Real Estate Appraisal Course - Exam (Units 1-15)Questions and Answers Updated 2026

Real Estate Appraisal
Course - Exam (Units 1-
15)Questions and
Answers Updated 2026
WhichBofBtheBfollowingBisBusuallyBdefinedBasBtheBmostBprobableBpriceBaBpropertyBw
ouldBbringBinBnormalBmarketBconditions?B-BAnswerBMarketBvalue



TheBAppraisalBFoundationBincludesBwhichBofBtheBfollowingBindependentBboards?B-
BAnswerBTheBAppraisalBStandardsBBoard



AppraisalsBareBusuallyBrequiredBwheneverBpropertyBis:B-BAnswerBboughtBorBsold.



InB2010,BtheBgovernment'sBsolutionBtoBtheBdisintegrationBofBtheBhousingBmarketBand
BfinancialBcrisisBwasBtoBenactBthe:B-BAnswerBDodd-
FrankBWallBStreetBReformBandBConsumerBProtectionBAct.



Appraisers'BovervaluationBofBrealBestateBhelpedBcauseBtheBSavingsBandBLoanBCrisis.B-
BAnswerBTrue



TheBmissionBofBtheBAppraisalBSubcommitteeBisBtoBensureBthatBrealBestateBappraisers
BareBsufficientlyBtrainedBandBtested.B-BAnswerBTrue



WhichBofBtheBfollowingBisBtheBamountBofBmoneyBitBtakesBtoBbuildBaBstructure?B-
BAnswerBCost



Currently,B150BhoursB(includingB15BhoursBofBUSPAP)BisBrequiredBeducationBforBwhich
BofBtheBfollowingBlicenseBlevels?B-BAnswerBResidentialBLicense

,WhichBofBtheBfollowingBisBnotBoneBofBtheBfourBlevelsBofBrealBestateBappraiserBlicensi
ngBthatBmostBstatesBoffer?B-BAnswerBSales-Broker



AsBaBresponseBtoBtheBSavingsB&BLoanBcrisis,BCongressBpassedBtheBUniformBStandards
BofBProfessionalBAppraisalBPracticeB(USPAP)BinB1989.B-
BAnswerBFalseB(theyBpassedBtheBFIRREABorBtheB"S&LBBailoutBBill")



WhichBofBtheBfollowingBisBtheBamountBofBmoneyBrequestedBorBpaidBforBaBproperty?
B-BAnswerBPrice



WhichBofBtheBfollowingBisBmadeBupBofBsixBappraisersBwhoBareBappointedBbyBTAF'sBB
oardBofBTrusteesBforBthree-yearBterms?B-BAnswerBTheBAppraisalBStandardsBBoard



WhichBofBtheBfollowingBisBmadeBupBofBfiveBappraisersBwhoBareBappointedBbyBTAF'sB
BoardBofBTrusteesBforBthree-yearBterms?B-BAnswerBTheBAppraiserBQualificationsBBoard



SubtitleBFBofBTheBReformBActB(TitleBXIVBofBtheBDodd-
FrankBAct)BhasBdirectBimpactBonBtheBappraisalBindustry.BWhichBofBtheBfollowingBisBa
BcorrectBprovisionBofBSubtitleBF?B-
BAnswerBItBisBmandatoryBtoBreportBanyBappraiserBwhoBviolatesBUSPAP.



WhichBofBtheBfollowingBappliesBtoBtheBAppraiserBQualificationsBBoardB(AQB)?B-
BAnswerBTheBAQBBestablishesBtheBminimumBeducation,Bexperience,BandBexaminationB
requirementsBanBindividualBmustBmeetBinBorderBtoBbecomeBaBlicensedBorBcertifiedBa
ppraiser.



