BASIC APPRAISAL PRINCIPALS- 30 HOURS MCKISSOCK CHAPTER 1+2 EXAM QUESTIONS AND ANSWERS 100% PASS

BASIC APPRAISAL PRINCIPALS- 30 HOURS MCKISSOCK CHAPTER 1+2 EXAM QUESTIONS AND ANSWERS 100% PASS Why are appraisals needed? - -Set asking prices -Mortgage -Refinance -Settle Estates -Establish offering price -Divorce -Condemnation -Set Rental Rates -Re-negotiate a lease -Employee relocation -Foreclosure 2100% Pass Guarantee Emilly Charlotte, All Rights Reserved © 2025 -Property tax appeal ETC An appraiser is defined as "one who is expected to perform valuation services _________, and in a manner that is independent, impartial, and objective." - competently True or False: All appraisals are performed for mortgage lending purposes. - False Which characteristic would NOT be associated with a good appraiser? - biased A certified residential appraiser needs ____ hours of continuing education per year to renew his or her certification. - 14 True or False: An applicant for Certified General appraiser must possess at least an associate's degree from an accredited college or university. - False, a bachelor's or higher The current requirements for real property appraiser licensing and certification went into effect on - May 1, 2018 An applicant who wishes to become a Certified Residential appraiser must have accumulated a minimum of ______ hours of appraisal education. - 200 TRAINEE APPRAISER REQUIREMENTS - -75 creditable class hours -pass Core Curriculum exam 3100% Pass Guarantee Emilly Charlotte, All Rights Reserved © 2025 -pass 15 hour National USPAP Course and Exam (must all be completed within 5 years of submission) LISCENSED RESIDENTIAL APPRAISER REQUIREMENTS - -150 Creditable class hours -pass 15-hour USPAP Course and exam -minimum of 1,000 hours of experience in no fewer than 6 months. CERITIFIED RESIDENTIAL APPRAISER REQUIREMENTS - -1,500 hours of appraisal experience in no fewer than 12 months -Bachelor's degree or an Associates degree or 30 semester hours of coursework in a specific topic area CERTIFIED GENERAL APPRAISER REQUIREMENTS - -3,000 hours of appraisal experience in no fewer than 18 months -Bachelor's degree TRAINEE APPRAISER - a beginning appraiser w