Uniform Standards of Professional Appraisal Practice (USPAP) Practice Exam

In accordance with USPAP, what is NOT an expectation of an appraiser?

1. Maintaining client confidentiality

2. Holding a state license or certification

3. Providing accurate market data

4. Conducting thorough property inspections

The correct answer is: Holding a state license or certification

The expectation of an appraiser includes various responsibilities that ensure the integrity and professionalism of their work. While holding a state license or certification is indeed a requirement for practicing as an appraiser, it is not an expectation in the same sense as the other options presented. Client confidentiality is crucial and is emphasized in USPAP to protect sensitive information, thereby fostering trust between the appraiser and the client. Accurate market data is essential for producing reliable appraisals, as it directly impacts the quality and credibility of the appraisal report. Conducting thorough property inspections is also a fundamental aspect of an appraiser's role since it enables them to assess the property’s condition and characteristics accurately. However, while licensing or certification ensures that the appraiser has met minimum educational and ethical standards, it is more of a prerequisite for practice rather than an expectation that directly relates to the quality of appraisal services delivered. Therefore, the correct answer highlights that while licensing is essential, it's not framed within the same context as the core expectations outlined in USPAP for the appraisal process.