USPAP Practice Exam 2025 – Complete All-in-One Guide to Mastering Professional Appraisal Standards

The correct answer is that it is required for an appraiser to add a signed and dated certification to the workfile after providing an oral report of a real property appraisal assignment. This certification serves to confirm that the appraiser has adhered to the ethical and professional standards set forth by USPAP during the appraisal process.

After delivering an oral report, the appraiser must document their work in a manner that complies with USPAP requirements. This includes maintaining a workfile that includes relevant documentation of the appraisal process, and the signed and dated certification is a crucial part of that documentation. It typically states that the appraiser has met all relevant USPAP obligations in developing and communicating their appraisal findings.

For context, other options such as issuing a refund within 30 days, preparing a new written report, or submitting the appraisal for peer review are not standard requirements under USPAP following an oral report. Refunds may be related to specific client agreements or satisfaction guarantees but are not mandated by USPAP. Preparing a new written report is unnecessary unless specified by the assignment or client requirement since the oral report may sufficiently fulfill the client's needs as per the original engagement. Submitting the report for peer review is also not a requirement unless stipulated in an internal policy or guideline not compliant with