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General Report Writing & Case Studies Questions and Answers
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General Report Writing & Case Studies Questions and Answers
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General Report Writing & Case StudiesQuestions and Answers
Which of the following describes or explains what is meant by "the effective date of
value" of an appraisal?
- The date the appraisal was completed
- The date the report was signed by the appraiser
- The date that the opinion of value applies to
- The date the appraisal was tendered to the client - Answers -The date that the opinion
of value applies
Which of the following is a critical aspect of creating a well-respected narrative appraisal
report?
- The use of numerous current industry acronyms
- Good writing
- At least 50 pages of maps and photographs
- A statement that the report totally complies with USPAP - Answers -Good Writing
Which of the following is the most thorough definition of a "narrative appraisal report"?
- The act of orally communicating the opinion of value to a client
- A written document that identifies all of the information in the appraiser's workfile
- A written document that is solely for the use of the intender user and explains how the
appraisal report was developed and prepared
- A written document that identifies and supports how the appraiser developed the
opinion of value - Answers -A written document that identifies and supports how the
appraiser developed the opinion of value
When including a quotation from a source within an appraisal report, how should it be
indicated?
- By using boldface type
- By putting the source of the quotation in the addendum of the appraisal report
- By acknowledging the source either adjacent to the quote or by the use of a footnote
- By underlining the words of the quote - Answers -By acknowledging the source either
adjacent to the quote or by the use of a footnote
What must the appraiser's scope of work describe and clearly explain?
,- That the scope of work explanation was in compliance with USPAP's formal guidelines
for "how to write a scope of work"
- That the scope of work employed to solve the appraisal problem was appropriate for
the assignment
- A detailed description of the real estate
- That the scope of work included value conclusions for each of the three approaches -
Answers -That the scope of work employed to solve the appraisal problem was
appropriate for the assignment
Which of the following should NOT be used in a well-written narrative appraisal report?
- Short crisp sentences
- Slang or clichés
- Good grammar
- Bullet points - Answers -Slang or clichés
Which of the following describes what is meant by the date of the appraisal report?
- The date the appraisal report was completed and transmitted to the client
- The date that the opinion of value applies to
- The date the appraisal report was received by the client
- The date the property being appraised was inspected by the appraiser - Answers -The
date the appraisal report was completed and transmitted to the client
Which of the following should be employed when writing a narrative appraisal report?
- A standardized template with a basic font type and size
- Numerous recent industry acronyms
- Long, run-on sentences, which are intended to impress the reader with your mastery
of the English language
- Varied colors of printing ink - Answers -A standardized template with a basic font type
and size
The location and surroundings section of a narrative appraisal can be an assemblage of
what three portions?
- Property history, population data, neighborhood description
- Description of the subject site, its neighborhood, and the county in which it is located
- Macro Area Description, Micro Area Description, and a Neighborhood-Vicinity
Description
- Macro area description, property description, and neighborhood analysis - Answers -
Macro Area Description, Micro Area Description, and a Neighborhood-Vicinity
Description
What are the primary differences between Appraisal Reports and Restricted Appraisal
Reports?
,- None; all written real property appraisal reports are the same
- Restricted Appraisal Reports do not need to feature or contain any maps or
photographs
- Restricted Appraisal Reports can only be provided with the intended user's permission
- Restricted Appraisal Reports contain much less detail and narrative description -
Answers -Restricted Appraisal Reports contain much less detail and narrative
description
Studies have shown that we retain more of what we _____________ than with any
other method.
- Read
- Hear
- Say
- See on television - Answers -Say
Which of the following words is misspelled?
- Unnecessary
- Embarrass
- Fundamentally
- Omitted - Answers -Unnecessary
If someone makes their property tax payment biannually, how often do they pay it?
- Once a year
- Every two weeks
- Every two years
- Twice a year - Answers -Twice a year
"My", "mine", and "yours" are examples of
- Prepositions
- Interrogative pronouns
- Possessive pronouns
- Adjectives - Answers -Possessive pronouns
STANDARD 2 of USPAP states that in appraising real property, an appraiser must
"communicate each analysis, opinion, and conclusion in a manner that is
__________________."
- Definitive and convincing
- Not misleading
- Beyond reproach
- Well-written - Answers -Not misleading
, Connecting words that show the relationships of a noun or a pronoun to some other
word in a sentence are called
- Adjectives
- Adverbs
- Propositions
- Prepositions - Answers -Prepositions
When we read, we retain what percentage of the information we learned?
- 10
- 15
- 20
- 50 - Answers -10
Which of these words is NOT a proper plural?
- Crises
- Curriculum
- Criteria
- Data - Answers -Curriculum
Which of the following statements is FALSE about USPAP requirements and appraisal
reports?
- USPAP establishes minimum content requirements for all types of real property
appraisal reports
- USPAP does not set forth a specific way to address the items it requires to be included
in an appraisal report.
- The USPAP-required items do not need to be addressed in a specific location or
section of an appraisal report.
- The USPAP required items must be addressed in the order they appear in
STANDARD 2 - Answers -The USPAP required items must be addressed in the order
they appear in STANDARD 2
Where can the appraiser's certification be placed in an appraisal report?
- Anywhere within the report
- Only in the addendum
- Only attached to the cover letter
- It does not need to be contained within the appraisal report - Answers -Anywhere
within the report
When writing a narrative appraisal report, in what order does USPAP require that the
material be presented?
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