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McKissick Liberty University -The Fundamentals of Appraising Luxury Homes with answersWhich of the following is FALSE regarding most luxury home buyers? - correct answer They are attuned to current construction costs and will relinquish technology and amenities to save costs. Luxury homebuyers pu...

McKissock Liberty University -Supervisor-Trainee Course for Ohio McKissock with correct answersCurrently, what is the annual national registry fee per appraiser? - correct answer $40 The Dodd-Frank Act of 2010 requires the ASC to create and maintain a national registry of: - correct answer Apprai...

McKissock Liberty University -Sales Comparison Approach McKissick Class with answersWhat is created in the mind of an individual or market participant? - correct answer Value What is the motivation of an individual, group of persons, or business entity involving the purchase of an item? - correct...

McKissock Liberty University -Residential Market Analysis and Highest & Best Use correctly answeredA property owner constructs a six-car garage at a cost of $80,000. It only adds $40,000 in value to the property. What economic principle does this best demonstrate? - correct answer Contribution Wh...

McKissick Liberty University -Reconciliation Key Terms - McKissick with answers the process of considering the quantity and quality of data available. It is required in all appraisal assignments, and it is not a simple matter of averaging or checking the work for errors. - correct answer reconciliat...

McKissock Liberty University -Real estate appraisal principles and procedures fully solved REAL ESTATE Is the physical land and improvements Real property Is "the interest, benefits, and rights inherent to the ownership of real estate". These include the land, anything permanently attac...

McKissick Liberty University -Principles of USPAP McKissick with answersThe Appraisal Practices Board (ADB) - correct answer Which independent board was created within The Appraisal Foundation in 2010? The Appraisal Foundation does not have the authority to enforce the requirements of USPAP - cor...

McKissock Liberty University -McKissock-Land and Site Valuation correctly answered_________ is one of the four agents of production in economic theory. - correct answer Land Which is NOT a true statement? - correct answer The "Land Appraisal Report" is a Fannie Mae form. Land, as a physical ...

McKissock Liberty University -McKissock USPAP Chapter 8 questions with answers Standard 2 States... - correct answer In reporting the results of a real property appraisal, an appraiser must communicate each analysis, opinion, and conclusion in a manner that is not misleading. Report - correct ans...

McKissock Liberty University -McKissock USPAP Chapter 4 questions with complete solutions What does the ethics rule establish? - correct answer Establishes fundamental obligations of an appraiser as part of the profession Ethics Rule - correct answer An appraiser must promote and preserve the pub...

McKissock Liberty University -McKissock USPAP Chapter 1 questions and answers USPAP Provides... - correct answer 1. A common basis for comparison 2. A reference source for all users of the document 3. A basis for uniform enforcement for state regulatory agencies 4. A reason for clients, other int...

McKissock Liberty University -McKissock Learning - Basic Appraisal Principles fully solved"A document or a clause in a document in which the borrower accepts responsibility for the repayment of a debt" is the definition of: A) CC&R B) bond C) mortgage note D) debt - correct answer mortgage note ...

McKissock Liberty University -McKissock Basic Appraisal Principles fully solved An appraiser paid a referral fee in conjunction with an assignment. Which statement is TRUE regarding this situation, according to USPAP? - correct answer The appraiser must disclose that a fee was paid, but does not hav...

McKissock Liberty University -mckissock basic appraisal principles with correct answers grant deed - correct answer deed containing, or having implied by law, some but not all of the usual covenants of title Appraiser - correct answer One who is expected to perform valuation services competently...