1 Exam (elaborations) McKissock Liberty University -15-hour National USPAP Course - McKissock rated A+ 2 Exam (elaborations) McKissock Liberty University -Appraisal Procedures - Mckissock Quiz Questions well answered 3 Exam (elaborations) McKissock Liberty University -Basic Appraisal Principles F...
[Show more]
Valuation Process Systematic set of procedures an appraiser follows to provide answers to a clients questions about real property value Appraisal Process 1. Define Problem 2. Determine scope of work 3. Gather Record & verify dat 4. determine highest and best use 5. estimate land value ...
Preview 2 out of 15 pages
Add to cartValuation Process Systematic set of procedures an appraiser follows to provide answers to a clients questions about real property value Appraisal Process 1. Define Problem 2. Determine scope of work 3. Gather Record & verify dat 4. determine highest and best use 5. estimate land value ...
McKissock Liberty University - fully solvedCurrently, the boards within The Appraisal Foundation include: - correct answer Appraisal Standards Board, Appraiser Qualifications Board, Board of Trustees Which Foundation board is responsible for USPAP? - correct answer Appraisal Standards Board (ASB)...
Preview 2 out of 8 pages
Add to cartMcKissock Liberty University - fully solvedCurrently, the boards within The Appraisal Foundation include: - correct answer Appraisal Standards Board, Appraiser Qualifications Board, Board of Trustees Which Foundation board is responsible for USPAP? - correct answer Appraisal Standards Board (ASB)...
McKissock Liberty University -The Fundamentals of Appraising Luxury Homes well Which of the following is FALSE regarding most luxury home buyers? - correct answer They are attuned to current construction costs and will relinquish technology and amenities to save costs. Luxury homebuyers purchasin...
Preview 2 out of 9 pages
Add to cartMcKissock Liberty University -The Fundamentals of Appraising Luxury Homes well Which of the following is FALSE regarding most luxury home buyers? - correct answer They are attuned to current construction costs and will relinquish technology and amenities to save costs. Luxury homebuyers purchasin...
McKissock Liberty University -Supervisor-Trainee Course for Ohio Currently, what is the annual national registry fee per appraiser? - correct answer $40 The Dodd-Frank Act of 2010 requires the ASC to create and maintain a national registry of: - correct answer Appraisal management companies Wh...
Preview 2 out of 14 pages
Add to cartMcKissock Liberty University -Supervisor-Trainee Course for Ohio Currently, what is the annual national registry fee per appraiser? - correct answer $40 The Dodd-Frank Act of 2010 requires the ASC to create and maintain a national registry of: - correct answer Appraisal management companies Wh...
McKissock Liberty University -Sales Comparison Approach McKissock Class with correct answers What is created in the mind of an individual or market participant? - correct answer Value What is the motivation of an individual, group of persons, or business entity involving the purchase of an item?...
Preview 4 out of 37 pages
Add to cartMcKissock Liberty University -Sales Comparison Approach McKissock Class with correct answers What is created in the mind of an individual or market participant? - correct answer Value What is the motivation of an individual, group of persons, or business entity involving the purchase of an item?...
McKissock Liberty University -Residential Market Analysis and Highest & Best Use fully solvedA property owner constructs a six-car garage at a cost of $80,000. It only adds $40,000 in value to the property. What economic principle does this best demonstrate? - correct answer Contribution What are...
Preview 4 out of 31 pages
Add to cartMcKissock Liberty University -Residential Market Analysis and Highest & Best Use fully solvedA property owner constructs a six-car garage at a cost of $80,000. It only adds $40,000 in value to the property. What economic principle does this best demonstrate? - correct answer Contribution What are...
McKissock Liberty University -Reconciliation Key Terms - McKissock with complete solutionsthe process of considering the quantity and quality of data available. It is required in all appraisal assignments, and it is not a simple matter of averaging or checking the work for errors. - correct answer r...
Preview 2 out of 5 pages
Add to cartMcKissock Liberty University -Reconciliation Key Terms - McKissock with complete solutionsthe process of considering the quantity and quality of data available. It is required in all appraisal assignments, and it is not a simple matter of averaging or checking the work for errors. - correct answer r...
McKissock Liberty University -Real estate appraisal principles and procedures with verified solutions REAL ESTATE Is the physical land and improvements Real property Is "the interest, benefits, and rights inherent to the ownership of real estate". These include the land, anything perman...
Preview 3 out of 26 pages
Add to cartMcKissock Liberty University -Real estate appraisal principles and procedures with verified solutions REAL ESTATE Is the physical land and improvements Real property Is "the interest, benefits, and rights inherent to the ownership of real estate". These include the land, anything perman...
McKissock Liberty University -Principles of USPAP McKissok with complete solutionsThe Appraisal Practices Board (ADB) - correct answer Which independent board was created within The Appraisal Foundation in 2010? The Appraisal Foundation does not have the authority to enforce the requirements of U...
