PA APPRAISERS LICENSE ACTUAL PAPER 2026 QUESTIONS WITH ANSWERS GRADED A+

PA APPRAISERS LICENSE ACTUAL PAPER
2026 QUESTIONS WITH ANSWERS GRADED
A+

●● Accrued Depreciation.
Answer: the total depreciation from all causes taken on an asset from the
time of purchase to the present


●● External Obsolescence.
Answer: loss in value as a result of impairment in utility and desirability
caused by factors external to the property


●● USPAP.
Answer: Uniform Standards of Professional Appraisal Practice


●● Intangible Property.
Answer: nonphysical assets, including but not limited to franchises,
trademarks, patents, copyrights. (something we can't see)


●● Market Value.
Answer: A type of value, stated as an opinion, that presumes the transfer
of a property.

, ●● Ethics Rule:.
Answer: An appraiser must promote and preserve the public trust
inherent in appraisal practice by observing the highest standards of
professional ethics.


●● An appraiser must:.
Answer: perform assignments with impartiality, objectivity, and
independence, and without accommodation of personal interests.


●● How many years must an appraiser retain a work file?.
Answer: a period of at least 5 years after preparation, or at least 2 years
after the final disposition.


●● An appraiser must be.....
Answer: competent to perform the assignment, acquire the necessary
competency to perform the assignment, or decline or withdraw from the
assignment.


●● Apex on the street.
Answer: 35%


●● Apex in the rear.
Answer: 65%