrial warehouse. Under USPAP, the appraiser should:

    Answer: Disclose the competency issue to the client and take steps to acquire the needed expertise

    When lacking competency for a specific assignment, USPAP requires prior disclosure to the client and a plan to acquire the necessary expertise.

  6. Under USPAP, 'competency' primarily refers to:

    Answer: The knowledge, experience, and judgment required for a specific assignment

    USPAP defines competency as having the knowledge, experience, and judgment necessary to complete a specific assignment credibly.

How this page was made: written with AI tools and published by Nathan Beja, founder of Practice Test Geeks, who is responsible for its content. Exam facts are checked against the official sources listed below. Not reviewed by a subject-matter expert. Editorial policy

Sources & references

Exam facts on this page (fees, format, dates, passing scores) are checked against these official sources; the date is our last check. Editorial policy

  1. appraisalfoundation.org — Score validity, exam information · verified Oct 2026
  2. appraisalfoundation.sharefile.com — Test delivery, eligibility, renewal · verified Oct 2026