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Exam (elaborations)

MCKISSOCK-RESIDENTIAL PROPERTY INSPECTION FOR APPRAISERS QUESTIONS WITH COMPLETE ANSWERS

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MCKISSOCK-RESIDENTIAL PROPERTY INSPECTION FOR APPRAISERS QUESTIONS WITH COMPLETE ANSWERS

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When inspecting the subject property for an FHA loan, when should an appraiser NOT
operate the air conditioning system?


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When weather conditions do not permit operation

,A retrospective appraisal is one in which:


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The effective date occurred sometime in the past




Which statement about Romex® wiring is TRUE?


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Romex® is a brand name for one type of non-metallic wire




When making an interior inspection for a typical mortgage lending appraisal, an
appraiser is expected to:


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Perform none of these actions




Which of these conditions is NOT listed in the HUD Handbook as a condition that would
require an inspection by a qualified professional?


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, A cracked sidewalk




Which of these is the strongest indicator that there might potentially be an easement
across the subject property?


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A driveway that crosses the subject property for an adjoining property




A client requires an appraiser to provide a cost of cure for a deficiency that the appraiser
observed in the subject property. What is the best advice you could give this appraiser?


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Provide the cost to cure estimate as a range




A dwelling was constructed in 1975, and is being inspected by an FHA appraiser. The
appraiser must note defective paint surfaces on __________ and require that they be
repaired.


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The interior and exterior of the dwelling as well as fences, garages, and
outbuildings

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