BASIC APPRAISAL PRINCIPLESCHAPTER 2 EXAM | WITH 100% CORRECT ANSWERS | GRADED +

By what year professional appraisal organizations were providing education programs and touting codes of ethics, in an effort to project a professional image and foster public recognition and trust in their members. ANSWER: 1960 What year the secondary market emerged ANSWER: During the latter part of the 1970s When did the first groups of organized appraisers appear in the U.S.? ANSWER: the 1930s In 1987, what did eight U.S. appraisal organizations form? ANSWER: The Appraisal Foundation In the 1970s, who developed uniform rules for mortgage underwriting? ANSWER: Fannie Mae and Freddie Mac What event immediately preceded the Great Depression? ANSWER: Stock Market Crash of 1929 Does the Appraisal Foundation has significant legal authority to enforce USPAP. ANSWER: No Does the Board of Trustees acts as the executive board for The Appraisal Foundation. ANSWER: Yes What is disintermediation? ANSWER: the transfer of money from low interest-bearing accounts to higher interestbearing accounts) Who retains final authority over revisions to USPAP? ANSWER: the Appraisal Standards Boar