BASIC APPRAISAL PRINCIPLES TEST STUDY COMPREHENSIVE
TEST BANK FINAL REVIEW EXAM NEWEST EXAM WITH
COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS\VERIFIED 100% ALREADY GRADED A+ \LATEST
UPDATE BEST FOR EXAM PREPARATION
The document transmitted to the client upon completion of an
appraisal assignment is the
ANSWERS: appraisal report
Under the 2008 criteria, an applicant for a Certified General license
must hold a(n) ___________ degree or _____ semester hours in certain
selected
college level courses.
ANSWERS: Bachelors ,30
To apply for an Appraiser Trainee license, an applicant must have
_____ hours of qualifying education courses and ______
creditable hours of experience.
ANSWERS: 75,0
,The four components of the Appraiser Qualification Criteria
include Continuing Education, Examination, ____________,
and _________________________________________________ _.
ANSWERS: Experience and Qualifying Education
The _____ is charged with establishing the qualifications that all the
states must adopt in licensing, certification and re-certification of
appraisers.
ANSWERS: AQB
The first universally accepted appraisal report form appeared in the
ANSWERS: 1970's
The Appraisal Foundation is a organization.
ANSWERS: not-for -profit
,The number of required classroom hours for Licensed
Residential Appraisers under the 2008 criteria is
____________________________________ hours.
ANSWERS: 150
True or False? The Board of Trustees acts as the executive board
for The Appraisal Foundation.
ANSWERS: True
In 1987, eight U.S. appraisal organizations formed
ANSWERS: The Appraisal Foundation
, The transfer of money from low interest-bearing accounts to
higher interest-bearing accounts is referred to as
ANSWERS: disintermeditation
What event preceded the Great Depression?
ANSWERS: Stock Market Crash of 1929
True or False? The Appraisal Subcommittee's mission is to
ensure that real estate appraisers who perform appraisals in
federally-related
transactions are sufficiently trained and tested to assure
competency and independent judgment.
ANSWERS: political party affiliation
True or False? The Dodd-Frank Act gave the ASC the authority to
create a National Registry of appraisal management companies.
ANSWERS: True
Which of these is NOT a protected class, according to the Fair
Housing Act?
ANSWERS: political party affilitation
TEST BANK FINAL REVIEW EXAM NEWEST EXAM WITH
COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS\VERIFIED 100% ALREADY GRADED A+ \LATEST
UPDATE BEST FOR EXAM PREPARATION
The document transmitted to the client upon completion of an
appraisal assignment is the
ANSWERS: appraisal report
Under the 2008 criteria, an applicant for a Certified General license
must hold a(n) ___________ degree or _____ semester hours in certain
selected
college level courses.
ANSWERS: Bachelors ,30
To apply for an Appraiser Trainee license, an applicant must have
_____ hours of qualifying education courses and ______
creditable hours of experience.
ANSWERS: 75,0
,The four components of the Appraiser Qualification Criteria
include Continuing Education, Examination, ____________,
and _________________________________________________ _.
ANSWERS: Experience and Qualifying Education
The _____ is charged with establishing the qualifications that all the
states must adopt in licensing, certification and re-certification of
appraisers.
ANSWERS: AQB
The first universally accepted appraisal report form appeared in the
ANSWERS: 1970's
The Appraisal Foundation is a organization.
ANSWERS: not-for -profit
,The number of required classroom hours for Licensed
Residential Appraisers under the 2008 criteria is
____________________________________ hours.
ANSWERS: 150
True or False? The Board of Trustees acts as the executive board
for The Appraisal Foundation.
ANSWERS: True
In 1987, eight U.S. appraisal organizations formed
ANSWERS: The Appraisal Foundation
, The transfer of money from low interest-bearing accounts to
higher interest-bearing accounts is referred to as
ANSWERS: disintermeditation
What event preceded the Great Depression?
ANSWERS: Stock Market Crash of 1929
True or False? The Appraisal Subcommittee's mission is to
ensure that real estate appraisers who perform appraisals in
federally-related
transactions are sufficiently trained and tested to assure
competency and independent judgment.
ANSWERS: political party affiliation
True or False? The Dodd-Frank Act gave the ASC the authority to
create a National Registry of appraisal management companies.
ANSWERS: True
Which of these is NOT a protected class, according to the Fair
Housing Act?
ANSWERS: political party affilitation
