Appraisal course - Study guides, Class notes & Summaries

If an appraisal falls short of the needed value to close the deal, one of four outcomes would result. Which one of the following is NOT one of those 4? - CORRECT ANSWER The seller would raise the selling price in order to make up for the shortfall. Which of the following steps would not be common to complete a mail away closing? - CORRECT ANSWER the agent would sign on the absent persons behalf Your buyers' lender tells you that your buyer will qualify for a loan up to $359,000. The lender...

In which area of brokerage has absentee ownership increased the demand? - Correct answer-Property management How is a real estate appraiser typically paid? - Correct answer-A fee based upon time and difficulty of the appraisal What does the local planning agency have the authority to approve - Correct answer-A subdivision plat map What is it called when a developer gives the land to a government body - Correct answer-Dedication What business is a licensee engaged in who markets, leas...

USPAP 15-hour course Questions and Answers 100% Pass The concept of public trust means that an appraiser must act: in the public's interest USPAP establishes standards that are applicable in the appraisal of: real property, intangible property, and personal property Which statement is TRUE regarding The Appraisal Foundation and USPAP enforcement authority? The Appraisal Foundation does not have the authority to enforce the requirements of USPAP. Which entity is responsible for establishing e...

Test Bank For Leadership Roles and Management Functions in Nursing Theory and Application 11th Edition By Bessie L. Marquis, Carol Jorgensen Huston TEST BANK FOR LEADERSHIP ROLES AND MANAGEMENT FUNCTIONS IN NURSING 10TH EDITION MARQUIS HUSTON TEST BANK Chapter 1: Decision Making, Problem Solving, Critical Thinking, and Clinical Reasoning: Requisites for Successful Leadership and Management Chapter 2: Classical Views of Leadership and Management Chapter 3: Twenty-First-Century Thinking...

Appraisal course

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...

Appraisal course

15-hour National USPAP Course – McKissock Questions and Answers 100% Correct | Updated 2024USPAP 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 y...

National USPAP Course Exam; Questions and Answers (A+) The Appraisal Foundation has the authority to enforce the requirements of USPAP. Answer-False Currently, the boards within the Appraisal Foundation include: Answer-Appraisal Standards Board, Appraisal Qualifications Board, Board of Trustees Which Foundation board is responsible for USPAP? Answer-Appraisal Standards Board Qualification criteria for appraiser certification and recertification are disseminated to state appraisal bo...

Texas Property & Casualty Insurance License Exam with Accurate Answers 2023 In order to be considered legally binding, an insurance contract must include all of the following - Offer and acceptance. Competent parties. Consideration (The four essential elements of all legal contracts are offer and acceptance, consideration, legal purpose, and competent parties.) With respect to a bonded contractor who defaults on a construction performance contract, which of the following statements is...