WhyBdoBlendersBusuallyBuseBtheBservicesBofBanBappraiser?B-
BAnswerBToBensureBthatBtheBpropertyBvalueBisBhighBenoughBtoBcoverBtheBloanBamou
nt



HowBmanyBhoursBofBexperienceBareBneededBtoBobtainBaBtraineeBlicenseBunderBcurre
ntBrequirements?B-BAnswerBNoBexperienceBisBrequired

,WhichBofBtheBfollowingBisBnotBincludedBinBTAF?B-
BAnswerBTheBAppraisalBConsumerBProtectionBBoard



Currently,BanBassociate'sBdegreeBorB21BunitsBinBspecifiedBcollegeBcoursesBisBrequiredB
educationBforBwhichBofBtheBfollowingBlicenseBlevels?B-BAnswerBCertifiedBResidential



TheBAppraisalBFoundationBincludesBwhichBofBtheBfollowingBindependentBboards?B-
BAnswerBTheBAppraisalBStandardsBBoard



OfBtheBfollowing,BwhichBisBnotBaBcomponentBofBrealBproperty?B-
BAnswerBAnythingBthatBisBaBchattel



AnBappurtenanceBisBanythingBbelongingBtoBaBparticularBpieceBofBlandBthatBisBusedBfo
rBitsBbenefit.BWhichBofBtheBfollowingBisBnotBanBappurtenance?B-
BAnswerBChattelBrights



InBtheBbundleBofBrights,BtheBrightBtoBliveBonBtheBpropertyBandBtheBrightBtoBkeepBot
hersBoutBisBknownBasBtheBrightBtoBpossession.B-BAnswerBTrue



InBtheBbundleBofBrights,BtheBrightBtoBsellBproperty,BgiveBitBasBaBgift,BorBdisposeBofBi
tBinBanyBwayBpermittedBbyBlawBisBknownBasBtheBrightBto:B-BAnswerBtransfer.



WhichBtypeBofBlegalBdescriptionBdelineatesBboundariesBandBmeasuresBdistancesBbetw
eenBlandmarksBlikeBtrees,Bboulders,Bcreeks,Bfences,Betc.?B-
BAnswerBMetesBandBbounds



PersonalBpropertyBincludesBallBofBtheBfollowing,Bexcept:B-BAnswerBappurtenance.



LandBdoesBnotBincludeBwhichBofBtheBfollowing?B-BAnswerBRiparianBrights

, TheBfiveBtestsBtoBdetermineBaBfixtureBare:B(1)BmethodBofBattachment,B(2)Badaptation,
B(3)BrelationshipBofBtheBparties,B(4)BintentBofBtheBparties,BandB(5)BagreementBofBthe
Bparties.B-BAnswerBTrue



WhenBthereBisBaBdisputeBaboutBfixturesBandBitBisBnotBclearBwhoBisBright,BcourtsBusu
allyBfavorBthe:B-BAnswerBtenantBoverBtheBlandlord.



WhichBofBtheBfollowingBtypesBofBlegalBdescriptionsBusesBimaginaryBlinesBtoBformBaBg
ridBtoBlocateBland?B-BAnswerBPublicBLandBSurveyBSystem



InBtheBbundleBofBrights,BtheBrightBtoBliveBonBtheBpropertyBandBtheBrightBtoBkeepBot
hersBoutBisBknownBasBtheBrightBto:B-BAnswerBpossession.



TheBabsoluteBrightBofBtheBpropertyBownerBtoBhaveBhisBorBherBlandBsupportedBfromB
beneathBitsBsurfaceBisBcalled:B-BAnswerBsubjacentBsupport.



PersonalBpropertyBisBmovableBandBtransferredBorBsoldBusingBaBbillBofBsaleBandBinclud
esBmoney,BmovableBgoodsBsuchBasBtradeBfixtures,BevidencesBofBdebtBsuchBasBaBpro
missoryBnote,BandBsomeBgrowingBthingsBsuchBasBcrops.B-BAnswerBTrue



WhichBofBtheBfollowingBisBtheBmostBconvenientBandBeasilyBunderstoodBmethodBofBla
ndBdescriptionBandBisBmostBcommonBforBmetropolitanBuse?B-
BAnswerBRecordedBPlatBSystem



WhichBofBtheBfollowingBisBnotBincludedBinBpersonalBproperty?B-
BAnswerBAppurtenance



InBtheBbundleBofBrights,BtheBrightBtoBborrowBmoneyBandBuseBpropertyBasBsecurityBf
orBtheBloanBisBknownBasBtheBrightBto:B-BAnswerBencumber.



LittoralBandBriparianBrightsBareBtypesBof:B-BAnswerBwaterBrights