Appraisal course - Study guides, Class notes & Summaries

______________ establishes education, experience, and other criteria for licensing, certification, and recertification of appraisers. correct answers The Appraiser Qualifications Board (AQB) The Appraisal Foundation periodically issues ____________ which are voluntary guidance regarding recognized appraisal methods and techniques. correct answers Valuation Advisories Which statement BEST describes The Appraisal Foundation? correct answers It is a non-profit organization established for edu...

WALL STREET PREP EXAM (ACCOUNTING CRASH COURSE) QUESTIONS AND CORRECT ANSWERS 2024/2025. 2 / 30 m the federal ations ompanies he securities EC Financial 1. What is Accounting?: Accounting is the language of business; it is a standard set of rules for measuring a company's financial performance. Assessing a company's financial performance is important for: The firm's officers (managers and employees) Investors Lenders General public Standard financial statements serve as a "y...

What can proper drainage do for a building site? - Protect the foundation The ______ method converts a single year's expected income (or an annual average) into a market value. - Direct Capitalization Basic property rights include the rights of possession, control, exclusion, enjoyment, and ______. - Disposition What type of value may consumers be interested in if they are looking for the potential rate of return? - Investment Value How are adjustments made in the analysis used in the sa...

How does a broker prove they are not culpable if an agent makes a mistake? 1. Reasonable supervision was available to agent 2. Broker had nothing to do with the infraction 3. The broker did not ratify the infraction (Did not see it happen without telling them to stop) What are Trade fixtures and how can they be removed? Trade fixture - item of personal property attached to land or building leased by a tenant who uses the item in a trade or business - Can be removed before lease ends by ten...

Valuation process A systematic procedure used in the valuation of real property. Steps: 1: Define the problem 2:Determine scope of work 3:Gather, record, and verify the data 4:Determine the highest and best use 5:Estimate the land value 6:Estimate value by each of the three approaches (if applicable) 7:Reconcile the estimated values into the final opinion of value 8:Report the final opinion of value Client The party or parties who engage, by employment or contra...

The cost approach to finding an appraised value measures ______. - The cost to acquire a property only - The cost to acquire land and construct a reproduction - The cost to construct a reproduction only - The expenses the property is expected to produce for the owner - The cost to acquire land and construct a reproduction When possible, comparable sales from ______ should be used. - At least six other properties - Competing market areas - No more than 24 months ago - T...

What can proper drainage do for a building site? - Protect the foundation The ______ method converts a single year's expected income (or an annual average) into a market value. - Direct Capitalization Basic property rights include the rights of possession, control, exclusion, enjoyment, and ______. - Disposition What type of value may consumers be interested in if they are looking for the potential rate of return? - Investment Value How are adjustments made in the analysis used in the sa...

Appraisal course Exam Review Questions and answers, rated A+ Who is responsible for complying with USPAP? - -Individual appraisers only With regard to the ASB and USPAP, what are Advisory Opinions considered? - -Other communications from the ASB Appraiser Amy agrees to present a seminar for a small lending institution to explain appraisal issues to the institution's staff. Does the ETHICS RULE of USPAP apply to Amy in performing this activity? - - yes, because amy is acting as an appr...

15-hour National USPAP Course - McKissock 2023 Questions and Answers Passed USPAP contains what 4 sections? 1) The Preamble 2) Definitions 3) Rules 4) Standards USPAP Provides... 1. A common basis for comparison 2. A reference source for all users of the document 3. A basis for uniform enforcement for state regulatory agencies 4. A reason for clients, other intended users, and the public to place their trust in the services performed by professional appraisers What year was The Appr...