©FYNDLAY 2025 ALL RIGHTS RESERVED
McKissock-Residential Construction and the
Appraiser. Exam Questions and Answers
100% Pass
Most appraisal clients currently prefer that the appraiser makes the property inspection, as
opposed to a third party. Why is this? - ANS The appraiser knows what property
characteristics are relevant
Which of these parties is best qualified to distinguish a property's relevant characteristics from
those that are irrelevant to its valuation? - ANS The appraiser
What is the appraiser's proper role? - ANS As an objective third party
According to the HUD Handbook, an appraiser's ________ of the property is _________ one
performed by a licensed home inspector. - ANS Observation, not as comprehensive as
In Handbook 4000.1, FHA has eliminated the word "inspection" with relation to the appraiser's
requirements, and has replaced it with: - ANS Observation
What is the primary reason why appraisers make physical inspections of subject properties? -
ANS To gather information about the property's relevant characteristics
Which of these is NOT used by appraisers or clients as a euphemism for the word "inspection?"
- ANS Quick look
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, ©FYNDLAY 2025 ALL RIGHTS RESERVED
Who is typically responsible for determining code compliance in newly-constructed houses? -
ANS Code inspectors
An appraiser is looking to the USPAP publication for guidance and advice regarding the issue of
subject property inspection. Where would you advise him or her to look? - ANS Advisory
Opinion 2
The primary reason for an appraiser to inspect a property is to gather information about the
characteristics of the property that are ________ to its value. - ANS Relevant
FHA requires that a well be located a minimum of ____ feet from a septic tank and ____ feet
from the septic absorption field. - ANS 50-100
Assuming no sewage pump is being used, a septic system will always be found ________ the
house. - ANS Below
The bearing capacity of soil can range from 1 to _____ tons per square foot. - ANS 8
The higher the __________________, the higher the probability of underground
contamination. - ANS Water table
When appraising a house that has a radon remediation system, what is an appraiser's
responsibility? - ANS Research the market to determine if a house with such a system suffers
from a stigma
The solid rock underlying the soil is known as: - ANS Bedrock
Which of these types of sites would generally be less desirable for a residential property? -
ANS Corner lot
Which type of access is generally preferable for a residential property? - ANS Public road
©FYNDLAY 2
McKissock-Residential Construction and the
Appraiser. Exam Questions and Answers
100% Pass
Most appraisal clients currently prefer that the appraiser makes the property inspection, as
opposed to a third party. Why is this? - ANS The appraiser knows what property
characteristics are relevant
Which of these parties is best qualified to distinguish a property's relevant characteristics from
those that are irrelevant to its valuation? - ANS The appraiser
What is the appraiser's proper role? - ANS As an objective third party
According to the HUD Handbook, an appraiser's ________ of the property is _________ one
performed by a licensed home inspector. - ANS Observation, not as comprehensive as
In Handbook 4000.1, FHA has eliminated the word "inspection" with relation to the appraiser's
requirements, and has replaced it with: - ANS Observation
What is the primary reason why appraisers make physical inspections of subject properties? -
ANS To gather information about the property's relevant characteristics
Which of these is NOT used by appraisers or clients as a euphemism for the word "inspection?"
- ANS Quick look
©FYNDLAY 1
, ©FYNDLAY 2025 ALL RIGHTS RESERVED
Who is typically responsible for determining code compliance in newly-constructed houses? -
ANS Code inspectors
An appraiser is looking to the USPAP publication for guidance and advice regarding the issue of
subject property inspection. Where would you advise him or her to look? - ANS Advisory
Opinion 2
The primary reason for an appraiser to inspect a property is to gather information about the
characteristics of the property that are ________ to its value. - ANS Relevant
FHA requires that a well be located a minimum of ____ feet from a septic tank and ____ feet
from the septic absorption field. - ANS 50-100
Assuming no sewage pump is being used, a septic system will always be found ________ the
house. - ANS Below
The bearing capacity of soil can range from 1 to _____ tons per square foot. - ANS 8
The higher the __________________, the higher the probability of underground
contamination. - ANS Water table
When appraising a house that has a radon remediation system, what is an appraiser's
responsibility? - ANS Research the market to determine if a house with such a system suffers
from a stigma
The solid rock underlying the soil is known as: - ANS Bedrock
Which of these types of sites would generally be less desirable for a residential property? -
ANS Corner lot
Which type of access is generally preferable for a residential property? - ANS Public road
©FYNDLAY 2
