General Report Writing & Case Studies
(McKissock) COMPREHENSIVE QUIZ
QUESTIONS 100% Solved
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
The definitions used by accountants and appraisers are different so, which of the following
would you use to summarize depreciation as employed by appraisers? The difference
between the contributory value of an improvement & its cost at the time of the appraisal
The essential difference between the two reporting options comes down to two words:
Summarize & State
The Fannie Mae 1004 form (the URAR form) may be used to report an appraisal on: units
in planned unit developments
The SCOPE OF WORK RULE applies to ________ assignments? only Appraisal and
Appraisal Review
,There are three traditional techniques that appraisers use to estimate the cost of creating a
structure; comparative-unit, unit-in place and quantity survey. Why is it NOT necessary to
describe all three in a narrative Appraisal Report? Because the intended user only needs to
know which method was employed. Explaining the other two is of no benefit to the intended user
To illustrate population and similar trends, what can an appraiser include in their report to
visually aid the intended user's understanding? A grid showing the statistical data and
trends
Today, on-site parking is critical to most properties. When summarizing a site's parking what
should an appraiser always include? The number of spaces, the appropriate ratio per unit,
per room of per square foot of building area and compliance with the zoning code.
USPAP says that in an Appraisal Report you must ____________ the Intended Use. State
Wetlands and waterways regulation and permitting falls under U.S. Army Corps of
Engineers
What benefit can you explain that the impact of a newly constructed commuter rail station
location can have on a community? That they can and usually do stimulate the
, construction of new housing developments and commercial buildings in reasonable proximity to
the station.
What can you explain as the MOST COMMON reasons why local residents desire convenient
public transportation? Because they want convenient access to a central business district,
to access employment centers, to access major medical facilities, to access educational
institutions and to access retail facilities
What does USPAP require of the appraiser concerning any extraordinary assumptions or
hypothetical conditions used in an Appraisal Report? They must be clearly and
conspicuously disclosed
What encumbrances do intended users always want to know about and that you should
investigate and explain their impact? Easements, encroachments and rights of way
What is a good way to begin writing an immediate neighborhood or vicinity description?
By identifying and summarizing what immediately adjoins the subject north, south, east
and west
(McKissock) COMPREHENSIVE QUIZ
QUESTIONS 100% Solved
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
The definitions used by accountants and appraisers are different so, which of the following
would you use to summarize depreciation as employed by appraisers? The difference
between the contributory value of an improvement & its cost at the time of the appraisal
The essential difference between the two reporting options comes down to two words:
Summarize & State
The Fannie Mae 1004 form (the URAR form) may be used to report an appraisal on: units
in planned unit developments
The SCOPE OF WORK RULE applies to ________ assignments? only Appraisal and
Appraisal Review
,There are three traditional techniques that appraisers use to estimate the cost of creating a
structure; comparative-unit, unit-in place and quantity survey. Why is it NOT necessary to
describe all three in a narrative Appraisal Report? Because the intended user only needs to
know which method was employed. Explaining the other two is of no benefit to the intended user
To illustrate population and similar trends, what can an appraiser include in their report to
visually aid the intended user's understanding? A grid showing the statistical data and
trends
Today, on-site parking is critical to most properties. When summarizing a site's parking what
should an appraiser always include? The number of spaces, the appropriate ratio per unit,
per room of per square foot of building area and compliance with the zoning code.
USPAP says that in an Appraisal Report you must ____________ the Intended Use. State
Wetlands and waterways regulation and permitting falls under U.S. Army Corps of
Engineers
What benefit can you explain that the impact of a newly constructed commuter rail station
location can have on a community? That they can and usually do stimulate the
, construction of new housing developments and commercial buildings in reasonable proximity to
the station.
What can you explain as the MOST COMMON reasons why local residents desire convenient
public transportation? Because they want convenient access to a central business district,
to access employment centers, to access major medical facilities, to access educational
institutions and to access retail facilities
What does USPAP require of the appraiser concerning any extraordinary assumptions or
hypothetical conditions used in an Appraisal Report? They must be clearly and
conspicuously disclosed
What encumbrances do intended users always want to know about and that you should
investigate and explain their impact? Easements, encroachments and rights of way
What is a good way to begin writing an immediate neighborhood or vicinity description?
By identifying and summarizing what immediately adjoins the subject north, south, east
and west
