Appraiser licensing - Study guides, Class notes & Summaries

PA RE Appraiser Licensing Exam Prep. (2023)- Questions & Answers (Rated A+) PA RE Appraiser Licensing Exam Prep. (2023)- Questions & Answers (Rated A+) 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 federally related transactions. The Board o...

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 place of business Date of issuance and expiration date of license Any other information which the commissioner determines is necessary Experience and Fitness requirements for Licensing - ANSWER--A mi...

An appraisal can be completed by which of the following? A home inspector A real estate broker A licensed appraiser using USPAP standards A mortgage loan originator - ANSWERA licensed appraiser using USPAP standards What is a BPO? Broker Price Opinion Best Practice Organization Best Prospective Offer Beyond Present Opportunities - ANSWERBroker Price Opinion Which of the following is incorrect? Farming methods include Direct Mail and Just Listed Post Cards. Farming only invo...

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 of damaged motor vehicles. Any licensed appraiser, individual or corporate entitywho employs licensed appraisers shall be bound by 212 CMR 2.00. 212 CMR 2.00 is intended to be read in conjunction w...

1.) Which of the following establishes minimum criteria for real property appraiser certification and licensing? aqb 2.) USPAP is enforced by: state regulatory agencies and professional appraisal organizations. 3.) Why are Advisory Opinions issued? To illustrate the applicability of appraisal standards 4.) Which of the following best describes a Comment to a Standards Rule? ... 5.) Which one of the following is an assignment condition? Extraordinary assumption ...

PA Motor Vehicle Damage Appraiser's License Questions and Answers 2023 Applicant Age 18 years or older How long do you have to wait to be eligible to retake an examination if you fail? 30 days The Commissioner will prescribe the form of the appraiser's license and it will contain: Name of the appraiser Address of the appraiser's place of business Date of issuance and expiration date of license Any other information which the commissioner determines is necessary Exp...

USPAP 15-hour course Questions and Answers 100% Pass The concept of public trust means that an appraiser must act: in the public's interest USPAP establishes standards that are applicable in the appraisal of: real property, intangible property, and personal property Which statement is TRUE regarding The Appraisal Foundation and USPAP enforcement authority? The Appraisal Foundation does not have the authority to enforce the requirements of USPAP. Which entity is responsible for establishing e...

National USPAP Course Exam 172 Questions with Answers The Appraisal Foundation has the authority to enforce the requirements of USPAP. - CORRECT ANSWER False Currently, the boards within the Appraisal Foundation include: - CORRECT ANSWER Appraisal Standards Board, Appraisal Qualifications Board, Board of Trustees Which Foundation board is responsible for USPAP? - CORRECT ANSWER Appraisal Standards Board Qualification criteria for appraiser certification and recertification are dissem...

AUTOMOTIVE DAMAGE APPRAISERS TEST 36 QUESTIONS AND ANSWERS 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

USPAP 15-Hour Course With Complete Solutions 2023 The Preamble states that USPAP is - Correct Answer-for appraisers and users of appraisal services. The stated purpose of USPAP - Correct Answer-Promote and maintain a high level of public trust in appraisal practice. When obligated by law or regulation an appraiser must - Correct Answer-comply with USPAP. USPAP applies to which types of properties? - Correct Answer-Tangible and Intangible Valuation services - Correct Answer-is not a subs...