Preview 3 out of 21 pages
Add to cartMcKissock Liberty University -Principles of USPAP McKissok with complete solutionsThe Appraisal Practices Board (ADB) - correct answer Which independent board was created within The Appraisal Foundation in 2010? The Appraisal Foundation does not have the authority to enforce the requirements of U...
McKissock-Land and Site Valuation_________ is one of the four agents of production in economic theory. - correct answer Land Which is NOT a true statement? - correct answer The "Land Appraisal Report" is a Fannie Mae form. Land, as a physical entity, includes all of the following components ...
Preview 2 out of 5 pages
Add to cartMcKissock-Land and Site Valuation_________ is one of the four agents of production in economic theory. - correct answer Land Which is NOT a true statement? - correct answer The "Land Appraisal Report" is a Fannie Mae form. Land, as a physical entity, includes all of the following components ...
McKissock Liberty University -McKissock USPAP Chapter 8 questions with answersStandard 2 States... - correct answer In reporting the results of a real property appraisal, an appraiser must communicate each analysis, opinion, and conclusion in a manner that is not misleading. Report - correct answ...
Preview 1 out of 3 pages
Add to cartMcKissock Liberty University -McKissock USPAP Chapter 8 questions with answersStandard 2 States... - correct answer In reporting the results of a real property appraisal, an appraiser must communicate each analysis, opinion, and conclusion in a manner that is not misleading. Report - correct answ...
McKissock Liberty University -McKissock USPAP Chapter 4 questions with complete solutions What does the ethics rule establish? - correct answer Establishes fundamental obligations of an appraiser as part of the profession Ethics Rule - correct answer An appraiser must promote and preserve the p...
Preview 1 out of 4 pages
Add to cartMcKissock Liberty University -McKissock USPAP Chapter 4 questions with complete solutions What does the ethics rule establish? - correct answer Establishes fundamental obligations of an appraiser as part of the profession Ethics Rule - correct answer An appraiser must promote and preserve the p...
McKissock Liberty University -McKissock USPAP Chapter 1 all answered USPAP Provides... - correct answer 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 use...
Preview 1 out of 3 pages
Add to cartMcKissock Liberty University -McKissock USPAP Chapter 1 all answered USPAP Provides... - correct answer 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 use...
McKissock Liberty University -McKissock Learning - Basic Appraisal Principles well answered"A document or a clause in a document in which the borrower accepts responsibility for the repayment of a debt" is the definition of: A) CC&R B) bond C) mortgage note D) debt - correct answer mortgage note ...
Preview 3 out of 23 pages
Add to cartMcKissock Liberty University -McKissock Learning - Basic Appraisal Principles well answered"A document or a clause in a document in which the borrower accepts responsibility for the repayment of a debt" is the definition of: A) CC&R B) bond C) mortgage note D) debt - correct answer mortgage note ...
McKissock Liberty University -McKissock Basic Appraisal Principles questions with answers rated A+grant deed - correct answer deed containing, or having implied by law, some but not all of the usual covenants of title Appraiser - correct answer One who is expected to perform valuation services co...
Preview 4 out of 49 pages
Add to cartMcKissock Liberty University -McKissock Basic Appraisal Principles questions with answers rated A+grant deed - correct answer deed containing, or having implied by law, some but not all of the usual covenants of title Appraiser - correct answer One who is expected to perform valuation services co...
McKissock Liberty University -mckissock basic appraisal principles well solved
Preview 3 out of 17 pages
Add to cartMcKissock Liberty University -mckissock basic appraisal principles well solved
McKissock Liberty University -McKissock Basic Appraisal Principles I Final Exam Quiz with answers ASC (Appraisal Subcommittee) - correct answer The _____ has oversight authority over state appraisal boards. consideration, in writing and signed, and lawful objective - correct answer Which of the b...
Preview 2 out of 9 pages
Add to cartMcKissock Liberty University -McKissock Basic Appraisal Principles I Final Exam Quiz with answers ASC (Appraisal Subcommittee) - correct answer The _____ has oversight authority over state appraisal boards. consideration, in writing and signed, and lawful objective - correct answer Which of the b...
McKissock Liberty University -McKissock Appraisal Procedures question n answers graded A+A single unit residence sold for $126,000. It was rented for $1,100 per month but the market rent was $1,200. What is the GRM indicated by this sale? - correct answer 105.0 A building was constructed in July ...
Preview 2 out of 14 pages
Add to cartMcKissock Liberty University -McKissock Appraisal Procedures question n answers graded A+A single unit residence sold for $126,000. It was rented for $1,100 per month but the market rent was $1,200. What is the GRM indicated by this sale? - correct answer 105.0 A building was constructed in July ...
McKissock Liberty University -McKissock - General Report Writing and Case Studies fully solvedAppraisal - correct answer "(noun) The act or process of developing an opinion of value. an opinion of value; (adjective) of or pertaining to appraising and related functions such as appraisal practice or...
