mckissock basic appraisal principles| 190 QUESTIONS| WITH COMPLETE

grant deed CORRECT ANSWERS: deed containing, or having implied by law, some but not all of the usual covenants of title Appraiser CORRECT ANSWERS: One who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective. report CORRECT ANSWERS: any communication, written or oral, of an appraisal or appraisal review that is transmitted to the client or a party authorized by the client upon completion of an assignment. narrative report CORRECT ANSWERS: A written communication of the results of a valuation or review assignment presented to the client in narrative style rather than on a form or orally. The AQB CORRECT ANSWERS: charged with establishing the qualifications that all the states must meet in licensing, certification and re-certification of appraisers. january 8th, 2008 CORRECT ANSWERS: Major changes to the Criteria went into effect May 1, 2018 CORRECT ANSWERS: Additional revisions were made effective four components of the Real Property Appraiser Qualification Criteria CORRECT ANSWERS: qualifying ed, education, examinations, continuing ed The Appraisal Foundation CORRECT ANSWERS: not-for-profit organization, established exclusively for educational and scientific purposes. After The Appraisal Foundation was formed, the Uniform Standards of Professional Appraisal Practice CORRECT ANSWERS: was formally adopted by the Appraisal Standards Board (ASB) in January 1989. The Appraisal Foundation has three principal boards: CORRECT ANSWERS: Board of Trustees (BOT) Appraisal Standards Board (ASB) Appraiser Qualifications Board (AQB) The BOT CORRECT ANSWERS: acts as an executive board for the Foundation. The ASB CORRECT ANSWERS: responsible for creating standards for ethics and performance of appraisers. Uniform Standards of Professional Appraisal Practice