McKissock USPAP Chapter 4 Questions with Complete Solutions (Latest 2025) What does the ethics rule establish? - Correct Answers ✅Establishes fundamental obligations of an appraiser as part of the profession Ethics Rule - Correct Answers ✅An appraiser must promote and preserve the public trust inherent in professional appraisal practice by observing the highest standards of professional ethics.Requirements of the ethics rule - Correct Answers ✅An
Appraiser Must:
-Not misrepresent his or her role when providing valuation services that are outside of appraisal practice -Certify compliance with USPAP -Communicate in a manner that is not misleading Who does the ethics rule apply to? - Correct Answers ✅Individual Appraisers Sections of Ethics Rule - Correct Answers ✅-Conduct -Management -Confidentiality 1 / 2
McKissock USPAP Chapter 4 Questions with Complete Solutions (Latest 2025) Activities Covered by the Ethics Rule - Correct Answers ✅- General Conduct -Development -Communication Conduct Section of Ethics Rule - Correct Answers ✅- Appraiser must perform ethically and competently -Appraiser must perform in accordance with USPAP -Appraiser must not engage in criminal conduct -Appraiser must NOT willfully or knowingly violate the requirements of the record keeping rule Conduct Section of Ethics Rule States - Correct Answers ✅If known prior to accepting an assignment, an/or if discovered at any time during the assignment, an appraiser must disclose to the client, and in each subsequent report certification Number of years required for disclosure - Correct Answers ✅3 years Payment of Fees in Ethics Rule - Correct Answers ✅An appraiser must disclose that he or she paid a fee or commission, or gave a thing of value in connection with the procurement of an assignment
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