The appraiser - Study guides, Class notes & Summaries

Mckissock USPAP Exam Questions With 100% Correct Answers 2024 Currently, the boards within The Appraisal Foundation include: - answerAppraisal Standards Board, Appraiser Qualifications Board, Board of Trustees Which Foundation board is responsible for USPAP? - answerAppraisal Standards Board (ASB) Which entity appoints members of the AQB and ASB? - answerBoard of Trustees (BOT) Qualification criteria for appraiser certification and recertification are disseminated to state appraisal boar...

Jim Smith is involved in a collision claim and is no longer able to use the vehicle to go to work. This "loss of use" is referred to as a: Direct loss Indirect loss Loss evaluation Consequential loss correct answersConsequential loss When the rear of the vehicle is damaged and there is a gap between the trunk lid and the quarter panel, what else on the vehicle should the appraiser check? The center pillar The trunk floor The quarter panels The frame rails correct answersTh...

McKissock Basic Appraisal Principles All Possible Questions and Answers 100% Solved An appraiser paid a referral fee in conjunction with an assignment. Which statement is TRUE regarding this situation, according to USPAP? The appraiser must disclose that a fee was paid, but does not have to disclose the amount paid. An appraiser finds out after completing an appraisal that the lender/client's loan did not close. What should the appraiser do regarding the appraisal fee? Charge the agr...

The PREAMBLE states the purpose of USPAP is to maintain public ___ in the appraisal practice by establishing requirements for appraisers. - trust USPAP benefits providers of appraisal services and - users of appraisal services. Which is NOT considered significant real property appraisal assistance? - collecting employment data for use in analysis A valuation service performed by an individual acting as an appraiser requires the appraiser to - inquire about the intended user's expectations...

FAC3702 Assignment 1 (DETAILED ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED Answers, guidelines, workings and references .. Question 1 (50 marks - 75 minutes) KassiLam Limited (“KassiLam”) was founded by two Soweto born young entrepreneurs while they were in Varsity. KassiLam specialises in WIFI installation in the townships and have expanded to the villages. KassiLam makes money from contracts with the government through competitive bi...

Farming Correct Answer Concentrating on one type of style of property or on one particular neighborhood A residential transaction os defined in F.S. 475 as the sale of any: Correct Answer - Duplex - improved residential property of four units or fewer, including condominium units -unimproved property intended for four units or fewer - agricultural properties of ten acres or less - leases with options to purchase all or a portion of improved property of four or fewer residential units - ...

PA APPRAISERS LICENSE EXAM 2024 NEWEST VERSION WITH 300+ ACTUAL EXAM QUESTIONS AND CORRECT VERIFIED ANSWERS/ 2024 PA APPRAISERS LICENSE REAL EXAM 2024 WITH ANSWERS (GUARANTEED A+) The auto appraiser considers the extent of damage, the size of the damaged area, and the appearance. Usually, if the repair cost exceeds ____ of the cost to replace the part, replacement is appropriate. - ANSWER-75% The identifying marks on a plastic part are so worn down they cannot be read. Therefore, the...

What is the difference between a unitized frame and a uni-body? - ANSWER-There is no difference. In a uni-body or unitized vehicle, the frame and body are incorporated into a single welded structure. Should exhaust damaged systems be welded and repaired, or replaced all together? - ANSWER-Replaced. Exhaust gases contain poisonous carbon monoxide and leaks could create dangerous conditions for passengers. The "Inside Out" sequence refers to... - ANSWER-Calculating Labor times SAI refer...

Business Appraisal Profession - correct answer 1) entire firms specializing in business appraisal 2) departments of firms primarily doing other things, such as CPA firms, banks, and multidisciplinary firms 3) part-time practitioners Business appraiser services - correct answer 1) An objective and independent valuation opinion of business interests 2) An advisory, or consulting (advocate), role in determining a value Market Approach - 3 Approaches to Value - correct answer 1) Principle of s...

Principles of Real Estate 2 Champion Exam With 100% Correct Answers 2024 What does D.U.S.T. stand for? - answerDemand, Utility, Scarcity, Transferability the percentage of value or sales price that a lender is willing to finance - answerLoan to Value Ratio (LTV) the value of a property is equal to the sum of the contributory value of each of its component parts. - answerprinciple of contribution the forces acting on a parcel of land are always affecting the value of the land - answerPRIN...