Appraisal consulting - Study guides, Class notes & Summaries

Basic Appraisal Principles Exam Expected Questions and Answers (2024 / 2025) | 100%Solved Appraisal Review The act or process of developing and communicating an opinion about the quality of another appraiser's work that was performed as part of an appraisal, appraisal review, or appraisal consulting assignment Appraisal The act or process of developing an opinion of value; an opinion of value of or pertaining to appraising and related functions, such as appraisal proactive or appraisal se...

USPAP 15-Hour Course Question and answers already passed USPAP 15-Hour Course 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 se...

Basic Appraisal Principles Exam Questions and Answers Appraisal Review -Answer-The act or process of developing and communicating an opinion about the quality of another appraiser's work that was performed as part of an appraisal, appraisal review, or appraisal consulting assignment Appraisal -Answer-The act or process of developing an opinion of value; an opinion of value of or pertaining to appraising and related functions, such as appraisal proactive or appraisal services. Appraisal ...

BASIC APPRAISAL PROCEDURES-STUDY GUIDE RATED A+ assumption that which is taken to be true. effective date the date for which value was asstablished by an appraisal. extraordinary assumption an assumption that a fact is true, directly related to a specific assignment, which could alter the appraisal's opions or conclutions if found to be faulse. general data information that covers the forces that affect property values, but are not directly related to a particular piece of property. general ...

Basic Appraisal Principles Test Questions and Answers 100% Solved Appraisal Review The act or process of developing and communicating an opinion about the quality of another appraiser's work that was performed as part of an appraisal, appraisal review, or appraisal consulting assignment Appraisal The act or process of developing an opinion of value; an opinion of value of or pertaining to appraising and related functions, such as appraisal proactive or appraisal services. Appraisal P...

The Preamble states that USPAP is - answer-for appraisers and users of appraisal services. The stated purpose of USPAP - answer-Promote and maintain a high level of public trust in appraisal practice. When obligated by law or regulation an appraiser must - answer-comply with USPAP. USPAP applies to which types of properties? - answer-Tangible and Intangible Valuation services - answer-is not a subset of appraisal practice. An appraiser has the professional responsibility...

real estate - ANSWERLand and things attached to it such as buildings and other improvements to the land - immobile and intangible - natural part of land six most important things in RE - ANSWERlocation (x3) timing (x3) real property - ANSWERconsists of the legal interests associated with ownership of the physical real estate; estate is a right or interest in RE personal property - ANSWERlegal interests in all other types of properties, so movable items such as automobiles, furnitures...

Appraisal (ch.1) correct answers The act of process of developing an opinion of value; an opinion of value. Appraisal Foundation (ch.1) correct answers A nonprofit organization, created by the leading appraisal organizations, which is recognized as the authority for professional appraisal standards. Appraisal Institutie (AI) (ch.1) correct answers Professional organzationfoer appraisers; created in 1990 by the merger of the American Institute of Real Estate Appraisers and society of Reside...

Appraisal Review - The act or process of developing and communicating an opinion about the quality of another appraiser's work that was performed as part of an appraisal, appraisal review, or appraisal consulting assignment Appraisal - The act or process of developing an opinion of value; an opinion of value of or pertaining to appraising and related functions, such as appraisal proactive or appraisal services. Appraisal Practice - Services performed by an individual acting as an appraiser...

assumption - that which is taken to be true. effective date - the date for which value was asstablished by an appraisal. extraordinary assumption - an assumption that a fact is true, directly related to a specific assignment, which could alter the appraisal's opions or conclutions if found to be faulse. general data - information that covers the forces that affect property values, but are not directly related to a particular piece of property. general data covers economic, govermental, soc...