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[Show more]The current requirements for real property appraiser licensing and certification went into effect on 
 
July 1, 2011 
July 1, 2015 
May 1, 2018 
January 1, 2012 
May 1, 2018 
 
 
 
True or False: Every state's appraiser certification examination is different. 
False 
 
 
 
 
Brainpower 
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Add to cartThe current requirements for real property appraiser licensing and certification went into effect on 
 
July 1, 2011 
July 1, 2015 
May 1, 2018 
January 1, 2012 
May 1, 2018 
 
 
 
True or False: Every state's appraiser certification examination is different. 
False 
 
 
 
 
Brainpower 
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...
promote and maintain, public trust 
The intent of USPAP is to ____________ a high level of __________ in professional appraisal practice. 
 
 
 
wage levels 
Which of the following would NOT be considered a governmental influence on value? 
 
 
 
 
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Add to cartpromote and maintain, public trust 
The intent of USPAP is to ____________ a high level of __________ in professional appraisal practice. 
 
 
 
wage levels 
Which of the following would NOT be considered a governmental influence on value? 
 
 
 
 
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appraiser 
one who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective 
 
 
 
report 
any communication, written or oral, of an appraisal or appraisal review that is transmitted to the client upon completion 
 
 
 
 
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Add to cartappraiser 
one who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective 
 
 
 
report 
any communication, written or oral, of an appraisal or appraisal review that is transmitted to the client upon completion 
 
 
 
 
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The principal operators in the secondary mortgage market include 
pension funds, insurance companies, corporate investors 
Fannie Mae, Freddie Mac, Ginnie Mae 
Fannie Mae, Sallie Mae, Ginnie Mae 
FHA, VA, USDA 
Fannie Mae, Freddie Mac, Ginnie Mae 
 
 
 
True or False? Fannie Mae and Freddie Mac are ...
Preview 2 out of 6 pages
Add to cartThe principal operators in the secondary mortgage market include 
pension funds, insurance companies, corporate investors 
Fannie Mae, Freddie Mac, Ginnie Mae 
Fannie Mae, Sallie Mae, Ginnie Mae 
FHA, VA, USDA 
Fannie Mae, Freddie Mac, Ginnie Mae 
 
 
 
True or False? Fannie Mae and Freddie Mac are ...
ASC (Appraisal Subcommittee) 
The _____ has oversight authority over state appraisal boards. 
 
 
 
consideration, in writing and signed, and lawful objective 
Which of the below is a requirement of a valid real estate contract? 
 
 
 
 
5 Sanity-Saving Tips for Arguing on the Internet 
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Pl...
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Add to cartASC (Appraisal Subcommittee) 
The _____ has oversight authority over state appraisal boards. 
 
 
 
consideration, in writing and signed, and lawful objective 
Which of the below is a requirement of a valid real estate contract? 
 
 
 
 
5 Sanity-Saving Tips for Arguing on the Internet 
Previous 
Pl...
The principle of supply and demand states that the price of a commodity varies ________ with demand. 
proportionately 
directly 
independently 
none of the above 
directly 
 
 
 
According to the principle of supply and demand, the price of a commodity varies ___________ with supply. 
proportionatel...
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Add to cartThe principle of supply and demand states that the price of a commodity varies ________ with demand. 
proportionately 
directly 
independently 
none of the above 
directly 
 
 
 
According to the principle of supply and demand, the price of a commodity varies ___________ with supply. 
proportionatel...
McKissock - Basic Appraisal Principles- GA Ch.12 with complete solutions
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Add to cartMcKissock - Basic Appraisal Principles- GA Ch.12 with complete solutions
McKissock - Basic Appraisal Principles- GA Ch.12 with complete solutions
Preview 2 out of 9 pages
Add to cartMcKissock - Basic Appraisal Principles- GA Ch.12 with complete solutions
6| Legal Description 
- a description of land that identifies real estate according to a system established or approved by law, an exact description that enables the real estate to be located and identified. 
 
- includes 3 common systems such as lot and block, metes and bounds, and rectangular surv...
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Add to cart6| Legal Description 
- a description of land that identifies real estate according to a system established or approved by law, an exact description that enables the real estate to be located and identified. 
 
