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REE 4103 Ch 5 Quiz (1).
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REE 4103 Ch 5 Quiz (1).
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REE 4103 Ch 5 QuizThe intended use of the appraisal is the appraiser's intent regarding the manner in
which the appraisal report will be used. The inteded use might relate to all of the
following except:
Financing
Fraudulent listing
Divorce
Charitable donation - ANS-Fraudulent listing
If a client requests that the intended user not be identified in the report, the appraiser
must include in the report that the identity of the intended user is being withheld upon
request.
True
False - ANS-True
If an appraiser presumes uncertain information to be factual, they are making:
a violation of USPAP.
an extraordinary assumption.
a hypothetical condition
a statement regarding a hypothetical condition. - ANS-an extraordinary assumption
Something that is known to be contrary to fact as of the effective date of the appraisal
but that is taken to be true for the pruposes of the appraisal is an example of a/an:
Hypothecial condition
Illegal appraisal
Detrimental uncertainty
Extraordinary assumption - ANS-Hypothetical condition
A client may request that the intended user not be identified in the appraisal report.
True
False - ANS-True
The intended use is the key driver in determining the appropriate scope of work for the
assignment.
True
False - ANS-True
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