Certified Pennsylvania Evaluator Practice Exam

How many sections are there in USPAP?

1. 3 sections

2. 4 sections

3. 5 sections

4. 6 sections

The correct answer is: 5 sections

The Uniform Standards of Professional Appraisal Practice (USPAP) consists of five main sections. These sections include an introduction that outlines the purpose and legal structure of the standards, followed by specific sections that elaborate on the rules and standards that govern the appraisal profession. The five sections are categorized as follows: the Preamble, which gives context and rationale; the Ethics Rule, which defines the ethical responsibilities of appraisers; the Competency Rule, which addresses the requirements of competence in performing appraisals; the Scope of Work Rule, which outlines the framework for determining the appropriate scope of work; and the several additional standards that provide guidance on various types of appraisals and the minimum requirements for their practice. Understanding these five sections is crucial for appraisers as they ensure that professionals are adhering to uniform practices that support the integrity and credibility of the appraisal profession. This structured approach enhances trust among users of appraisal services, including clients, regulatory agencies, and the public.