Appraisal subcommittee - Study guides, Class notes & Summaries

USPAP 15-hour National Course Test with Verified Answers. 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 respon...

Basic Appraisal Principles - Chapter 2 Study Guide Questions with Complete Answers The transfer of money from low interest-bearing accounts to higher interest-bearing accounts is referred to as disintermediation recession surplus productivity profiteering disintermediation In 1987, eight U.S. appraisal organizations formed the National Association of REALTORS The Appraisal Foundation the Appraisal Subcommittee Appraisers without Borders The Appraisal Foundation True or False? The Board ...

Different appraisal regulations among states. - ANSWER Which is not one of the contributing factors that led to a need for regulation in the appraisal profession? Appraisal Subcommittee (ASC) - ANSWER Responsible for the Federal oversight of state real estate licensing and certification TRUE - ANSWER (T/F) The AppraisalSubcommittee monitors the activities of TAF to determine if policies and procedures are consistent with title XI of FIRREA Appraisal Subcommittee (ASC) - ANSWER Which boa...

Different appraisal regulations among states. Which is not one of the contributing factors that led to a need for regulation in the appraisal profession? Appraisal Subcommittee (ASC) Responsible for the Federal oversight of state real estate licensing and certification TRUE (T/F) The AppraisalSubcommittee monitors the activities of TAF to determine if policies and procedures are consistent with title XI of FIRREA Appraisal Subcommittee (ASC) Which board maintains the official National R...

The _____ has oversight authority over state appraisal boards. CORRECT ANSWERS: ASC (Appraisal Subcommittee) Which of the below is a requirement of a valid real estate contract? CORRECT ANSWERS: consideration, in writing and signed, and lawful objective "The interaction of buyers and sellers who trade long-term or intermediate-term money instruments" is the definition of the _____________ market. CORRECT ANSWERS: capital An analysis of the market conditions of supply, demand, and p...

Principles of USPAP Mckissock Questions and Answers Graded A Which independent board was created within The Appraisal Foundation in 2010? The Appraisal Practices Board (ADB) 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 Currently, the boards within the Appraisal Foundation include: Board of Trustees, Appraisal Practices Board, Appraiser Qualifications Board, A...

Which of the following is usually defined as the most probable price a property would bring in normal market conditions? correct answers Market value The Appraisal Foundation includes which of the following independent boards? correct answers The Appraisal Standards Board Appraisals are usually required whenever property is: correct answers bought or sold. In 2010, the government's solution to the disintegration of the housing market and financial crisis was to enact the: correct answe...

Different appraisal regulations among states. - answer-Which is not one of the contributing factors that led to a need for regulation in the appraisal profession? Appraisal Subcommittee (ASC) - answer-Responsible for the Federal oversight of state real estate licensing and certification TRUE - answer-(T/F) The AppraisalSubcommittee monitors the activities of TAF to determine if policies and procedures are consistent with title XI of FIRREA Appraisal Subcommittee (ASC) - answer-W...

Principles of USPAP The Appraisal Practices Board (ADB) - correct answer Which independent board was created within The Appraisal Foundation in 2010? The Appraisal Foundation does not have the authority to enforce the requirements of USPAP - correct answer Which statement is TRUE regarding The Appraisal Foundation and USPAP enforcement authority? Board of Trustees, Appraisal Practices Board, Appraiser Qualifications Board, Appraisal Standards Board - correct answer Currently, the boards ...

Mckissock Basic Appraisal Principles Exam Questions and Answers Latest Update 2024/2025 Graded A+. grant deed - ANSWER deed containing, or having implied by law, some but not all of the usual covenants of title Appraiser - ANSWER One who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective. report - ANSWER any communication, written or oral, of an appraisal or appraisal review that is transmitted to the client or a party authori...