MCKISSOCK COMBINED QUIZZES EXAM REPORTED QUESTIONS AND ANSWERS
State appraisal regulatory agencies - Answer-Who is responsible for issuing credentials to individual appraisers?
State appraiser licensing/certification agencies - Answer-Under FIRREA, USPAP is enforced by:
Appraisal Subcommit...
MCKISSOCK COMBINED QUIZZES
EXAM REPORTED QUESTIONS AND
ANSWERS
State appraisal regulatory agencies - Answer-Who is responsible for issuing credentials
to individual appraisers?
State appraiser licensing/certification agencies - Answer-Under FIRREA, USPAP is
enforced by:
Appraisal Subcommittee (ASC) - Answer-Which entity maintains the official national
registry of statecertified and licensed appraisers?
Development, reporting - Answer-In USPAP, the appraisal process is divided into two
distinct
types of activity: _________ and __________.
Reporting - Answer-Which step in the appraisal process involves communication of
the appraiser's opinions and conclusions?
Identify the problem - Answer-The first step in the appraisal process is:
An advocate - Answer-An appraiser is not permitted to be ____________ when
performing an appraisal.
Bias - Answer-A preference or inclination that precludes an appraiser's
impartiality, independence, or objectivity is:
Cost - Answer-By using a published cost manual, an appraiser determines
that the construction cost of a 2,500 square foot dwelling is $400,000.
This figure represents the dwelling's:
In the public's interest - Answer-The concept of public trust means that an appraiser
must
act
Board of Trustees (BOT) - Answer-Which entity appoints members of the Foundation's
independent Boards?
Appraiser Qualifications Board (AQB) - Answer-Which entity is responsible for
establishing education
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