PA MOTOR VEHICLE DAMAGE APPRAISER LICENSE WITH VERIFIED ANSWERS UPDATED 2023 GUARANTEED DISTINCTION

PA MOTOR VEHICLE DAMAGE APPRAISER LICENSE WITH VERIFIED ANSWERS UPDATED 2023 GUARANTEED DISTINCTION What is the maximum amount of time that a license can be suspended for? - Answer 12 months Any person who violates any of the provisions of this act is guilty of a misdemeanor and upon conviction thereof, for each offence, will be sentenced to pay fine not exceeding __ or _______. - Answer $500 or undergo imprisonment not exceeding one year or both. The appraisal must: - Answer -be signed by the appraiser before the appraisal is submitted to the insurer, the consumer, or another uninvolved party. (may utilize the electronic signature) -Not use abbreviations or symbols to describe work to be done or parts to be repaired or replaced unless an explanation of the abbreviations and symbols are included. -The dollar amount -A statement informing the consumer that information regarding repair facilities which will be able to repair the vehicle for the appraised amount is available from the insurer. If the consumer recieves information from the insurer, the information must include discolosure that there is no requirement to use any specified repair shop. If salvage value is listed, the appraiser must disclose to the consumer in writing: - Answer -the name and address of each salvage bidder -the amount -the expiration date of each salvage bid known Guide Source Method - Answer The appraiser must calculate the average of two figures reflecting the retail book value of a vehicle of like kind and condition, as provided by guide sources approved by the Commissioner. Actual Cost Method - Answer The appraiser must determine the actual cost of purchase of an available motor vehicle of like kind and quality in condition similar to or better than the motor vehicle being appraised in its predamaged condition. Dealer quotation method - Answer The appraiser will consult with dealers or other persons knowledgeable in the field to secure quotations as to the value of the motor vehicle being appraised. Applicant Age - Answer 18 years or older How long do you have to wait to be eligible to retake an examination if you fail? - Answer 30 days