Supervisor-Trainee Course for Ohio McKissock Practice Questions and Answers

Supervisor-Trainee Course for Ohio McKissock Practice Questions and Answers Currently, what is the annual national registry fee per appraiser? $40 The Dodd-Frank Act of 2010 requires the ASC to create and maintain a national registry of: Appraisal management companies Which statement BEST describes The Appraisal Foundation? It is a non-profit organization established for educational and scientific purposes. Which law mandated that all states must establish a program for appraiser licensing and certification? FIRREA An appraiser contacts the ASC's National Complaint Hotline because she believes an AMC has attempted to improperly influence her. What can the appraiser expect the hotline to do? Provide a referral for a complaint Which of these is NOT a function performed by professional appraiser organizations? Issuing appraisal credentials Which was NOT a direct result of the passage of FIRREA? The Appraisal Foundation was established An individual submits an application to become a certified appraiser. Who is responsible for approving or disapproving the application? The state appraisal regulatory agency How often do ASC representatives perform an on-site review of each state's appraisal licensing and certification program? Every two years The ASC is composed of members appointed by the four federal financial institution regulatory agencies, plus the Bureau of Consumer Financial Protection, the Federal Housing Finance Agency, and _____________. Department of Housing and Urban Development Which board within The Appraisal Foundation is responsible for establishing requirements for appraiser licensure and certification? Appraiser Qualifications Board (AQB) Who is responsible for appointing members to the Appraiser Qualifications Board? The Board of Trus