PA Certified Evaluator Updated Exam |
Questions and Answers| Latest 2026/ 2027 Update
|100 out of 100 (Grade A)
Depreciation
loss in value from cost new from all causes for property having a limited economic life.
(a) Loss due to wear and tear
(b) Presence of features that are deficient
(c) Excessive, currently undesirable
(d) External factors causing loss in value
Accrued Depreciation
the total depreciation from all causes taken on an asset from the time of purchase to the present
External Obsolescence
loss in value as a result of impairment in utility and desirability caused by factors external to the
property
USPAP
Uniform Standards of Professional Appraisal Practice
Intangible Property
, PA Certified Evaluator Updated Exam |
Questions and Answers| Latest 2026/ 2027 Update
|100 out of 100 (Grade A)
nonphysical assets, including but not limited to franchises, trademarks, patents, copyrights.
(something we can't see)
Market Value
A type of value, stated as an opinion, that presumes the transfer of a property.
Ethics Rule:
An appraiser must promote and preserve the public trust inherent in appraisal practice by
observing the highest standards of professional ethics.
An appraiser must:
perform assignments with impartiality, objectivity, and independence, and without
accommodation of personal interests.
How many years must an appraiser retain a work file?
a period of at least 5 years after preparation, or at least 2 years after the final disposition.
An appraiser must be....
competent to perform the assignment, acquire the necessary competency to perform the
assignment, or decline or withdraw from the assignment.
Questions and Answers| Latest 2026/ 2027 Update
|100 out of 100 (Grade A)
Depreciation
loss in value from cost new from all causes for property having a limited economic life.
(a) Loss due to wear and tear
(b) Presence of features that are deficient
(c) Excessive, currently undesirable
(d) External factors causing loss in value
Accrued Depreciation
the total depreciation from all causes taken on an asset from the time of purchase to the present
External Obsolescence
loss in value as a result of impairment in utility and desirability caused by factors external to the
property
USPAP
Uniform Standards of Professional Appraisal Practice
Intangible Property
, PA Certified Evaluator Updated Exam |
Questions and Answers| Latest 2026/ 2027 Update
|100 out of 100 (Grade A)
nonphysical assets, including but not limited to franchises, trademarks, patents, copyrights.
(something we can't see)
Market Value
A type of value, stated as an opinion, that presumes the transfer of a property.
Ethics Rule:
An appraiser must promote and preserve the public trust inherent in appraisal practice by
observing the highest standards of professional ethics.
An appraiser must:
perform assignments with impartiality, objectivity, and independence, and without
accommodation of personal interests.
How many years must an appraiser retain a work file?
a period of at least 5 years after preparation, or at least 2 years after the final disposition.
An appraiser must be....
competent to perform the assignment, acquire the necessary competency to perform the
assignment, or decline or withdraw from the assignment.
