pennsylvania certified
evaluator Questions and
Complete Solutions Graded A+
supply and demand - Answer: high demand low supply = increase
low demand high supply = decrease
intangible - Answer: cant be seen or touched
scope of work rule - Answer: 1.find problem to be solved
2.determine & perform the scope of work necessary to develop credible assignment results
3. disclose the scope of work in the report
base year - Answer: effective date of the appaisers opinion is on
ethic rule - Answer: 1.an appraiser must promote & perserve the public trust
2.highest standards of professional ethics
3. conduct, managemant, confidentiality
appraiser must act competenty and in a manner that is - Answer: independent, impartial, objective
what does uspap stand for - Answer: uniform standards of the proffessional appraisal practice
5 parts of uspap - Answer: 1.definition
2. rules
3. preamble
4. standards
5. statements
, workfile - Answer: documents necessary to support amd appraisers opinion of value.
* all data collected to come to the value
value - Answer: present worth of future
valuation service - Answer: service peratining to aspect of property value
signature - Answer: person accepting the responsibilty of content, analyses, conclusion
scope of work - Answer: research analysis in an appraisal or appraisal review assignment
* steps to get it done
report - Answer: communication, written or oral appraisal review transmitted to client
real property - Answer: real estate & all rights both tangible and intangible
the interest, benefits, and the rights inherent in the ownership of real estate
real estate - Answer: indentified parcel of land
price - Answer: the amount asked, offered, or paid for property
personal property - Answer: tangible objects, moveable items not affixed
mass appraisal model - Answer: mathematical expression
1 acre = _____ square feet - Answer: 43,560
our deed descriptions are of - Answer: meets and bounds
evaluator Questions and
Complete Solutions Graded A+
supply and demand - Answer: high demand low supply = increase
low demand high supply = decrease
intangible - Answer: cant be seen or touched
scope of work rule - Answer: 1.find problem to be solved
2.determine & perform the scope of work necessary to develop credible assignment results
3. disclose the scope of work in the report
base year - Answer: effective date of the appaisers opinion is on
ethic rule - Answer: 1.an appraiser must promote & perserve the public trust
2.highest standards of professional ethics
3. conduct, managemant, confidentiality
appraiser must act competenty and in a manner that is - Answer: independent, impartial, objective
what does uspap stand for - Answer: uniform standards of the proffessional appraisal practice
5 parts of uspap - Answer: 1.definition
2. rules
3. preamble
4. standards
5. statements
, workfile - Answer: documents necessary to support amd appraisers opinion of value.
* all data collected to come to the value
value - Answer: present worth of future
valuation service - Answer: service peratining to aspect of property value
signature - Answer: person accepting the responsibilty of content, analyses, conclusion
scope of work - Answer: research analysis in an appraisal or appraisal review assignment
* steps to get it done
report - Answer: communication, written or oral appraisal review transmitted to client
real property - Answer: real estate & all rights both tangible and intangible
the interest, benefits, and the rights inherent in the ownership of real estate
real estate - Answer: indentified parcel of land
price - Answer: the amount asked, offered, or paid for property
personal property - Answer: tangible objects, moveable items not affixed
mass appraisal model - Answer: mathematical expression
1 acre = _____ square feet - Answer: 43,560
our deed descriptions are of - Answer: meets and bounds
