General Report Writing & Case Studies (McKissock) COMPREHENSIVE QUIZ QUESTIONS with Correct Answers 100% Pass

General Report Writing & Case Studies (McKissock) COMPREHENSIVE QUIZ QUESTIONS with Correct Answers 100% Pass As part of your appraisal scope of work, you decided not to perform certain research or take actions that you felt inappropriate, but that may be expected by an intended user. Where would you explain that in your narrative report? - In the scope of work When explaining the kitchen featured in an apartment unit, what should the appraiser summarize? - All of the appliances, if the cooking is gas or electric, the cabinetry, the countertops and back splash, the sink and faucet When performing an appraisal of a recreational or resort hotel location, which of the following would the intended user be most interested in knowing about the property's location? - The location and proximity to the recreational area they provide or are close to If you use and disclose an extraordinary assumption or hypothetical condition what else does USPAP require you to do in your Appraisal Report? - State that the use of the extraordinary assumption or hypothetical condition might have affected the assignment results Applying "best practice", where should a table of contents appear in an Appraisal Report? - After the transmittal letter Where can an appraiser find the information to summarize a site's flood plain location/classification? - By obtaining or reviewing a FEMA flood plain map 2100% Pass Guarantee Emily Charlene All Rights Reserved © 2025 If public water and sewer is not currently available to the site, what should an appraiser investigate and (if appropriate) summarize? - If public water and sewer will ever be available in the near future When appraising an industrial or flex style industrial-office building why is it important to summarize the amount of space that is finished as office space? - Because it will affect the way the appraiser develops and analyzes the rental income in the income approach as it is affected by the percentage of finished office space What is a good way to show and explain the mix and type of units of an apartment as well as their sizes? - By outlining the information in "mini-grid" form in the narrative When describing an industrial or flex style building, if they exist, why should knock out panels be summarized? - Because they afford leasing flexibility as they can be easily knocked out to accommodate the installation of additional truck dock doors or access ways between adjoining spaces When providing a summary of the subject site, what should the appraiser be sure to do? - Include all of the meaningful aspects associated with the subject's parcel of land The essential difference between the two reporting options comes down to two words: - Summarize & State When providing an aerial photograph, photograph of the subject building, or map as a visual aid to show the subject, how should you always identify the subject? - Outlined in red or with a red colored arrow pointing to it What term can be applied to summarize the dock shelters, load levelers, trailer restraints, bollards and bumpers of industrial buildings? - Loading dock appointments 3100% Pass Guarantee Emily Charlene All Rights Reserved © 2025 The Comment to STANDARD 2 of USPAP says the form, format, and style of a report are functions of the needs of ____________________. - Intended users and appraisers Before writing your conclusion about the present or future growth or decline of area, which of the following is a good question to ask yourself? - Will the area's growth stop momentarily or continue into the foreseeable future? Today, on-site parking is critical to most properties. When summarizing a site's parking what should an appraiser always include? - The number of spaces, the appropriate ratio per unit, per room of per square foot of building area and compliance with the zoning code. When you are writing a conclusion to a micro area description portion of your location and surroundings, which of the following is a good question to ask yourself to help develop your conclusory paragraph? - How will the community's projected growth, stagnant growth or decline impact the subject? Which of the following explains the purpose of the transmittal letter in an Appraisal Report? - To highlight and summarize key aspects of