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McKissock Basic Appraisal Principles I Final Exam Quiz NEWEST 2025/2026 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+

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McKissock Basic Appraisal Principles I Final Exam Quiz NEWEST 2025/2026 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+

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Mckissock USPAP
Course
Mckissock USPAP








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Institution
Mckissock USPAP
Course
Mckissock USPAP

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Uploaded on
July 1, 2025
Number of pages
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Written in
2024/2025
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Exam (elaborations)
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McKissock Basic Appraisal Principles I
Final Exam Quiz

150 - ANSCurrently, Licensed Residential Appraiser applicants must complete ______ hours
of appraisal education. 16.5 ft - ANSIn property measurement, 1 rod or 25 links, which
measures _______ feet.
2 - ANSReporting requirements for real property appraisers are set forth in STANDARD ___
of the Uniform Standards of Professional Appraisal Practice.
200 - ANSCurrently, Certified Residential Appraiser applicants must complete ______ hours
of appraisal education. 300 - ANSThe current number of appraisal education hours required
for Certified General Appraiser applicants is ______ hours.
4320 - ANSA rancher owns six full sections plus three quarter sections. How many acres is
that?
66 - ANSA chain has 100 links and is 100 feet long in property measurement. 660 ft - ANSIn
property measurement, 1 furlong or 10 chains, which measures _______ feet.
75 - ANSUnder the current education criteria, an applicant for Appraiser Trainee must have
completed ___ creditable class hours as specified in the required Core Curriculum Appendix.
a type of property, a specific property - ANSA market analysis examines ____________ ,
where a marketability analysis examines ______________.
access right of way - ANSWhich of the following would NOT be considered a negative
easement?
adjustable rate - ANSA mortgage in which the interest rate may move up or down, following
a specified schedule or in accordance with the movements of a standard or index to which it
is tied" is the definition of a(n) ______________ mortgage.
Appraisal Qualifications Board - ANSThe ________ is responsible for establishing criteria
for individuals to become real property appraisers.
Appraisal Subcommittee - ANSThe _______ maintains a national registry of state certified
and licensed appraisers who are eligible to perform appraisals in federally related
transactions.
ASB - ANSThe ______ publishes "other communications" in the form of Advisory Opinions
and USPAP FAQs.
ASC - ANSThe ______ maintains a National Registry of appraisers.
ASC (Appraisal Subcommittee) - ANSThe _____ has oversight authority over state
appraisal boards.
borrowing, saving - ANSLow interest rates encourage __________, while high interest rates
encourage _________.
both Certified Residential and Certified General - ANSUnder the current qualifying
education criteria, there are college-level course requirements for __________
classifications.
Zoning, environmental regulations, and building codes: ANSPolice's authority would include
which of the following? capital - ANS"The interaction of buyers and sellers who trade
long-term or intermediate-term money instruments" is the definition of the _____________
market.

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