100+ Free AI-RRS Practice Questions

Pass your AI-RRS Residential Review Specialist (Appraisal Institute) exam on the first try — instant access, no signup required.

✓ No registration✓ No credit card✓ No hidden fees✓ Start practicing immediately

100+ Questions

100% Free

1 / 100

Question 1

Score: 0/0

Under USPAP Standard 3, what is the appraisal review function?

Re-appraising the subject property to confirm market value

Developing and communicating an opinion about the quality of another appraiser's work

Investigating an appraiser for state board disciplinary action

Auditing an appraisal management company's vendor panel

to track

Same family resources

More Real Estate Appraiser Exams Prep

Continue through related practice pages, study guides, comparisons, and articles from the same exam family.

Practice Pages

USPAP Uniform Standards of Professional Appraisal Practice Practice200 questions Real Estate Appraiser Practice196 questions AI-GRS General Review Specialist Practice100 questions Certified General Appraiser Practice100 questions Certified Residential Appraiser Practice100 questions Licensed Residential Appraiser Practice100 questions

FREE USPAP Exam Guide 2026: Pass the 15-Hour National Course15 min read

2026 Statistics

Key Facts: AI-RRS Exam

100

Practice Questions

OpenExamPrep AI-RRS bank

Required AI Exams

Theory + Case Studies + Comprehensive

70%

Passing Score

AI Comprehensive Exam

$500K

Residential De Minimis

FIRREA Title XI federal threshold

1-5

Fannie Mae CU Risk Score

Collateral Underwriter range

Standard 3 + 4

USPAP Review Standards

Development + Reporting (2024-25 USPAP)

AI-RRS designees are Certified Residential appraisers who pass three Appraisal Institute review exams (Review Theory, Case Studies, and Residential Review Comprehensive) covering USPAP Standard 3, residential URAR/1004/1025/1073/2055 reviews, GSE Collateral Underwriter, FHA HUD Handbook 4000.1, FIRREA Title XI, and the AI Code of Ethics. Each comprehensive exam runs about 3 hours with a 70% pass threshold.

Sample AI-RRS Practice Questions

Try these sample questions to test your AI-RRS exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Under USPAP Standard 3, what is the appraisal review function?

A.Re-appraising the subject property to confirm market value

B.Developing and communicating an opinion about the quality of another appraiser's work

C.Investigating an appraiser for state board disciplinary action

D.Auditing an appraisal management company's vendor panel

Explanation: USPAP Standard 3 defines appraisal review as the act or process of developing and communicating an opinion about the quality of another appraiser's work that was performed as part of an appraisal or appraisal review assignment. The reviewer's primary product is the opinion about quality (completeness, adequacy, relevance, appropriateness, and reasonableness), not a new value opinion.

2A reviewer is assigned to review a residential URAR appraisal. The reviewer must form an opinion about all of the following EXCEPT:

A.Completeness of the work under review given the scope of work

B.Adequacy and relevance of the data and analyses

C.Appropriateness of the methods and techniques used

D.Whether the original appraiser used the correct accounting software

Explanation: USPAP Standard 3-1 requires the reviewer to develop an opinion about the quality of another appraiser's work, focusing on completeness, adequacy, relevance, appropriateness, and reasonableness of the analyses, opinions, and conclusions. Software choice is not within the scope of a Standard 3 review.

3A residential reviewer disagrees with the original appraiser's opinion of value but has identified no factual errors or methodology problems. Under USPAP Standard 3, the reviewer:

A.Must report the original appraisal as unacceptable

B.May agree or disagree with the original opinion as long as the reasoning is supported

C.Must develop a new value opinion to replace the original

D.Must refer the original appraiser to the state board

Explanation: USPAP allows the reviewer to agree or disagree with the conclusions in the work under review, provided the reviewer's own reasoning is supported and clearly disclosed. Disagreement alone does not make the original work non-credible — the reviewer must identify specific deficiencies.

4A residential reviewer also wants to develop their own opinion of value as part of the review report. Under USPAP, this additional value opinion must be developed under:

A.Standard 3 only, as part of the review

B.Standards 1 and 2, as a separate appraisal component clearly identified in the report

C.Standard 4, as a restricted advisory opinion

D.Standard 6, as a mass appraisal

Explanation: When a reviewer also develops their own opinion of value (or other appraisal opinions), USPAP requires that work to comply with Standards 1 and 2 (real property) in addition to Standard 3. The reviewer's appraisal must be separately identified and supported within the review report so the reader can distinguish review opinions from appraisal opinions.

5Per USPAP Standard 3, the reviewer's scope of work must be:

A.Identical to the scope of work in the original assignment

B.Sufficient to produce credible review results given the intended use and intended users

C.Always include a field inspection of the subject property

D.Always include a desk review of comparables only

Explanation: The Scope of Work Rule applies to all assignments including reviews. The reviewer must identify the problem, determine an acceptable scope of work, and disclose what was and was not performed so the review results are credible for the intended use and intended users.

