USPAP Practice Exam 2025 – Comprehensive Test Prep

The Scope of Work Rule is not required if an appraisal is not performed because this rule specifically pertains to the appraiser’s identification of the necessary steps and processes necessary to complete an appraisal assignment. When no appraisal is being conducted, the definition and parameters of the Scope of Work do not apply, as they are designed to guide the appraiser in determining the appropriate approach to effectively answer the appraisal problem.

In contrast, the Ethics Rule establishes the fundamental principles of integrity, impartiality, and professionalism that apply to all appraisal activities, regardless of whether a full appraisal is being performed. The Competency Rule requires appraisers to possess the necessary knowledge and experience related to the property type or market, which remains relevant even in consultative roles without conducting actual appraisals. Lastly, the Confidentiality Rule protects the information obtained from clients and others during any professional engagement, reinforcing the importance of privacy in the appraising profession, which is also applicable even in a consulting capacity.