National uspap exam 5 - Study guides, Class notes & Summaries

Which statement is true regarding the use of the term REALTOR? All real estate licensees are REALTORS All REALTORS are members of the National Association of REALTORS (NAR) The terms real estate licensee and REALTOR may be used interchangeably The Florida DBPR authorizes the use of the term REALTOR - Answer All REALTORS are members of the National Association of REALTORS (NAR) The term follow up refers to...? - Answer what a sales associate does for buyers and sellers after the sale E...

7 Hour USPAP Exam 128 Questions with Answers What is true about an appraiser's description of the physical characteristics of a property? a) The physical chracteristics are treated as outside the appraisal practice b) The physical characteristics are not assignment results. c) The pyhsical characteristics must be verified with public records if the data is available through the normal course of business. d) The physical characteristics are confidential information. - CORRECT ANSWER b) Th...

USPAP Study Guide exam 242 Questions with Answers Different appraisal regulations among states. - CORRECT ANSWER Which is not one of the contributing factors that led to a need for regulation in the appraisal profession? Appraisal Subcommittee (ASC) - CORRECT ANSWER Responsible for the Federal oversight of state real estate licensing and certification TRUE - CORRECT ANSWER (T/F) The AppraisalSubcommittee monitors the activities of TAF to determine if policies and procedures are consiste...

USPAP Practice Exam 100 Questions with Answers The PREAMBLE states the purpose of USPAP is to promote and maintain a high level of public _____ in appraisal practice by establishing requirements for appraisers. A) Awareness B) Recognition C) Support D) Trust - CORRECT ANSWER D) Trust USPAP benefits providers of appraisal services and a. the Appraisal Standards Board. b. disinterested parties. c. federal officials. d. users of appraisal services. - CORRECT ANSWER D) Users of...

FLORIDA Real Estate Pre-license Exam Review Questions and answers, VERIFIED/ Real Estate Business - -Is composed of many specialization's: - (1)Details of Property Transfer -Knowledge of: (2)market conditions (3)how to market real estate business (4)how to analyze buyers needs (5)laws that pertain to real estate Real Estate Brokerage - -Is the bringing together of buyers and sellers, owners and renters and completing real estate transactions. ***How can a agent maintain good sta...

USPAP 15-Hour Course Exam 171 Questions with Answers 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 n...

USPAP Exam 152 Questions with Answers 2023 The appraiser could accept the assignment (as a new assignment) - CORRECT ANSWER as long as proper disclosure is made regarding the prior assignment & any confidential in formation is handled appropriately. in a deed being used in a purchase transaction, who is the grantee? - CORRECT ANSWER The party receiving title - "purchaser" is known as the grantee. Any services provided by an appraiser, other than an appraisal or appraisal review, wou...

USPAP 15-hour Course Exam With 100% Correct Answers 2023 The concept of public trust means that an appraiser must act: - Correct Answer-in the public's interest USPAP establishes standards that are applicable in the appraisal of: - Correct Answerreal property, intangible property, and personal property Which statement is TRUE regarding The Appraisal Foundation and USPAP enforcement authority? - Correct Answer-The Appraisal Foundation does not have the authority to enforce the requirement...

USPAP 15-hour course Exam 173 Questions with Answers The concept of public trust means that an appraiser must act: - CORRECT ANSWER in the public's interest USPAP establishes standards that are applicable in the appraisal of: - CORRECT ANSWER real property, intangible property, and personal property Which statement is TRUE regarding The Appraisal Foundation and USPAP enforcement authority? - CORRECT ANSWER The Appraisal Foundation does not have the authority to enforce the requirements of ...