Uspap law and regulations - Study guides, Class notes & Summaries
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USPAP Study Guide exam 242 Questions with Answers,100% CORRECT
- Exam (elaborations) • 26 pages • 2023
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USPAP Study Guide exam 242 Questions with Answers 
 
Different appraisal regulations among states. - CORRECT ANSWER Which is not one of the contributing factors that led to a need for regulation in the appraisal profession? 
 
Appraisal Subcommittee (ASC) - CORRECT ANSWER Responsible for the Federal oversight of state real estate licensing and certification 
 
TRUE - CORRECT ANSWER (T/F) The AppraisalSubcommittee monitors the activities of TAF to determine if policies and procedures are consiste...
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7 Hour USPAP Exam 128 Questions with Answers,100% CORRECT
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7 Hour USPAP Exam 128 Questions with Answers 
 
What is true about an appraiser's description of the physical characteristics of a property? 
a) The physical chracteristics are treated as outside the appraisal practice 
b) The physical characteristics are not assignment results. 
c) The pyhsical characteristics must be verified with public records if the data is available through the normal course of business. 
d) The physical characteristics are confidential information. - CORRECT ANSWER b) Th...
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USPAP Exam 152 Questions with Answers 2023,100% CORRECT
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USPAP Exam 152 Questions with Answers 2023 
 
 
The appraiser could accept the assignment (as a new assignment) - CORRECT ANSWER as long as proper disclosure is made regarding the prior assignment & any confidential in formation is handled appropriately. 
 
in a deed being used in a purchase transaction, who is the grantee? - CORRECT ANSWER The party receiving title - "purchaser" is known as the grantee. 
 
Any services provided by an appraiser, other than an appraisal or appraisal review, wou...
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USPAP Exam with 100% Correct Answers 2023
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USPAP Exam with 100% Correct 
Answers 2023 
Financial chaos began in the US during the - Correct Answer-1929 stock market crash 
after the great depression 
In the 1950s-70s double continued with - Correct Answer--Works related areas 
-Property taxation 
-Federal housing programs 
1990s trouble was because of... - Correct Answer-Mortgage scams and illegal house 
flipping. 
1980s trouble was because of... - Correct Answer-the Savings and Loans Crisis 
1990s to 2000s trouble was from... - Correct ...
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Gold Coast School Real Estate Questions Ch.1-19||Complete Questions with 100% Correct Answers
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Gold Coast School Real Estate Questions Ch.1-19||Complete Questions with 100% Correct Answers 
1. The real estate market is local in nature what does that mean? 
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...
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Florida real estate business (2022/2023) Already Graded A
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Florida real estate business (2022/2023) Already Graded A Florida real estate Residential property in Florida is a family home that is a single family dwelling, a duplex, a triplex (3units) or a quad (4 units) or vacant land that has been zoned for 4 units or less. Farm/Agriculture residential is a family home on less than 10 acres land. Commercial property is income producing property such as a retail center or an apartment complex of more than four units. The real estate professional must be a...
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USPAP EXAM 2023 WITH THE LATEST UPDATE
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Standards 1-10 
Address value, not price 
 
 
 
Advisory Opinions 
Are issued to illustrate the applicability of appraisal standards in specific situations and to offer advice from the ASB for the resolution of appraisal issues and problems. 
 
 
 
Appraisal Practice 
Performed only by the appraiser 
 
 
 
An opinion that expresses an economic concept 
Value 
 
 
 
Compliance with USPAP is required when either the service or the appraiser is obligated to comply by 
Law 
Regulation 
Agreement (wi...
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MN Course 1 Exam Prep: Licensing, Agency, and Contracts questions and answers latest top score.
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MN Course 1 Exam Prep: Licensing, Agency, and Contracts questions and answers latest top score. 
 
 
 
 
 
 
 
 
 
 
 
 
How many hours of education must an applicant for a salesperson's license take in Minnesota before sitting for the exam? - correct answers.30 (Course 1) 
 
How many hours of education must an applicant for a salesperson's license take in Minnesota before applying for a license? - correct answers.90 (Courses 1, 2, and 3) 
 
What's a passing percentage for the Minnesota sales...
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National Uniform Standards of Professional Appraisal Practice Exam With Complete Solutions.
- Exam (elaborations) • 31 pages • 2022
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Which entity is responsible for establishing education and experience requirements for licensing and certification of appraisers? 
Appraiser Qualifications Board (AQB) 
 
 
 
The guidance issued by the Appraisal Practices Board is considered: 
Voluntary 
 
 
 
USPAP is developed, interpreted, and amended by the: 
Appraisal Standards Board (ASB) 
 
The Appraisal Standards Board (ASB) develops, interprets, and amends USPAP. 
 
 
 
Advisory Opinions are best described as 
not part of USPAP, but inc...
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Gold Coast School Real Estate Graded A+ Questions Ch.1-19 with correct Answers
- Exam (elaborations) • 17 pages • 2023
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Gold Coast School Real Estate Graded A+ Questions Ch.1-19 with correct Answers. 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 publi...
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