Mckissock basic appraisal principles Study guides, Class notes & Summaries

Mckissock Basic Appraisal Principles Exam Questions and Answers Latest Update 2024/2025 | Graded A+. Appraiser - ANSWER One who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective. report - ANSWER any communication, written or oral, of an appraisal or appraisal review that is transmitted to the client or a party authorized by the client upon completion of an assignment. narrative report - ANSWER A written communication of the r...

McKissock Basic Appraisal Principles Exam Questions With Correct Answers Latest 2024/2025 (Graded A+) Which entity is responsible for establishing the requirements to become an appraiser? CORRECT ANSWERS: the AQB True or False: An applicant for Certified General appraiser must possess at least an associate's degree from an accredited college or university. CORRECT ANSWERS: False The requirements for state licensed and certified appraisers had their genesis in CORRECT ANSWERS: FIRREA An ap...

Mckissock Basic Appraisal Principles Exam Questions and Answers Latest Update 2024/2025 Graded A+. grant deed - ANSWER deed containing, or having implied by law, some but not all of the usual covenants of title Appraiser - ANSWER One who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective. report - ANSWER any communication, written or oral, of an appraisal or appraisal review that is transmitted to the client or a party authori...

McKissock Basic Appraisal Principles Exam QUESTIONS With Answers Latest 2024/2025 Graded A+. The primary purpose of USPAP is to protect CORRECT ANSWERS: public trust Normally the first step in highest and best use analysis is to research the uses that are CORRECT ANSWERS: legally permissible An appraiser is appraising a property with two structures on one tract of land. The client asks the appraiser not to mention the second structure, as it is in poor condition. Which statement is TRUE reg...

McKissock Basic Appraisal Principles I Final Exam Quiz 2024 Answers ASC (Appraisal Subcommittee) - ANSWER- The _____ has oversight authority over state appraisal boards. consideration, in writing and signed, and lawful objective - ANSWER- Which of the below is a requirement of a valid real estate contract? capital - ANSWER- "The interaction of buyers and sellers who trade long-term or intermediate-term money instruments" is the definition of the _____________ market. market study - A...

mckissock basic appraisal principles Exam Marking Scheme grant deed - ANSWER- deed containing, or having implied by law, some but not all of the usual covenants of title Appraiser - ANSWER- One who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective. report - ANSWER- any communication, written or oral, of an appraisal or appraisal review that is transmitted to the client or a party authorized by the client upon completion ...

Mckissock Basic Appraisal Principles Exam Questions and Answers Latest Update 2024/2025 Graded A+. grant deed - ANSWER deed containing, or having implied by law, some but not all of the usual covenants of title Appraiser - ANSWER One who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective. report - ANSWER any communication, written or oral, of an appraisal or appraisal review that is transmitted to the client or a party authori...

An appraiser paid a referral fee in conjunction with an assignment. Which statement is TRUE regarding this situation, according to USPAP? correct answersThe appraiser must disclose that a fee was paid, but does not have to disclose the amount paid. An appraiser finds out after completing an appraisal that the lender/client's loan did not close. What should the appraiser do regarding the appraisal fee? correct answersCharge the agreed-upon fee regardless of whether the loan closed An appra...

grant deed correct answersdeed containing, or having implied by law, some but not all of the usual covenants of title Appraiser correct answersOne who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective. report correct answersany communication, written or oral, of an appraisal or appraisal review that is transmitted to the client or a party authorized by the client upon completion of an assignment. narrative report correct ...

McKissock Basic Appraisal Principles | 519 QUESTIONS With Answers Latest 2024/2025 Graded A+. The primary purpose of USPAP is to protect CORRECT ANSWERS: public trust Normally the first step in highest and best use analysis is to research the uses that are CORRECT ANSWERS: legally permissible An appraiser is appraising a property with two structures on one tract of land. The client asks the appraiser not to mention the second structure, as it is in poor condition. Which statement is TRUE re...