VIP Exclusive
USPAP VIP Mastery Exam
USPAP — The USPAP exam mirrors the content covered in the mandatory 15-Hour National USPAP Course final examination required by the Appraisal Qualifications Board (AQB) of The Appraisal Foundation for real estate appraiser licensure and certification in the United States; the national licensing exam (NULCE) administered by PSI/AMP typically contains 125 scored questions with a 75% passing threshold.
56
Questions
90m
Time Limit
75.00%
To Pass
Question 1 of 56👑 VIP
An appraiser is engaged to appraise a single-family residence. The client instructs the appraiser that the report must reflect a minimum value of $450,000 to support a pending refinance. The appraiser believes the market value is closer to $410,000. Under USPAP's Ethics Rule — Conduct section, the appraiser MUST:
Questions 2–56 and full explanations are VIP-exclusive.