USPAP Practice Exam 2025 – Comprehensive Test Prep

Question: 1 / 415

When a state law requires appraisers to keep workfiles for 10 years, this is considered what under USPAP?

An optional guideline

An ethical consideration

A jurisdictional exclusion

When a state law mandates that appraisers maintain workfiles for a specified period, such as 10 years, this is considered a jurisdictional exclusion under USPAP. A jurisdictional exclusion occurs when a specific law or regulation requires appraisers to follow guidelines that differ from or override certain USPAP requirements. In this case, if the state law stipulates a longer retention period than what USPAP may otherwise suggest, appraisers must comply with that state law as it takes precedence in that jurisdiction.

This aligns with USPAP’s principle that appraisers must adhere to applicable laws and regulations, reflecting the importance of harmonizing professional standards with local legal requirements.

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A best practice standard

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