The appraisers license - Study guides, Class notes & Summaries

PA Appraisers License Exam Questions and Answers |100% verified| 2024 How is a diamond condition fixed? By pulling the damage for length. Diamond is a length condition. When measuring a unibody vehicle, it is discovered that the left front rail is 111mm from spec in width. What condition is this? Width is calculated from the center out, so a value of -111mm on the left rail shows sway to the right and in toward centerline.

Principles of Real Estate Questions With Correct Answers. Texas Real Estate Agent A person who is licensed through TREC. Texas Real Estate Commission Does a person who manages, buys, sells, leases, or rents their own property have to be licensed through TREC? No. There are two types of licenses: broker's and salesperson's license What is the most popular division of the real estate market? Residential real estate because there are more transactions in residential in other...

New York State Auto Damage and Theft quiz 17-71 Exam 2023 with complete solution Jim Smith is involved in a collision claim and is no longer able to use the vehicle to go to work. This "loss of use" is referred to as a: Direct loss Indirect loss Loss evaluation Consequential loss Consequential loss When the rear of the vehicle is damaged and there is a gap between the trunk lid and the quarter panel, what else on the vehicle should the appraiser check? The center pillar The trun...

1. The real estate market is local in nature what does that mean? - ANSWER Information about real estate can best be found through local sources, which makes the real estate market local in nature 2. You would expect a real estate licensee to perform all of the following activities, EXCEPT: A. Providing expert knowledge about construction methods and materials B. Providing expert knowledge to members of the public in the performance of specified services of real estate C. Following up wi...

Automotive Damage Appraisers Test Questions and Answers Graded A+. 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...

2024 PA APPRAISERS LICENSE EXAM/ACTUAL EXAM WITH 350 QUESTIONS AND CORRECT VERIFIED ANSWERS/ALREADY GRADED A+ How is a diamond condition fixed? - ANSWER-By pulling the damage for length. Diamond is a length condition. When measuring a unibody vehicle, it is discovered that the left front rail is 111mm from spec in width. What condition is this? - ANSWER-Width is calculated from the center out, so a value of -111mm on the left rail shows sway to the right and in toward centerlin...

PA Appraisers License Exam with 100% verified solutions 2024 How is a diamond condition fixed? By pulling the damage for length. Diamond is a length condition.

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. ...

Which of the following is responsible for determining whether to issue a license approval? - The NMLS - The Governor - The Legislature - The Commissioner - The Commissioner. The Commissioner or state regulator for financial institutions determines licensing eligibility. A subordinate lien that allows a borrower to pay down principal and continue to make withdrawals is known as: - A reverse mortgage - An ARM - A home equity line of credit - A piggyback loan - A home equity line of cred...

Jim Smith is involved in a collision claim and is no longer able to use the vehicle to go to work. This "loss of use" is referred to as a: - Answer- Consequential loss When the rear of the vehicle is damaged and there is a gap between the trunk lid and the quarter panel, what else on the vehicle should the appraiser check? - Answer- The frame rails In auto physical damage insurance, an insured peril cause of loss is known as: - Answer- Direct loss If an appraiser has to forfeit his bo...