PA Certified Evaluator Questions And Answers Graded A+ 2024.
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PA Certified Evaluator
Institution
PA Certified Evaluator
PA Certified Evaluator Questions And Answers Graded A+ 2024.
Depreciation - correct answer. loss in value from cost new from all causes for property having a limited economic life.
(a) Loss due to wear and tear
(b) Presence of features that are deficient
(c) Excessive, currentl...
PA Certified Evaluator Questions And
Answers Graded A+ 2024.
Depreciation - correct answer. loss in value from cost new from all causes for
property having a limited economic life.
(a) Loss due to wear and tear
(b) Presence of features that are deficient
(c) Excessive, currently undesirable
(d) External factors causing loss in value
Accrued Depreciation - correct answer. the total depreciation from all causes taken
on an asset from the time of purchase to the present
External Obsolescence - correct answer. loss in value as a result of impairment in
utility and desirability caused by factors external to the property
USPAP - correct answer. Uniform Standards of Professional Appraisal Practice
Intangible Property - correct answer. nonphysical assets, including but not limited to
franchises, trademarks, patents, copyrights. (something we can't see)
Market Value - correct answer. A type of value, stated as an opinion, that presumes
the transfer of a property.
Ethics Rule: - correct answer. An appraiser must promote and preserve the public
trust inherent in appraisal practice by observing the highest standards of professional
ethics.
An appraiser must: - correct answer. perform assignments with impartiality,
objectivity, and independence, and without accommodation of personal interests.
How many years must an appraiser retain a work file? - correct answer. a period of
at least 5 years after preparation, or at least 2 years after the final disposition.
An appraiser must be.... - correct answer. competent to perform the assignment,
acquire the necessary competency to perform the assignment, or decline or withdraw
from the assignment.
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