Uspap appraisal - Study guides, Class notes & Summaries

45 Hour Post License Florida Exam with veried questions & 100% correct answers latest 2024 update graded A+ The __________ prohibits discrimination based on race in the purchase, sale, or lease of real property. - ANSWER>>>Civil Rights Act of 1866 Fair housing laws prohibit ______, ________, and _________. - ANSWER>>>Steering or Channeling, Blockbusting, Redlining absentee owners - ANSWER>>>owners who buy income property as investments and depend on professionals to...

TOTAL = PART/PERCENTAGE PART = TOTAL x PERCENTAGE PERCENTAGE = PART/ TOTAL correct answersFormulas to calculate commission? PRINCIPAL correct answersWhat is the term that describes the money that is lent? CASH TO CLOSE correct answersDown payment minus earnest money? TOTAL SALES PRICE correct answersLoan payment + loan principal? ORIGINATION POINTS correct answersLoan points/fees charged 1% to compensate loan officers for underwriting and administering the loan. DISCOUNT POINTS ...

USPAP contains what 4 sections? CORRECT ANSWERS: 1) The Preamble 2) Definitions 3) Rules 4) Standards USPAP Provides... CORRECT ANSWERS: 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 Appraisal Foundation formed? CORRECT ANSWERS...

USPAP 15-Hour Course With Complete Solutions 2023 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 services - Correct Answer-is not a subs...

Aceable Agent - Principles of Real Estate II Exam Notes with complete solutions 2023TOTAL = PART/PERCENTAGE PART = TOTAL x PERCENTAGE PERCENTAGE = PART/ TOTAL Formulas to calculate commission? PRINCIPAL What is the term that describes the money that is lent? CASH TO CLOSE Down payment minus earnest money? TOTAL SALES PRICE Loan payment + loan principal? ORIGINATION POINTS Loan points/fees charged 1% to compensate loan officers for underwriting and administering...

What does the ethics rule establish? CORRECT ANSWERS: Establishes fundamental obligations of an appraiser as part of the profession Ethics Rule CORRECT ANSWERS: An appraiser must promote and preserve the public trust inherent in professional appraisal practice by observing the highest standards of professional ethics. Requirements of the ethics rule CORRECT ANSWERS: An Appraiser Must: -Not misrepresent his or her role when providing valuation services that are outside of appraisal pr...

National Appraisal USPAP Exam | Study Questions and Answers Graded A | 2024 Guide National Appraisal USPAP Exam | Study Questions and Answers Graded A | 2024 Guide National Appraisal USPAP Exam | Study Questions and Answers Graded A | 2024 Guide

USPAP EXAM (EXAMPLE QUESTIONS AND ANSWERS FROM THE BOOK) Different appraisal regulations among states. - Which is not one of the contributing factors that led to a need for regulation in the appraisal profession?

1.) Which of the following establishes minimum criteria for real property appraiser certification and licensing? aqb 2.) USPAP is enforced by: state regulatory agencies and professional appraisal organizations. 3.) Why are Advisory Opinions issued? To illustrate the applicability of appraisal standards 4.) Which of the following best describes a Comment to a Standards Rule? ... 5.) Which one of the following is an assignment condition? Extraordinary assumption ...