©FYNDLAY 2025 ALL RIGHTS RESERVED
McKissock-Residential Property Inspection
for Appraisers. Exam Questions and
Answers 100% Pass
Some appraisers do not want to add a detailed "Scope of Inspection" section to their appraisal
reports because: - ANS It requires custom commentary, which takes time
In an appraisal report, it is a good idea for an appraiser to provide an expanded explanation of
the scope of their inspection because: - ANS The appraiser may be able to limit his/her
liability by stating the limits of the inspection
In a Restricted Appraisal Report, the appraiser must, at minimum, _________ the scope of work
used to develop the appraisal. - ANS State
Proper disclosure of scope of work is required because: - ANS Clients and intended users rely
on the assignment results
A client requires an appraiser to provide a cost of cure for a deficiency that the appraiser
observed in the subject property. What is the best advice you could give this appraiser? -
ANS Provide the cost to cure estimate as a range
Which of these concepts is NOT listed in USPAP as part of the scope of work? - ANS The
expected date of report delivery to the client
An appraiser who uses templates with canned comments should: - ANS Read the template
from time to time to make sure it is still current
©FYNDLAY 1
, ©FYNDLAY 2025 ALL RIGHTS RESERVED
An appraiser is permitted to ___________ to Fannie Mae and Freddie Mac appraisal report
forms. - ANS Add certification
A retrospective appraisal is one in which: - ANS The effective date occurred sometime in the
past
An appraiser has been engaged to prepare an appraisal on a proposed new single-family
dwelling. Instead of specifications, an appraiser receives a copy of a material list from a local
home supply store. The appraiser is having trouble understanding this material list. What
should the appraiser do? - ANS Request a legible and understandable set of specifications
When is it more difficult to determine the relevant physical characteristics of a property in a
retrospective appraisal? - ANS When the effective date is many years ago
An appraiser's inspection of a property for an FHA appraisal is ________ an inspection
performed by a licensed home inspector. - ANS Not as comprehensive as
Which of these conditions is NOT listed in the HUD Handbook as a condition that would require
an inspection by a qualified professional? - ANS A cracked sidewalk
With regard to mechanical systems, the HUD Handbook states that appraisers must: -
ANS Operate the systems and observe their performance
When inspecting the subject property for an FHA loan, when should an appraiser NOT operate
the air conditioning system? - ANS When weather conditions do not permit operation
Which word is used in the HUD Handbook in lieu of the word "inspect?" - ANS Observe
When inspecting a property for an FHA appraisal, the appraiser notes a crack in the foundation.
The appraiser does not know whether it is structural or cosmetic. What should the appraiser
do? - ANS Require an inspection by a qualified individual or entity
©FYNDLAY 2
McKissock-Residential Property Inspection
for Appraisers. Exam Questions and
Answers 100% Pass
Some appraisers do not want to add a detailed "Scope of Inspection" section to their appraisal
reports because: - ANS It requires custom commentary, which takes time
In an appraisal report, it is a good idea for an appraiser to provide an expanded explanation of
the scope of their inspection because: - ANS The appraiser may be able to limit his/her
liability by stating the limits of the inspection
In a Restricted Appraisal Report, the appraiser must, at minimum, _________ the scope of work
used to develop the appraisal. - ANS State
Proper disclosure of scope of work is required because: - ANS Clients and intended users rely
on the assignment results
A client requires an appraiser to provide a cost of cure for a deficiency that the appraiser
observed in the subject property. What is the best advice you could give this appraiser? -
ANS Provide the cost to cure estimate as a range
Which of these concepts is NOT listed in USPAP as part of the scope of work? - ANS The
expected date of report delivery to the client
An appraiser who uses templates with canned comments should: - ANS Read the template
from time to time to make sure it is still current
©FYNDLAY 1
, ©FYNDLAY 2025 ALL RIGHTS RESERVED
An appraiser is permitted to ___________ to Fannie Mae and Freddie Mac appraisal report
forms. - ANS Add certification
A retrospective appraisal is one in which: - ANS The effective date occurred sometime in the
past
An appraiser has been engaged to prepare an appraisal on a proposed new single-family
dwelling. Instead of specifications, an appraiser receives a copy of a material list from a local
home supply store. The appraiser is having trouble understanding this material list. What
should the appraiser do? - ANS Request a legible and understandable set of specifications
When is it more difficult to determine the relevant physical characteristics of a property in a
retrospective appraisal? - ANS When the effective date is many years ago
An appraiser's inspection of a property for an FHA appraisal is ________ an inspection
performed by a licensed home inspector. - ANS Not as comprehensive as
Which of these conditions is NOT listed in the HUD Handbook as a condition that would require
an inspection by a qualified professional? - ANS A cracked sidewalk
With regard to mechanical systems, the HUD Handbook states that appraisers must: -
ANS Operate the systems and observe their performance
When inspecting the subject property for an FHA loan, when should an appraiser NOT operate
the air conditioning system? - ANS When weather conditions do not permit operation
Which word is used in the HUD Handbook in lieu of the word "inspect?" - ANS Observe
When inspecting a property for an FHA appraisal, the appraiser notes a crack in the foundation.
The appraiser does not know whether it is structural or cosmetic. What should the appraiser
do? - ANS Require an inspection by a qualified individual or entity
©FYNDLAY 2
