PA Appraisers License Study guides, Revision notes & Summaries

How long is a binder good for? - Answer-90 days Before an applicant may be issued a motor vehicle physical damage appraisers license, the applicant must file a surety bond with the Commissioner in the amount of... - Answer-$2,500 Erica's dire financial condition compels her to consider filing for bankruptcy. What type of hazard does her financial condition represent? - Answer-Moral Hazard Moral Hazard - Answer-Moral hazards are tendencies or traits of an individual that increase the ch...

How is a diamond condition fixed? - Answer-By pulling the damage for length. Diamond is a length condition. When measuring a unibody vehicle, it is discovered that the left front rail is 111mm from spec in width. What condition is this? - Answer-Width is calculated from the center out, so a value of -111mm on the left rail shows sway to the right and in toward centerline. A collision damaged vehicle is discovered to be down in height at opposite end of the center section. - Answer-Twist co...

If an appraiser's certificate has been revoked by the Board, he or she is prohibited from ever applying for an appraisal certification again. - Answer-FALSE Which of these is NOT a specific power of the State Board of Certified Real Estate Appraisers, per Act 98? - Answer-editing USPAP Which of the following is a violation of Act 98? - Answer-making an appraisal fee contingent upon a property owner's tax assessment being lowered If disciplinary action is taken against a PA appraiser b...

Applicant Age - Answer-18 years or older How long do you have to wait to be eligible to retake an examination if you fail? - Answer-30 days The Commissioner will prescribe the form of the appraiser's license and it will contain: - Answer-Name of the appraiser Address of the appraiser's place of business Date of issuance and expiration date of license Any other information which the commissioner determines is necessary Experience and Fitness requirements for Licensing - Answer--A mi...

For appraisers performing appraisals for federally related transactions, all states are required to establish uniform certification procedures. a. True b. False - Answer-A. TRUE All states are required to establish uniform certification procedures for appraisers performing appraisals for federally related transactions. The Board of Certified Real Estate Appraisers has been created and the Real Estate Appraisers Certification Act has been adopted in Pennsylvania. Today, this board gover...

Multifamily, commercial, and industrial areas are generally referred to as: - Answer-districts The cost approach to value is based primarily on which of the following economic principles? - Answer-Substitution The principle of substitution is the basis on which the cost approach to value is formed. This principle states that the value of a parcel is set by the cost of acquiring an equally desirable substitute. The ratio of net rentable area to gross area in a multitenant building is nor...

Appraisal - Answer-an estimate or opinion of value based on supportable evidence. and approved methods. Appraiser - Answer-is an independent professional trained to provide an unbiased estimate of value in an impartial and objective manner, according to the appraisal process. Uniform Standards of Professional Appraisal Practice (USPAP) - Answer-A set of standards that details information required of an appraisal of residential property. The Uniform Residential Appraisal Report is required ...

PA APPRAISERS LICENSE NEWEST 2024 EXAM COMPLETE 340+ QUESTIONS WITH CORRECT DETAILED ANSWERS |ALREADY GRADED A+. PA APPRAISERS LICENSE NEWEST 2024 EXAM COMPLETE 340+ QUESTIONS WITH CORRECT DETAILED ANSWERS |ALREADY GRADED A+. PA APPRAISERS LICENSE NEWEST 2024 EXAM COMPLETE 340+ QUESTIONS WITH CORRECT DETAILED ANSWERS |ALREADY GRADED A+. PA APPRAISERS LICENSE NEWEST 2024 EXAM COMPLETE 340+ QUESTIONS WITH CORRECT DETAILED ANSWERS |ALREADY GRADED A+. PA APPRAISER...

PA APPRAISERS LICENSE EXAM 2024/ACTUAL EXAM WITH 350 QUESTIONS AND CORRECT VERIIED ANSWERS/NEWEST /ALREADY GRADED A+

PA APPRAISERS LICENSE EXAM 2024/ACTUAL EXAM WITH 350 QUESTIONS AND CORRECT VERIIED ANSWERS/NEWEST /ALREADY GRADED A+