Unit /
21
/ /
Appraising
/ /
Real
/ /
Estate Exam Questions With Correct Answers
/ // // // // //
Appraisal //- /
/CORRECT /
/ANSWERS(S)✔✔an /
/estimate //or //opinion //of //value //based //on //supportable //evidence. //and //approved //methods.
Appraiser //- /
/CORRECT //ANSWERS(S)✔✔is //an //independent //professional //trained //to //provide //an //unbiased
//estimate /
/of //value //in //an //impartial //and //objective //manner, //according //to //the //appraisal //process.
Uniform /
/Standards /
/of /
/Professional /
/Appraisal /
/Practice /
/(USPAP) //- /
/CORRECT /
/ANSWERS(S)✔✔A /
/set /
/of /
/standards /
/that /
/details /
,/information /
/required /
/of /
/an /
/appraisal /
/of /
/residential /
/property. /
/The //Uniform //Residential //Appraisal //Report //is //required //by //many //government //agencies.
certified /
/general /
/real /
/estate /
/appraiser //- /
/CORRECT /
/ANSWERS(S)✔✔permitted /
/to /
/appraise //any //residential //or //nonresidential //property. //An //individual //who //is //certified //under
//the /
/state /
/Certified /
/Appraisers /
/Act /
/to /
/perform /
/appraisals /
/of //any //type //or //value //of //property //for //federally //related //real //estate //transactions.
certified /
/residential /
/real /
/estate /
/appraiser //- /
/CORRECT /
/ANSWERS(S)✔✔permitted /
, /to /
/appraise /
/only /
/residential /
/property /
/of /
/one /
/to //four //units, //regardless //of //whether //the //transaction //is //federally //or //nonfederally //related.
broker/
appraiser //- /
/CORRECT /
/ANSWERS(S)✔✔A /
/real /
/estate /
/broker /
/who /
/is /
/licensed /
/by /
/the /
/Certified /
/Appraisers /
/Act /
/in /
/Pennsylvania /
/to /
/perform //appraisals //on //properties //for //nonfederally //related //transactions //under //$250,000.
Certified /
/Pennsylvania /
/Evaluator /
/(CPE) //- /
/CORRECT /
/ANSWERS(S)✔✔county /
/assessors /
21
/ /
Appraising
/ /
Real
/ /
Estate Exam Questions With Correct Answers
/ // // // // //
Appraisal //- /
/CORRECT /
/ANSWERS(S)✔✔an /
/estimate //or //opinion //of //value //based //on //supportable //evidence. //and //approved //methods.
Appraiser //- /
/CORRECT //ANSWERS(S)✔✔is //an //independent //professional //trained //to //provide //an //unbiased
//estimate /
/of //value //in //an //impartial //and //objective //manner, //according //to //the //appraisal //process.
Uniform /
/Standards /
/of /
/Professional /
/Appraisal /
/Practice /
/(USPAP) //- /
/CORRECT /
/ANSWERS(S)✔✔A /
/set /
/of /
/standards /
/that /
/details /
,/information /
/required /
/of /
/an /
/appraisal /
/of /
/residential /
/property. /
/The //Uniform //Residential //Appraisal //Report //is //required //by //many //government //agencies.
certified /
/general /
/real /
/estate /
/appraiser //- /
/CORRECT /
/ANSWERS(S)✔✔permitted /
/to /
/appraise //any //residential //or //nonresidential //property. //An //individual //who //is //certified //under
//the /
/state /
/Certified /
/Appraisers /
/Act /
/to /
/perform /
/appraisals /
/of //any //type //or //value //of //property //for //federally //related //real //estate //transactions.
certified /
/residential /
/real /
/estate /
/appraiser //- /
/CORRECT /
/ANSWERS(S)✔✔permitted /
, /to /
/appraise /
/only /
/residential /
/property /
/of /
/one /
/to //four //units, //regardless //of //whether //the //transaction //is //federally //or //nonfederally //related.
broker/
appraiser //- /
/CORRECT /
/ANSWERS(S)✔✔A /
/real /
/estate /
/broker /
/who /
/is /
/licensed /
/by /
/the /
/Certified /
/Appraisers /
/Act /
/in /
/Pennsylvania /
/to /
/perform //appraisals //on //properties //for //nonfederally //related //transactions //under //$250,000.
Certified /
/Pennsylvania /
/Evaluator /
/(CPE) //- /
/CORRECT /
/ANSWERS(S)✔✔county /
/assessors /
