Appraiser licensing - Study guides, Class notes & Summaries

McKissock Basic Appraisal Principles Exam QUESTIONS With Answers Latest 2024/2025 Graded A+. The primary purpose of USPAP is to protect CORRECT ANSWERS: public trust Normally the first step in highest and best use analysis is to research the uses that are CORRECT ANSWERS: legally permissible An appraiser is appraising a property with two structures on one tract of land. The client asks the appraiser not to mention the second structure, as it is in poor condition. Which statement is TRUE reg...

Aceable Agent - Principles of Real Estate II Exam 2023 with 100%Correct Answers. TOTAL = PART/PERCENTAGE PART = TOTAL x PERCENTAGE PERCENTAGE = PART/ TOTAL - correct answer -Formulas to calculate commission? PRINCIPAL - correct answer -What is the term that describes the money that is lent? CASH TO CLOSE - correct answer -Down payment minus earnest money? TOTAL SALES PRICE - correct answer -Loan payment + loan principal? ORIGINATION POINTS - correct answer -Loan points/fees charged 1% to ...

USPAP Exam EXAM LATEST ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ 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 (ASB), Appraiser Qualifications Board (AQB), Board of Trustees (BoT) Which Foundation board is responsible for USPAP - CORRECT ANSWER Appraisal Standards Board (ASB) Whi...

National USPAP Course Question and answers already passed National USPAP Course The Appraisal Foundation has the authority to enforce the requirements of USPAP. True False - correct answer False Currently, the boards within The Appraisal Foundation include: a.) Board of Trustees, Federal Housing Administration, Fannie Mae b.) Board of Trustees, Appraisal Standards Board, Appraisal Subcommittee c.) Appraisal Standards Board, Appraiser Qualifications Board, Board of Trustees d.) ...

Which act was passed to regulate appraisal? - ANSWER in 1989, Congress passed the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) in response to the savings and loan crisis. What does Title XI of FIRREA require? - ANSWER competent individuals whose professional conduct is properly supervised to perform all appraisals in federally-related transactions. January 1, 1993 FIRREA - ANSWER federally-related appraisals must be performed only by state-certified appraisers. ...

Automotive Damage Appraisers Test Latest Update with Certified Solutions Authority of the Auto Damage Appraiser Licensing Board (M.G.L. C. 26 Sec. 8G; 212 CMR 2.01) 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...

USPAP Final Exam Question and answers rated A+ USPAP Final Exam The Appraisal Foundation has the authority to enforce the requirements of USPAP. - correct answer False; The Appraisal Foundation is a private entity. The Foundation and its boards have no enforcement authority in any jurisdiction. Which Foundation board is responsible for USPAP? - correct answer Appraisal Standards Board (ASB) Currently, the boards within The Appraisal Foundation include: - correct answer Appraisal S...

Gold Coast Final Exam Questions and Answers 100% Solved What is the form you sign that says you will pay the loan back ? promissory note What is the post licensing grace period after first expiration ? none Deposits is a form of... valuable consideration Physical land and improvements real property Is it a violation if a sales associate work for two brokers Monday-Friday, and Saturday and Sunday and getting paid commission from both Yes What is the maximum fine per offense ? $5,000 per fine...

AUTOMOTIVE DAMAGE APPRAISERS TEST Questions and Correct Solutions 2024 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 bo...

McKissock Basic Appraisal Principles Exam Questions With Correct Answers Latest 2024/2025 (Graded A+) Which entity is responsible for establishing the requirements to become an appraiser? CORRECT ANSWERS: the AQB True or False: An applicant for Certified General appraiser must possess at least an associate's degree from an accredited college or university. CORRECT ANSWERS: False The requirements for state licensed and certified appraisers had their genesis in CORRECT ANSWERS: FIRREA An ap...