Study

Question 1

Someone who is expected to perform valuation services competently in a manner that is a partial an objective

Answer 1

Appraiser

Question 2

Information, appraiser receipts from client and as identified by the client is confidential and he’s not available for any other source

Answer 2

Confidential information

Question 3

The type in extent of research and analysis in an assignment

Answer 3

Scope of work

Question 4


Necessary when the development of a value of opinion uncertain information of the effective date of an assignment results

Answer 4

Extraordinary assumption

Question 5

Contrary what is known

Answer 5

Hypothetical condition

Question 6

A party identified by the appraiser at the time of the assignment

Answer 6

Extended user

Question 7

evaluation services performed by an individual person acting as an appraiser

Answer 7

Appraisal practice

Question 8

Market rent is an example does not have to be total value of property

Answer 8

Appraisal example

Question 9

Those appraiser to have expertise and competent in similar types of assignment

Answer 9

Appraisers peers

Question 10

Any work completed as part of an appraisal or appraisal assignment

Answer 10

Appraisal review assignment

Question 11

Appraisal standard board produces USPAP for

Answer 11

Users in appraisers recording to preamble

Question 12

Valuation services

Answer 12

Real estate, brokerage, appraiser, reviews, automobile, dealerships

Question 13

USPAP applies to an appraiser when

Answer 13

Assisting a client and setting a price for the property to sell

Question 14

USPAP applies to all who when doing Appraisal practice

Answer 14

Appraiser

Question 15

Only used if appraiser applies it or authorizes the use

Answer 15

Electronic signature

Question 16

Appraiser advocating

Answer 16


Not permitted

Question 17

Prior sales of the property should be

Answer 17

Analyze sales within a period prescribed in USPAP

Question 18

States the appraiser must always promote and preserve public trust

Answer 18

Ethics rule

Question 19

Appraiser must do before they engage in an assignment if they lack the knowledge experience to complete

Answer 19


First thing disclose to client

Question 20

Appraiser must do before completing the assignment

Answer 20

You must always in every case, must have the necessary knowledge and experience to complete

Question 21

The extended use of the appraisal is needed to

Answer 21

 Determine the appropriate scope of work

Question 22

Who identifies a relevant characteristics of the property in an assignment?

Answer 22


Appraiser

Question 23

Appraisal report must disclose

Answer 23

 Scope of work appraiser performed in all appraise assignment

Question 24

When is scope of work appropriate?

Answer 24

Had to be credible assignment

Question 25

Appraisal report must include

Answer 25

 A disclosure scope of work that the appraiser for performed in an assignment

Question 26

Presume the balance of USPAP with compliance with a part of USPAP, Law and regulations

Answer 26

Jurisdictional, exception rule

Question 27

An Appraiser must examine what for property with a proposed improvement

Answer 27

 Documentation that is sufficient to identify the extent and character proposed improvementS

Question 28

Who Must always identify the purpose of the appraisal review

Answer 28

Reviewer

Question 29

When Reviewer offers a different value

Answer 29

 Always summarize their additional information and reasoning in the report

Question 30

What must be Summarized in mass appraisal report

Answer 30

 Procedures for collecting validated and recording data

Question 31

Level of trade

Answer 31

 Personal property

Question 32

Identify all revalent and by sell an option agreement

Answer 32

Business interest

Question 33

Approaches to value

Answer 33

 Must be developed for credible assignment results

Question 34

Who is responsible for the scope of work?

Answer 34

 Appraiser

Question 35

When was an appraiser develop an opinion of highest and best use

Answer 35

 Necessary for credible assignment results

Question 36

Final step in Appraisal development

Answer 36

 Reconciliation

Question 37

When is An Appraiser responsibility for the assignment and results of the contents?

Answer 37

 When they sign the certified report

Question 38

appraisal report must contain

Answer 38

Sufficient information to enable intended, user to understand the report

Question 39

If appraiser excludes any approaches to value, what must they do?

Answer 39

 They must state the reason for the exclusion in the report

Question 40

The level of detail an appraisal report is always  determined by

Answer 40

Intended use an intended users

Question 41

How do identify of intended users other than the client are to be communicated in the appraisal report and restricted report

Answer 41

 Appraisal report stated by name or type  Restricted appraisal report only by name

Question 42

Hypothetical condition

Answer 42

 You must clearly and dispicusley disclose it

Question 43

Appraisal report must summarize

Answer 43

The Methods and techniques that were employed by the appraiser