PA Appraisal License Exam Bundle Graded A+

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 fo...

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 f...

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 plac...

If an appraiser's certificate has been revoked by the Board, he or she is prohibited from ever applying for an appraisal certification again.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 ...

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...

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...

In PA, a consumer reporting agency may list all of the following information about a consumer EXCEPT: - Answer-Medical Information The device that synchronizes the spark plug firing sequence is: - Answer-Camshaft Sensor If an insured fail to report a claim in a timely fashion the adjuster wil...

Subrogation - Answer-One insurance company sues another to recover cost to repair insured's car Release - Answer-Two insurance companies agreed or insured agrees ACV - Answer-Actual Cash Value, cost new less depreciation Arbitration - Answer-Only way in insurance policy to dispute claim am...

Authority of the Auto Damage Appraiser Licensing Board (M.G.L. C. 26 Sec. 8G; 212 CMR 2.01) - Answer-2.01: Scope of Regulations (1) Purpose and Applicability. The purpose of 212 CMR 2.00 is to promote the public welfare and safety by improving the quality and economy of the appraisal and repair ...