Preview 4 out of 112 pages
Add to cartMcKissock Liberty University -McKissock - General Report Writing and Case Studies fully solvedAppraisal - correct answer "(noun) The act or process of developing an opinion of value. an opinion of value; (adjective) of or pertaining to appraising and related functions such as appraisal practice or...
McKissock Liberty University -McKissock - Basic Appraisal Principles- GA Ch.10 fully solvedWhich of the following typically incurs the highest burden of management? savings account money market certificate of deposit real estate - correct answer real estate True or False? Stocks are considere...
Preview 2 out of 5 pages
Add to cartMcKissock Liberty University -McKissock - Basic Appraisal Principles- GA Ch.10 fully solvedWhich of the following typically incurs the highest burden of management? savings account money market certificate of deposit real estate - correct answer real estate True or False? Stocks are considere...
Chp.1 Basic Appraisal Principles, USPAP defines an appraiser as.... - correct answer one who performs valuation services in a manner that is independent, impartial, and objective. FIRREA stands for - correct answer Financial Institutions Reform, Recovery, and Enforcement Act of 1989 What is on...
Preview 1 out of 2 pages
Add to cartChp.1 Basic Appraisal Principles, USPAP defines an appraiser as.... - correct answer one who performs valuation services in a manner that is independent, impartial, and objective. FIRREA stands for - correct answer Financial Institutions Reform, Recovery, and Enforcement Act of 1989 What is on...
McKissock Liberty University -Basic Appraisal Procedures McKissock questions with correct answersValuation Process - correct answer Systematic set of procedures an appraiser follows to provide answers to a clients questions about real property value Appraisal Process - correct answer 1. Define Pr...
Preview 2 out of 15 pages
Add to cartMcKissock Liberty University -Basic Appraisal Procedures McKissock questions with correct answersValuation Process - correct answer Systematic set of procedures an appraiser follows to provide answers to a clients questions about real property value Appraisal Process - correct answer 1. Define Pr...
McKissock Liberty University -Basic Appraisal Procedures Chapter 12 - Comprehensive Review Quiz updated already passedA property has a cost new of $350,000. It has an effective age of 20 years and a total expected economic life of 65 years. There are curable items totaling $45,000. If they are cured...
Preview 2 out of 8 pages
Add to cartMcKissock Liberty University -Basic Appraisal Procedures Chapter 12 - Comprehensive Review Quiz updated already passedA property has a cost new of $350,000. It has an effective age of 20 years and a total expected economic life of 65 years. There are curable items totaling $45,000. If they are cured...
McKissock Liberty University -Basic Appraisal Procedures - McKissock correctly answeredValuation process - correct answer A systematic procedure used in the valuation of real property. Client - correct answer The party or parties who engage, by employment or contract, an appraiser in a specific a...
Preview 3 out of 16 pages
Add to cartMcKissock Liberty University -Basic Appraisal Procedures - McKissock correctly answeredValuation process - correct answer A systematic procedure used in the valuation of real property. Client - correct answer The party or parties who engage, by employment or contract, an appraiser in a specific a...
McKissock Liberty University -Basic Appraisal Principles Final Exam with answersIn a particular market, there is a demand for 500 houses per year, and there are currently 1,500 houses for sale. What does this most likely indicate? - correct answer there is a three-year supply of homes currently for...
Preview 2 out of 8 pages
Add to cartMcKissock Liberty University -Basic Appraisal Principles Final Exam with answersIn a particular market, there is a demand for 500 houses per year, and there are currently 1,500 houses for sale. What does this most likely indicate? - correct answer there is a three-year supply of homes currently for...
McKissock Liberty University -Appraisal Procedures - Mckissock Quiz Questions well answeredTrue or False: An appraiser's client must always directly engage the appraiser. - correct answer False A step-by-step procedure that can be applied to any type of appraisal assignment is - correct answer T...
Preview 3 out of 22 pages
Add to cartMcKissock Liberty University -Appraisal Procedures - Mckissock Quiz Questions well answeredTrue or False: An appraiser's client must always directly engage the appraiser. - correct answer False A step-by-step procedure that can be applied to any type of appraisal assignment is - correct answer T...
McKissock Liberty University -15-hour National USPAP Course - McKissock rated A+ USPAP contains what 4 sections? - correct answer 1) The Preamble 2) Definitions 3) Rules 4) Standards USPAP Provides... - correct answer 1. A common basis for comparison 2. A reference source for all users of t...
Preview 3 out of 16 pages
Add to cartMcKissock Liberty University -15-hour National USPAP Course - McKissock rated A+ USPAP contains what 4 sections? - correct answer 1) The Preamble 2) Definitions 3) Rules 4) Standards USPAP Provides... - correct answer 1. A common basis for comparison 2. A reference source for all users of t...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller BravelRadon. Stuvia facilitates payment to the seller.
No, you only buy these notes for $45.49. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