6A residential reviewer is asked to review a URAR appraisal of a single-family home in a coastal flood zone. The reviewer has never performed work in coastal flood-zone markets. Under the Competency Rule, the reviewer must:

A.Decline the assignment immediately because Standard 3 reviewers cannot acquire competency mid-assignment

B.Disclose the lack of knowledge, take steps to acquire competency, and disclose those steps in the review report

C.Complete the assignment without disclosure since reviewing does not require subject-matter competency

D.Refer the assignment to the original appraiser for self-review

Explanation: The Competency Rule applies to reviewers. If the reviewer lacks competency for the property type or geographic area, they must disclose the lack of knowledge to the client, take all steps necessary to acquire competency (research, association with a competent appraiser, education), and disclose the lack of knowledge and the steps taken in the report.

7Under the 2024-25 USPAP, the report standard that governs the reviewer's communication of the assignment results is:

A.Standard 2

B.Standard 4

C.Standard 5

D.Standard 8

Explanation: In the 2024-25 USPAP, Standard 3 governs development of the appraisal review and Standard 4 governs reporting of the appraisal review. Standard 2 reports real property appraisals, Standard 5 reports mass appraisals, and Standard 8 reports personal property appraisals.

8Under USPAP Standard 4, the two report option labels available to the reviewer are:

A.Self-Contained Review Report and Summary Review Report

B.Appraisal Review Report and Restricted Appraisal Review Report

C.Form Review Report and Narrative Review Report

D.Desk Review Report and Field Review Report

Explanation: Standard 4 permits two report options for an appraisal review: an Appraisal Review Report (for any intended user) and a Restricted Appraisal Review Report (for client-only use, with prominent restricted-use notice). Self-contained and summary labels were retired in earlier USPAP editions, and form/narrative or desk/field are descriptive terms, not USPAP report-option labels.

9A Restricted Appraisal Review Report under USPAP Standard 4 may be used:

A.Only when the intended user is the client and no other intended users exist

B.Whenever the reviewer wants to limit liability

C.Whenever the assignment is performed for a federally related transaction

D.Only for reviews of restricted-format original reports

Explanation: A Restricted Appraisal Review Report may only be used when the client is the sole intended user. The report must contain a prominent use restriction limiting reliance to the client and stating that the reviewer's opinions and conclusions may not be understood properly without additional information in the workfile.

10Which of the following statements about reviewer independence is TRUE under USPAP and Dodd-Frank?

A.A reviewer may accept a fee that is contingent on the reviewer concurring with the original appraiser's value

B.A reviewer must be independent of the transaction and may not have a fee tied to the conclusion of the review

C.A reviewer may serve as both the appraiser and reviewer on the same property if disclosed

D.Independence is required only for commercial reviews, not residential reviews

Explanation: USPAP's Ethics Rule and Dodd-Frank Section 1472 (codified in TILA Section 129E) require appraiser and reviewer independence. Compensation cannot be tied to a specific value conclusion, an outcome favorable to the client, or concurrence with the original appraiser. The reviewer must be free of advocacy and bias.

About the AI-RRS Exam

The AI-RRS Residential Review Specialist designation from the Appraisal Institute is awarded to residential appraisers who specialize in USPAP Standard 3 and Standard 4 appraisal review of 1-4 unit residential properties. Candidates must hold the Certified Residential credential, complete a bachelor's degree (or equivalent), finish AI's Fair Housing course, and pass three exams: Review Theory Residential, Review Case Studies Residential, and the Residential Review Comprehensive Exam.

Questions

100 scored questions

Time Limit

3 hours

Passing Score

70%

Exam Fee

$425-575 per exam + AI candidacy fees (Appraisal Institute)

AI-RRS Exam Content Outline

25%

USPAP Standard 3 (Residential Review)

Standards 3 and 4 development and reporting, Appraisal Review Report vs Restricted Appraisal Review Report, scope of work, agree/disagree opinions, separately developed value under Standards 1-2, certifications, competency, and recordkeeping for residential reviewers

20%

Review Theory

Definition of appraisal review, scope of work, completeness/adequacy/relevance/appropriateness/reasonableness, materiality, technical vs compliance reviews, reconciliation, exposure time, hypothetical conditions and extraordinary assumptions

15%

Review Workflow

Residential URAR forms (1004, 1025, 1073, 1004C, 1004D, 2055, 1004 Desktop), UAD condition (C1-C6) and quality (Q1-Q6) ratings, desk vs field reviews, neighborhood and flood-zone analysis, scope management, and pre-funding QC reviews

15%

Review of Sales Comparison Approach (Residential)

Comparable selection, market-conditions/time adjustments, paired-sales analysis, site adjustments, GLA and bedroom contributions, condition/quality adjustments, common residential deficiencies, data verification, and red-flag detection

