MCKISSOCK BASIC APPRAISAL LATEST 2026 TEST
PAPER QUESTIONS AND SOLUTIONS SCORED A+
✔✔Appraisal Qualifications Board - ✔✔The ________ is responsible for establishing
criteria for individuals to become real property appraisers.
✔✔access right of way - ✔✔Which of the following would NOT be considered a
negative easement?
✔✔imperfect - ✔✔The real property market is generally classified as a(n) __________
market.
✔✔ASC - ✔✔The ______ maintains a National Registry of appraisers.
✔✔building codes, zoning, environmental regulations - ✔✔Police power would include
which of the following
✔✔sound waves - ✔✔Sonic measuring devices employ _____________ to take
measurements.
✔✔public trust - ✔✔The primary purpose of USPAP is to protect
✔✔regression - ✔✔In appraisal, the concept that a higher-priced property will be worth
less in a lower-priced neighborhood than it would in a neighborhood of comparable
properties" is the definition of the principle of
✔✔through a National Registry fee charged to each appraiser - ✔✔How is the Appraisal
Subcommittee funded?
✔✔inverse - ✔✔Supply and demand move in a(n) ____________ relationship.
✔✔price - ✔✔USPAP defines _________ as the amount asked, offered, or paid for a
property.
✔✔ASB - ✔✔The ______ publishes "other communications" in the form of Advisory
Opinions and USPAP FAQs.
✔✔contribution - ✔✔When estimating the value of a fireplace in a single-family home,
the most important principle is the principle of
✔✔estate - ✔✔A right or interest in property" is a(n)
✔✔qualifying education, examination, experience, continuing education - ✔✔The four
components of the Appraiser Qualification Criteria are:
, ✔✔requires certain documents to be in writing - ✔✔What is the purpose of a state's
statute of frauds?
✔✔metes and bounds - ✔✔The oldest system of legal descriptions for real estate is:
✔✔subsurface - ✔✔The right to construct and maintain tunnels, subways, subcellars,
pipelines, sewers, etc." is the definition of _________ rights.
✔✔150 - ✔✔The current number of appraisal education hours required for Licensed
Residential Appraiser applicants is ______ hours.
✔✔300 - ✔✔The current number of appraisal education hours required for Certified
General Appraiser applicants is ______ hours.
✔✔borrowing, saving - ✔✔Low interest rates encourage __________, while high
interest rates encourage _________.
✔✔escheat - ✔✔Which of these would be considered a public restriction on real
property ownership?
✔✔the appraiser's value opinion - ✔✔Which of these factors would result in a violation
of USPAP if the appraiser based his or her appraisal fee on it?
✔✔75 - ✔✔Under the current education criteria, an applicant for Appraiser Trainee must
have completed ___ creditable class hours as specified in the required Core Curriculum
Appendix.
✔✔utility, effective purchasing power - ✔✔The four elements of value are desire,
_________, scarcity, and ________.
✔✔sales comparison - ✔✔Which valuation approach relies most heavily on the principle
of substitution?
✔✔directly, proportionately - ✔✔The principle of supply and demand states that the
price of a commodity, good, or service varies __________, but not necessarily
_____________, with demand.
✔✔66 - ✔✔In property measurement, a chain contains 100 links, which measures
_______ feet.
✔✔16.5 ft - ✔✔In property measurement, 1 rod or 25 links, which measures _______
feet.
PAPER QUESTIONS AND SOLUTIONS SCORED A+
✔✔Appraisal Qualifications Board - ✔✔The ________ is responsible for establishing
criteria for individuals to become real property appraisers.
✔✔access right of way - ✔✔Which of the following would NOT be considered a
negative easement?
✔✔imperfect - ✔✔The real property market is generally classified as a(n) __________
market.
✔✔ASC - ✔✔The ______ maintains a National Registry of appraisers.
✔✔building codes, zoning, environmental regulations - ✔✔Police power would include
which of the following
✔✔sound waves - ✔✔Sonic measuring devices employ _____________ to take
measurements.
✔✔public trust - ✔✔The primary purpose of USPAP is to protect
✔✔regression - ✔✔In appraisal, the concept that a higher-priced property will be worth
less in a lower-priced neighborhood than it would in a neighborhood of comparable
properties" is the definition of the principle of
✔✔through a National Registry fee charged to each appraiser - ✔✔How is the Appraisal
Subcommittee funded?
✔✔inverse - ✔✔Supply and demand move in a(n) ____________ relationship.
✔✔price - ✔✔USPAP defines _________ as the amount asked, offered, or paid for a
property.
✔✔ASB - ✔✔The ______ publishes "other communications" in the form of Advisory
Opinions and USPAP FAQs.
✔✔contribution - ✔✔When estimating the value of a fireplace in a single-family home,
the most important principle is the principle of
✔✔estate - ✔✔A right or interest in property" is a(n)
✔✔qualifying education, examination, experience, continuing education - ✔✔The four
components of the Appraiser Qualification Criteria are:
, ✔✔requires certain documents to be in writing - ✔✔What is the purpose of a state's
statute of frauds?
✔✔metes and bounds - ✔✔The oldest system of legal descriptions for real estate is:
✔✔subsurface - ✔✔The right to construct and maintain tunnels, subways, subcellars,
pipelines, sewers, etc." is the definition of _________ rights.
✔✔150 - ✔✔The current number of appraisal education hours required for Licensed
Residential Appraiser applicants is ______ hours.
✔✔300 - ✔✔The current number of appraisal education hours required for Certified
General Appraiser applicants is ______ hours.
✔✔borrowing, saving - ✔✔Low interest rates encourage __________, while high
interest rates encourage _________.
✔✔escheat - ✔✔Which of these would be considered a public restriction on real
property ownership?
✔✔the appraiser's value opinion - ✔✔Which of these factors would result in a violation
of USPAP if the appraiser based his or her appraisal fee on it?
✔✔75 - ✔✔Under the current education criteria, an applicant for Appraiser Trainee must
have completed ___ creditable class hours as specified in the required Core Curriculum
Appendix.
✔✔utility, effective purchasing power - ✔✔The four elements of value are desire,
_________, scarcity, and ________.
✔✔sales comparison - ✔✔Which valuation approach relies most heavily on the principle
of substitution?
✔✔directly, proportionately - ✔✔The principle of supply and demand states that the
price of a commodity, good, or service varies __________, but not necessarily
_____________, with demand.
✔✔66 - ✔✔In property measurement, a chain contains 100 links, which measures
_______ feet.
✔✔16.5 ft - ✔✔In property measurement, 1 rod or 25 links, which measures _______
feet.
