PA Certified Evaluator Exam Questions With Correct Answers.

PA /




Certified
/ /




Evaluator
/ /




Exam Questions With Correct Answers
/ // // // //




Depreciation //- /
/CORRECT /


/ANSWERS(S)✔✔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 //- /


/CORRECT /


/ANSWERS(S)✔✔the /


/total /


/depreciation /


/from //all //causes //taken //on //an //asset //from //the //time //of //purchase //to //the //present




External /
/Obsolescence //- /


/CORRECT /


/ANSWERS(S)✔✔loss //in //value //as //a //result //of //impairment //in //utility //and //desirability //caused


//by //factors //external //to //the //property

, USPAP //- //CORRECT //ANSWERS(S)✔✔Uniform //Standards //of //Professional //Appraisal //Practice



Intangible /
/Property //- /


/CORRECT /


/ANSWERS(S)✔✔nonphysical /


/assets, /


/including /


/but //not //limited //to //franchises, //trademarks, //patents, //copyrights. //(something //we //can't //see)




Market /
/Value //- /


/CORRECT /


/ANSWERS(S)✔✔A /


/type //of //value, //stated //as //an //opinion, //that //presumes //the //transfer //of //a //property.




Ethics /
/Rule: //- /


/CORRECT /


/ANSWERS(S)✔✔An /


/appraiser /


/must /


/promote /


/and /


/preserve /


/the /


/public /


/trust /


/inherent //in //appraisal //practice //by //observing //the //highest //standards //of //professional //ethics.




An /
/appraiser /


/must: //- /


/CORRECT /