MCKISSOCK APPRAISAL PRINCIPLES COMPREHENSIVE
EXAM 2025/2026 QUESTIONS WITH ANSWERS MARKED
A+
✔✔omit the client's identity from the report but identify the client in the workfile - ✔✔A
client asks an appraiser to omit the client's identity from the appraisal report. What can
the appraiser do?
✔✔transferable development - ✔✔A development right that cannot be used by the
landowner, or that the owner chooses not to use, but can be sold to landowners in
another location" are called _____________ rights
✔✔FDIC,OCC,FRB - ✔✔The federal financial institutions regulatory agencies directly
involved in fair lending include all of the following
✔✔directly, proportionately - ✔✔The principle of supply and demand states that the
price of a commodity, good, or service varies __________, but not necessarily
_____________, with demand.
✔✔The Appraisal Subcommittee - ✔✔Which entity is responsible for monitoring state
appraiser licensing and certification agencies?
✔✔executory - ✔✔A(n) __________ contract is one that is not been fully performed or
completed.
✔✔encroachment - ✔✔Trespassing on the domain of another" is the definition of
✔✔subsurface - ✔✔"The right to construct and maintain tunnels, subways, subcellars,
pipelines, sewers, etc." is the definition of _________ rights.
✔✔Distric - ✔✔A neighborhood characterized by homogeneous land use, e.g.,
apartment, commercial, industrial, agricultural" is the definition of
✔✔a type of property, a specific property - ✔✔A market analysis examines
____________ , where a marketability analysis examines ______________.
✔✔Census.gov - ✔✔The website with the largest amount of demographics information
is
✔✔microeconomics - ✔✔"The study of the economics of individual spheres of activity or
patterns and behaviors, e.g., a firm, an industry, a retail market, a consumer segment,
pricing, local employment" is the definition of
EXAM 2025/2026 QUESTIONS WITH ANSWERS MARKED
A+
✔✔omit the client's identity from the report but identify the client in the workfile - ✔✔A
client asks an appraiser to omit the client's identity from the appraisal report. What can
the appraiser do?
✔✔transferable development - ✔✔A development right that cannot be used by the
landowner, or that the owner chooses not to use, but can be sold to landowners in
another location" are called _____________ rights
✔✔FDIC,OCC,FRB - ✔✔The federal financial institutions regulatory agencies directly
involved in fair lending include all of the following
✔✔directly, proportionately - ✔✔The principle of supply and demand states that the
price of a commodity, good, or service varies __________, but not necessarily
_____________, with demand.
✔✔The Appraisal Subcommittee - ✔✔Which entity is responsible for monitoring state
appraiser licensing and certification agencies?
✔✔executory - ✔✔A(n) __________ contract is one that is not been fully performed or
completed.
✔✔encroachment - ✔✔Trespassing on the domain of another" is the definition of
✔✔subsurface - ✔✔"The right to construct and maintain tunnels, subways, subcellars,
pipelines, sewers, etc." is the definition of _________ rights.
✔✔Distric - ✔✔A neighborhood characterized by homogeneous land use, e.g.,
apartment, commercial, industrial, agricultural" is the definition of
✔✔a type of property, a specific property - ✔✔A market analysis examines
____________ , where a marketability analysis examines ______________.
✔✔Census.gov - ✔✔The website with the largest amount of demographics information
is
✔✔microeconomics - ✔✔"The study of the economics of individual spheres of activity or
patterns and behaviors, e.g., a firm, an industry, a retail market, a consumer segment,
pricing, local employment" is the definition of
