CORRECT ANSWERS|LATEST !!!!2026|GRADED
You believe an amendment to the Appraiser Licensing Law should be made. Who has the
power to make this amendment?
The state legislature
The governor's office
The FL real estate appraiser board
The appraisal foundation - ANSWER The state legislature
Under the Powers of the Board, the provisions authorize the Board to enact rules to:
-License mortgage brokers
-Protect signature security
-Revise 475 part II without legislature approval
-Prosecute loan originators for ethics violations - ANSWER Protect signature security
How many members are on the Florida Real Estate Appraisal Board?
3
5
7
9 - ANSWER 9
1
,An appraisal management company is permitted to:
-Ask an appraiser to correct factual errors
-Provide an appraiser with stock or nonfinancial benefits
-Threaten to withhold future business from an appraiser
-Alter an appraisal report if needed - ANSWER Ask an appraiser to correct factual
errors
At the time of filing an application for registration of an AMC, all persons required to make
application must:
Sign a pledge to comply with USPAP
Pay a non-refundable fee of $500
Register with the Department of Banking and Finance
Provide proof of membership in TAVMA - ANSWER Sign a pledge to comply with
USPAP
An exception to the AMC registration requirement would be a (an):
Appraiser cooperative
Appraisal portal
Mortgage technology company
Individual employee of an AMC - ANSWER Individual employee of an AMC
An appraiser prepared and delivered a report in September 2019 and testified about the
appraisal report in May 2020. Final disposition of the case occurred in January 2021. Under
475.629, the appraiser keep the workfile until:
keep the workfile until:
2
, May 2023
September 2024
May 2025
September 2026 - ANSWER September 2024
A person who contracts with an appraiser or appraisal management company for the
performance of appraisal services is defined as the:
AMC manager
Borrower
Client
Contractor - ANSWER Client
I last renewed my appraiser's license in November 2012. I want to appraise again. Which of
the following is true?
-I need to submit a letter to FREAB requesting reactivation
-I cannot appraise until I meet all the requirements for initial registration
-I must pay the current renewal fee for each period I was inactive, in addition to any
applicable late renewal fee to reactive my license
-Paying the current renewal fee for each period I was inactive will automatically reactive my
license - ANSWER I cannot appraise until I meet all the requirements for initial
registration
An appraiser must retain records for any appraisal service for a minimum of how many
years?
2
3
You believe an amendment to the Appraiser Licensing Law should be made. Who has the
power to make this amendment?
The state legislature
The governor's office
The FL real estate appraiser board
The appraisal foundation - ANSWER The state legislature
Under the Powers of the Board, the provisions authorize the Board to enact rules to:
-License mortgage brokers
-Protect signature security
-Revise 475 part II without legislature approval
-Prosecute loan originators for ethics violations - ANSWER Protect signature security
How many members are on the Florida Real Estate Appraisal Board?
3
5
7
9 - ANSWER 9
1
,An appraisal management company is permitted to:
-Ask an appraiser to correct factual errors
-Provide an appraiser with stock or nonfinancial benefits
-Threaten to withhold future business from an appraiser
-Alter an appraisal report if needed - ANSWER Ask an appraiser to correct factual
errors
At the time of filing an application for registration of an AMC, all persons required to make
application must:
Sign a pledge to comply with USPAP
Pay a non-refundable fee of $500
Register with the Department of Banking and Finance
Provide proof of membership in TAVMA - ANSWER Sign a pledge to comply with
USPAP
An exception to the AMC registration requirement would be a (an):
Appraiser cooperative
Appraisal portal
Mortgage technology company
Individual employee of an AMC - ANSWER Individual employee of an AMC
An appraiser prepared and delivered a report in September 2019 and testified about the
appraisal report in May 2020. Final disposition of the case occurred in January 2021. Under
475.629, the appraiser keep the workfile until:
keep the workfile until:
2
, May 2023
September 2024
May 2025
September 2026 - ANSWER September 2024
A person who contracts with an appraiser or appraisal management company for the
performance of appraisal services is defined as the:
AMC manager
Borrower
Client
Contractor - ANSWER Client
I last renewed my appraiser's license in November 2012. I want to appraise again. Which of
the following is true?
-I need to submit a letter to FREAB requesting reactivation
-I cannot appraise until I meet all the requirements for initial registration
-I must pay the current renewal fee for each period I was inactive, in addition to any
applicable late renewal fee to reactive my license
-Paying the current renewal fee for each period I was inactive will automatically reactive my
license - ANSWER I cannot appraise until I meet all the requirements for initial
registration
An appraiser must retain records for any appraisal service for a minimum of how many
years?
2
3