- includes 3 common systems such as lot and block, metes and bounds, and rectangular surv...
The _____ has oversight authority over state appraisal boards. 
ASC (Appraisal Subcommittee) 
 
 
 
Which of the below is a requirement of a valid real estate contract? 
consideration, in writing and signed, and lawful objective 
 
 
 
 
Brainpower 
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Add to cartThe _____ has oversight authority over state appraisal boards. 
ASC (Appraisal Subcommittee) 
 
 
 
Which of the below is a requirement of a valid real estate contract? 
consideration, in writing and signed, and lawful objective 
 
 
 
 
Brainpower 
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"The act of transferring an interest in property or some right (such as contract benefits) to another" is the definition of 
assignment 
novation 
codicil 
acceptance 
assignment 
 
 
 
What is the mean of the following set of gross rent multipliers? (95, 93, 120, 94, 93, 129) 
93 
94.5 
101.5 
10...
Preview 3 out of 17 pages
Add to cart"The act of transferring an interest in property or some right (such as contract benefits) to another" is the definition of 
assignment 
novation 
codicil 
acceptance 
assignment 
 
 
 
What is the mean of the following set of gross rent multipliers? (95, 93, 120, 94, 93, 129) 
93 
94.5 
101.5 
10...
Taxes would be a(n) _____________ force affecting property values. 
social 
governmental 
physical 
environmental 
governmental 
 
 
 
Value is influenced by 
buyers only 
external market forces 
sellers only 
appraisers 
external market forces 
 
 
 
 
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Add to cartTaxes would be a(n) _____________ force affecting property values. 
social 
governmental 
physical 
environmental 
governmental 
 
 
 
Value is influenced by 
buyers only 
external market forces 
sellers only 
appraisers 
external market forces 
 
 
 
 
Brainpower 
Read More 
Previous 
Play 
Next 
R...
12| Taxes 
-if you have an income producing property, opoerty taxes will likely be apart of your operating expense. 
- Different types of taxes that affect your property value include country, town, state, sales, or income tax. 
 
 
 
12| Business Taxes 
- state or local taxes has an impact on busin...
Preview 2 out of 6 pages
Add to cart12| Taxes 
-if you have an income producing property, opoerty taxes will likely be apart of your operating expense. 
- Different types of taxes that affect your property value include country, town, state, sales, or income tax. 
 
 
 
12| Business Taxes 
- state or local taxes has an impact on busin...
9| Market 
- mechanism for bringing together buyers and sellers 
- examples include the stock market, farmers market, used car market, bond market etc. 
 
 
 
9| Supply & Demand 
- the amount of goods and services that are available for people to buy compared to the amount of goods and services that...
Preview 2 out of 7 pages
Add to cart9| Market 
- mechanism for bringing together buyers and sellers 
- examples include the stock market, farmers market, used car market, bond market etc. 
 
 
 
9| Supply & Demand 
- the amount of goods and services that are available for people to buy compared to the amount of goods and services that...
Valuation Process 
Systematic set of procedures an appraiser follows to provide answers to a clients questions about real property value 
 
 
 
Appraisal Process 
1. Define Problem 
2. Determine scope of work 
3. Gather Record & verify dat 
4. determine highest and best use 
5. estimate land value 
...
Preview 2 out of 15 pages
Add to cartValuation Process 
Systematic set of procedures an appraiser follows to provide answers to a clients questions about real property value 
 
 
 
Appraisal Process 
1. Define Problem 
2. Determine scope of work 
3. Gather Record & verify dat 
4. determine highest and best use 
5. estimate land value 
...
The act of transferring an interest in property or some right (such as contract benefits) to another" is the definition of 
assignment 
novation 
codicil 
acceptance 
assignment 
 
 
 
What is the mean of the following set of gross rent multipliers? (95, 93, 120, 94, 93, 129) 
93 
94.5 
101.5 
104 ...
Preview 3 out of 17 pages
Add to cartThe act of transferring an interest in property or some right (such as contract benefits) to another" is the definition of 
assignment 
novation 
codicil 
acceptance 
assignment 
 
 
 
What is the mean of the following set of gross rent multipliers? (95, 93, 120, 94, 93, 129) 
93 
94.5 
101.5 
104 ...
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