Section 39 unit 6 exam asa complete questions and answers |
updated
1. What does the Financial Institutions Reform, Recovery, Federally related
ap-
and Enforcement Act require? praisals must be
A. Federally related appraisals must be conducted conduct- ed by an
by an appraiser who's either licensed or certified appraiser who's either
by the state.
B. Federally related transactions need not be licensed or certified
ap- praised. by the state.
C. Non-federally related transactions must be
ap- praised by government employees.
D. Real estate licensees who perform appraisals
must have a federal security clearance.
2. Which of these statements describes USPAP
and its use?
A. It provides an overview of the state of the
appraisal industry, updated every two years.
B. It provides consumers with an understanding It provides guidelines
of what appraisers do in their real estate for conducting and
transaction. reporting an
C. It provides guidelines for conducting and
reporting an appraisal. appraisal.
D. It provides rules and datasets for finding the
value of real estate.
3. What national organization is responsible for develop- The Appraisal
Foundation
ing and enforcing appraisal standards and (TAF)
appraiser qualifications?
A. Housing and Urban Development (HUD)
B. National Association of REALTORS® (NAR)
C. The Appraisal Foundation (TAF)
D. The Appraisal Standards Agency (ASA)
4.
1/
6
, Section 39 unit 6 exam asa complete questions and answers |
updated
Which document describes ethical standards for Uniform Standards of
con- ducting real estate appraisals?
Pro- fessional
A. National Appraisal Standards
Appraisal Prac- tice
B. Real Estate Appraisals and You
C. Uniform Standards of Professional Appraisal
Prac- tice
D.Universal Standards for Ethical Real Estate
Valuation
5. What entity licenses appraisers in Indiana? The Real Estate
A. The Appraisal Qualification Board Appraiser Licensure and
B. The Indiana Appraisal Foundation Certification Board
C. The Real Estate Appraiser Licensure and
Certifica- tion Board
D. The State Appraisal Commission
6. real property appraiser is allowed to A certified general
perform appraisals on any type of real estate.
A. A certified general
B. A certified residential
C. A licensed residential
D. An apprentice
7. Appraisers and real estate licensees conducting
ap- praisals are expected to . Remain impartial and
A. Advocate for the client and find a value that find an independent
assists in closing the transaction opinion of value
B. Remain impartial and find an independent
opinion of value
C.Use values provided in USPAP, according to
property type and region
D. Verify all opinions of value through the
Appraisal Foundation
2/
6
updated
1. What does the Financial Institutions Reform, Recovery, Federally related
ap-
and Enforcement Act require? praisals must be
A. Federally related appraisals must be conducted conduct- ed by an
by an appraiser who's either licensed or certified appraiser who's either
by the state.
B. Federally related transactions need not be licensed or certified
ap- praised. by the state.
C. Non-federally related transactions must be
ap- praised by government employees.
D. Real estate licensees who perform appraisals
must have a federal security clearance.
2. Which of these statements describes USPAP
and its use?
A. It provides an overview of the state of the
appraisal industry, updated every two years.
B. It provides consumers with an understanding It provides guidelines
of what appraisers do in their real estate for conducting and
transaction. reporting an
C. It provides guidelines for conducting and
reporting an appraisal. appraisal.
D. It provides rules and datasets for finding the
value of real estate.
3. What national organization is responsible for develop- The Appraisal
Foundation
ing and enforcing appraisal standards and (TAF)
appraiser qualifications?
A. Housing and Urban Development (HUD)
B. National Association of REALTORS® (NAR)
C. The Appraisal Foundation (TAF)
D. The Appraisal Standards Agency (ASA)
4.
1/
6
, Section 39 unit 6 exam asa complete questions and answers |
updated
Which document describes ethical standards for Uniform Standards of
con- ducting real estate appraisals?
Pro- fessional
A. National Appraisal Standards
Appraisal Prac- tice
B. Real Estate Appraisals and You
C. Uniform Standards of Professional Appraisal
Prac- tice
D.Universal Standards for Ethical Real Estate
Valuation
5. What entity licenses appraisers in Indiana? The Real Estate
A. The Appraisal Qualification Board Appraiser Licensure and
B. The Indiana Appraisal Foundation Certification Board
C. The Real Estate Appraiser Licensure and
Certifica- tion Board
D. The State Appraisal Commission
6. real property appraiser is allowed to A certified general
perform appraisals on any type of real estate.
A. A certified general
B. A certified residential
C. A licensed residential
D. An apprentice
7. Appraisers and real estate licensees conducting
ap- praisals are expected to . Remain impartial and
A. Advocate for the client and find a value that find an independent
assists in closing the transaction opinion of value
B. Remain impartial and find an independent
opinion of value
C.Use values provided in USPAP, according to
property type and region
D. Verify all opinions of value through the
Appraisal Foundation
2/
6
