15 hour uspap test - Study guides, Class notes & Summaries

BASIC APPRAISAL PRINCIPLES TEST STUDY QUESTIBASIC APPRAISAL PRINCIPLES TEST STUDY QUESTIONS True or False? When developing an opinion of site value of an improved property, an appraiser needs to consider the highest and best use of the property as though vacant. - ANS TRUE When developing an opinion of highest and best use, what is the final criteria that is applied? - ANS maximally productive A lot owner constructs a new 4,000 square foot home in a neighborhood of mostl...

BASIC APPRAISAL PRINCIPLES TEST STUDY QUESTIONS True or False? When developing an opinion of site value of an improved property, an appraiser needs to consider the highest and best use of the property as though vacant. - ANS TRUE When developing an opinion of highest and best use, what is the final criteria that is applied? - ANS maximally productive A lot owner constructs a new 4,000 square foot home in a neighborhood of mostly 800 to 1,200 square foot homes. The value ...

Bob Hogue - Pre Lic. Test Questions With Correct Answers100%Solved Which statement concerning broker's price opinions (BPOs) is TRUE? A) The payment for a BPO must be paid to the broker and not directly to the sales associate who prepared the BPO. B) A broker's license is required to conduct a BPO. C) A BPO is also referred to as an appraisal of real property. D) All BPOs must conform to Uniform Standards of Professional Appraisal Practice (USPAP). - correct answer...A Which document...

Bob Hogue - Pre Lic. Test Questions Practice questions for this set Learn 1 / 7 Study with Learn B Choose matching term Which property is defined as residential real estate under Chapter 475, Florida statutes? A) Fifty-unit apartment complex 1 B) Neighborhood grocery store C) Eight acres of agricultural property D) Local elementary school Which type of title insurance policy is transferable? A) Vendor B) 2 Owner C) Mortgagee D) Mortgagor Bob...

Bob Hogue - Pre Lic. Test Questions Practice questions for this set Learn 1 / 7 Study with Learn B Choose matching term Which property is defined as residential real estate under Chapter 475, Florida statutes? A) Fifty-unit apartment complex 1 B) Neighborhood grocery store C) Eight acres of agricultural property D) Local elementary school Which type of title insurance policy is transferable? A) Vendor B) 2 Owner C) Mortgagee D) Mortgagor Bob...

USPAP 15-hour Revised Test 2023Appraisal - ANSWER The act or process of developing an opinion of value Appraisal practice - ANSWER Valuation services performed by an individual acting as appraiser; including but not limited appraisal and appraisal review Appraisal review - ANSWER The act or process of developing an opinion about the quality of another's appraisers work Appraiser - ANSWER One who is expected to perform valuation services competently in a manner that is INDEPENDENT IMPAR...