10%

Reviewer Ethics

Reviewer independence, contingent-fee prohibition, advocacy and bias avoidance, confidentiality, scope pressure handling, fair-housing language, AI Code of Professional Ethics, AI Standards of Professional Practice (SPP), and disciplinary peer review

10%

Review of Cost and Income Approaches (Residential / Small Income)

Site value support (sales comparison, allocation, extraction), cost methodology and depreciation (physical, functional, external), 1025 small-residential-income reviews, market rent analysis, GRM derivation, and approach omission/relevance

Regulatory Context

FIRREA Title XI and the Appraisal Subcommittee, the AQB and qualifying education changes for 2026, federal residential de minimis ($500K for 1-4 unit residential), Fannie Mae Collateral Underwriter (CU 1-5 score), Freddie Mac Loan Collateral Advisor (LCA), FHA HUD Handbook 4000.1 Section II.D, VA LAPP Staff Appraisal Reviewer, and TILA Section 129E (Dodd-Frank Section 1472) appraiser independence

How to Pass the AI-RRS Exam

What You Need to Know

Passing score: 70%
Exam length: 100 questions
Time limit: 3 hours
Exam fee: $425-575 per exam + AI candidacy fees

Keys to Passing

Complete 500+ practice questions
Score 80%+ consistently before scheduling
Focus on highest-weighted sections
Use our AI tutor for tough concepts

AI-RRS Study Tips from Top Performers

1USPAP Standard 3 (development) and Standard 4 (reporting) drive ~25% of the comprehensive exam — memorize the Appraisal Review Report vs Restricted Appraisal Review Report distinction, the certification elements, and when a reviewer triggers Standards 1-2 obligations

2Drill the residential form set: 1004 (1-unit), 1025 (2-4 unit), 1073 (condo), 1004C (manufactured), 1004D (update/completion), 2055 (exterior-only), 1004 Desktop — including which form fits which scope

3Master UAD condition ratings (C1-C6) and quality ratings (Q1-Q6); reviewers must spot unaddressed differences between subject and comparables, which is one of the most common deficiencies

4Study GSE collateral risk tools — Fannie Mae Collateral Underwriter (1-5 score) and Freddie Mac Loan Collateral Advisor — and FHA HUD Handbook 4000.1, plus VA LAPP and the Staff Appraisal Reviewer (SAR) role

5Review reviewer independence: contingent-fee prohibition, AI Code of Ethics, TILA Section 129E (Dodd-Frank Section 1472), and the AI Standards of Professional Practice (SPP) — these come up across all three AI-RRS exams

Frequently Asked Questions

What are the prerequisites for the AI-RRS designation?

Candidates must hold a state Certified Residential Appraiser credential in good standing, complete a bachelor's degree (or higher) from an accredited institution, and complete the Appraisal Institute's Fair Housing/Valuation Bias coursework. Candidates must then complete the required Appraisal Institute review education and pass three review exams: Review Theory Residential, Review Case Studies Residential, and the Residential Review Comprehensive Exam.

How many AI-RRS exams must I pass and how are they structured?

There are three exams: Review Theory Residential, Review Case Studies Residential, and the Residential Review Comprehensive Exam. Each is administered by the Appraisal Institute. The Comprehensive Exam typically runs about 3 hours with a 70% pass threshold and tests integrated USPAP Standard 3, residential URAR review, and AI Code of Ethics knowledge.

What is the difference between AI-RRS and AI-GRS?

AI-RRS is the Residential Review Specialist designation, focused on 1-4 unit residential review work using URAR forms (1004, 1025, 1073, 2055, 1004C, 1004D). AI-GRS is the General Review Specialist designation, focused on commercial and complex non-residential property reviews. Reviewers may pursue both, but each requires its own credential prerequisites, education, and exams.

How much does AI-RRS cost?

Each AI review exam typically costs $425-575, and Appraisal Institute candidacy and annual designation fees apply on top. Required Appraisal Institute education courses (Review Theory and Case Studies) are billed separately. Plan for a multi-thousand-dollar investment over the candidacy period in addition to your underlying Certified Residential credential and bachelor's degree.

Does AI-RRS replace USPAP for review work?

No. USPAP Standard 3 (development) and Standard 4 (reporting) govern all appraisal review work in the United States. AI-RRS designees are bound by USPAP plus the Appraisal Institute's Code of Professional Ethics and Standards of Professional Practice (SPP), which generally incorporate USPAP and add additional obligations. State licensure (Certified Residential) is separate and required.

What residential appraisal forms are covered on the AI-RRS exam?

The AI-RRS exam tests review of standard residential forms: Form 1004 URAR (1-unit single-family), Form 1025 (2-4 unit small income), Form 1073 (individual condo), Form 1004C (manufactured home), Form 1004D (appraisal update or completion), Form 2055 (exterior-only), and Form 1004 Desktop. Reviewers must understand UAD condition (C1-C6) and quality (Q1-Q6) ratings.