mckissock basic appraisal principles
grant deed - ....🔰VERIFIED ANSWERS.... ✔✔deed containing, or having
implied by law, some but not all of the usual covenants of title
Appraiser - ....🔰VERIFIED ANSWERS.... ✔✔One who is expected to perform
valuation services competently and in a manner that is independent, impartial,
and objective.
report - ....🔰VERIFIED 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 - ....🔰VERIFIED 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 - ....🔰VERIFIED ANSWERS.... ✔✔charged with establishing the
qualifications that all the states must meet in licensing, certification and re-
certification of appraisers.
january 8th, 2008 - ....🔰VERIFIED ANSWERS.... ✔✔Major changes to the
Criteria went into effect
May 1, 2018 - ....🔰VERIFIED ANSWERS.... ✔✔Additional revisions were
made effective
,four components of the Real Property Appraiser Qualification Criteria - ....🔰
VERIFIED ANSWERS.... ✔✔qualifying ed, education, examinations,
continuing ed
The Appraisal Foundation - ....🔰VERIFIED 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 - ....🔰VERIFIED ANSWERS.... ✔✔was
formally adopted by the Appraisal Standards Board (ASB) in January 1989.
The Appraisal Foundation has three principal boards: - ....🔰VERIFIED
ANSWERS.... ✔✔Board of Trustees (BOT)
Appraisal Standards Board (ASB)
Appraiser Qualifications Board (AQB)
The BOT - ....🔰VERIFIED ANSWERS.... ✔✔acts as an executive board for the
Foundation.
The ASB - ....🔰VERIFIED ANSWERS.... ✔✔responsible for creating standards
for ethics and performance of appraisers.
Uniform Standards of Professional Appraisal Practice (USPAP) - ....🔰
VERIFIED ANSWERS.... ✔✔was developed by the Ad Hoc Committee in 1986
and 1987 and was copyrighted in 1987 by The Appraisal Foundation.
, At its first meeting in 1989, the Appraisal Standards Board (ASB) - ....🔰
VERIFIED ANSWERS.... ✔✔adopted USPAP as the governing document.
USPAP may be - ....🔰VERIFIED ANSWERS.... ✔✔amended, interpreted,
supplemented, or retired only by the ASB.
Congress recognized USPAP - ....🔰VERIFIED ANSWERS.... ✔✔as the
generally recognized standards of practice in the appraisal profession in Title
XI of the Financial Institutions Reform
the Appraisal Subcommittee (ASC) - ....🔰VERIFIED ANSWERS.... ✔✔is a
federal entity with oversight authority over the state licensing and certification
agencies
AMCs - ....🔰VERIFIED ANSWERS.... ✔✔appraisal management companies
The Board of Trustees - ....🔰VERIFIED ANSWERS.... ✔✔omposed of 21
individuals responsible for funding The Appraisal Foundation and appointing
the members to The Appraisal Foundation's other boards - the Appraisal
Standards Board and the Appraiser Qualifications Board.
TAFAC - ....🔰VERIFIED ANSWERS.... ✔✔Appraisal Foundation Advisory
Council
iac - ....🔰VERIFIED ANSWERS.... ✔✔Industry Advisory Council
grant deed - ....🔰VERIFIED ANSWERS.... ✔✔deed containing, or having
implied by law, some but not all of the usual covenants of title
Appraiser - ....🔰VERIFIED ANSWERS.... ✔✔One who is expected to perform
valuation services competently and in a manner that is independent, impartial,
and objective.
report - ....🔰VERIFIED 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 - ....🔰VERIFIED 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 - ....🔰VERIFIED ANSWERS.... ✔✔charged with establishing the
qualifications that all the states must meet in licensing, certification and re-
certification of appraisers.
january 8th, 2008 - ....🔰VERIFIED ANSWERS.... ✔✔Major changes to the
Criteria went into effect
May 1, 2018 - ....🔰VERIFIED ANSWERS.... ✔✔Additional revisions were
made effective
,four components of the Real Property Appraiser Qualification Criteria - ....🔰
VERIFIED ANSWERS.... ✔✔qualifying ed, education, examinations,
continuing ed
The Appraisal Foundation - ....🔰VERIFIED 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 - ....🔰VERIFIED ANSWERS.... ✔✔was
formally adopted by the Appraisal Standards Board (ASB) in January 1989.
The Appraisal Foundation has three principal boards: - ....🔰VERIFIED
ANSWERS.... ✔✔Board of Trustees (BOT)
Appraisal Standards Board (ASB)
Appraiser Qualifications Board (AQB)
The BOT - ....🔰VERIFIED ANSWERS.... ✔✔acts as an executive board for the
Foundation.
The ASB - ....🔰VERIFIED ANSWERS.... ✔✔responsible for creating standards
for ethics and performance of appraisers.
Uniform Standards of Professional Appraisal Practice (USPAP) - ....🔰
VERIFIED ANSWERS.... ✔✔was developed by the Ad Hoc Committee in 1986
and 1987 and was copyrighted in 1987 by The Appraisal Foundation.
, At its first meeting in 1989, the Appraisal Standards Board (ASB) - ....🔰
VERIFIED ANSWERS.... ✔✔adopted USPAP as the governing document.
USPAP may be - ....🔰VERIFIED ANSWERS.... ✔✔amended, interpreted,
supplemented, or retired only by the ASB.
Congress recognized USPAP - ....🔰VERIFIED ANSWERS.... ✔✔as the
generally recognized standards of practice in the appraisal profession in Title
XI of the Financial Institutions Reform
the Appraisal Subcommittee (ASC) - ....🔰VERIFIED ANSWERS.... ✔✔is a
federal entity with oversight authority over the state licensing and certification
agencies
AMCs - ....🔰VERIFIED ANSWERS.... ✔✔appraisal management companies
The Board of Trustees - ....🔰VERIFIED ANSWERS.... ✔✔omposed of 21
individuals responsible for funding The Appraisal Foundation and appointing
the members to The Appraisal Foundation's other boards - the Appraisal
Standards Board and the Appraiser Qualifications Board.
TAFAC - ....🔰VERIFIED ANSWERS.... ✔✔Appraisal Foundation Advisory
Council
iac - ....🔰VERIFIED ANSWERS.... ✔✔Industry Advisory Council
