Questions With Complete Solutions
What must the appraiser's scope of work describe and clearly explain? That the scope of
work was appropriate for the assignment
In an appraisal report, generally, where should you include maps, photographs, graphs, and
similar exhibits? In the body, in the addendum, or in both places
In which section of a narrative appraisal report do appraisers usually include general assumptions
and limiting conditions? Addendum
Which of the following should NOT be used in a well-written narrative appraisal report?
Slang or clichés
Why should an appraiser be conscious of his or her audience when writing an appraisal report?
Because not all of the readers of the appraisal report will be real estate experts
USPAP refers to an appraisal assignment as a problem to solve. What must the appraisal report
state or provide concerning the problem to be solved? Definition of the appraisal problem
to be solved
, General Report Writing & Case Studies
Questions With Complete Solutions
Which of the following should be employed when writing a narrative appraisal report? A
standardized template with a basic font type and size
If, in developing your appraisal, you excluded something you believe an intended user may be
concerned about, what should you do? Explain why you did not include or address an
item of such potential concern
When including a quotation from a source within an appraisal report, how should it be indicated?
By acknowledging the source either adjacent to the quote or by the use of a footnote
USPAP refers to an appraisal assignment as a problem to solve. What must the appraisal report
state or provide concerning the problem to be solved? Definition of the appraisal problem
to be solved
As the appraiser is usually not present when the appraisal report is delivered to the intended
users, why should it be well-written? To reflect well upon the appraiser and his or her
competency, as well as to instill confidence in the intended users about the appraiser's skills,
professionalism, opinions, and conclusions
, General Report Writing & Case Studies
Questions With Complete Solutions
Which of the following is a critical aspect of creating a well-respected narrative appraisal report?
Good writing
Which of the following should you do when you have finished writing your appraisal report?
Place it in a professional quality binder
Which of the following would be considered personal property and not real property? The
development's maintenance truck
Aside from complying with USPAP, why is it useful to define the appraisal problem in the
appraisal report? Because the definition can guide the appraiser's development of the
scope of work
When we read, we retain what percentage of the information that is read? 10
Studies have shown that we retain more of what we ________ than with any other method.
Say
, General Report Writing & Case Studies
Questions With Complete Solutions
STANDARD 2 of USPAP states that in appraising real property, an appraiser must
"communicate each analysis, opinion, and conclusion in a manner that is _______________."
not misleading
True or False: The substantive content of an appraisal report determines its compliance.
True
The Comment to STANDARD 2 of USPAP says "The form, format, and style of a report are
functions of the needs of ____________________." Intended users and appraisers
According to USPAP, an appraisal report can be delivered Either orally or written
"My", "mine", and "yours" are examples of Possessive pronouns
Adverbs usually modify Verbs
"Who", "which", and "what" are examples of Interrogative pronouns