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PA Mandated Law for Appraisers questions with accurate answers.
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PA Mandated Law for Appraisers questions with accurate answers.
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PA Mandated Law for Appraisersquestions with accurate answers.
If an appraiser's certificate has been revoked by the Board, he or she is prohibited from ever applying for
an appraisal certification again. ANS -FALSE
Which of these is NOT a specific power of the State Board of Certified Real Estate Appraisers, per Act
98? ANS -editing USPAP
Which of the following is a violation of Act 98? ANS -making an appraisal fee contingent upon a property
owner's tax assessment being lowered
If disciplinary action is taken against a PA appraiser by another state on January 5, 2015, which of the
following statements is TRUE? ANS -The appraiser must report the disciplinary action to the PA Board
within 90 days.
Failure to return a revoked certificate to the Board office is considered: ANS -a misdemeanor of the third
degree
If a prospective client asks an appraiser to accept a reduced fee if the subject property does not appraise
for at least $200,000: ANS -the appraiser would violate Act 98 by accepting the assignment under these
terms
Which of the following statements is TRUE? ANS -PA has absolutely no limitation on certificate holders
as to the dollar value of the property they may appraise
A certified residential appraiser is only permitted to appraise 1-4 family residential property with a
transaction value of less than $1 million. ANS -FALSE
If an individual in Pennsylvania wishes to accumulate experience in order to become a certified
appraiser, he or she: ANS -must become licensed as a trainee
, The current AQB experience hour requirement for residential certification is: ANS -2,500 hours, over no
fewer than 24 months
Which of the following statements is TRUE regarding the definition of "appraisal" found in Chapter 36?
ANS -The definition refers specifically to a "written" report.
A $40 annual fee per appraiser is paid to the ____________ National Registry. ANS -Appraisal
Subcommittee (ASC)
The experience requirements for a general certification specify: ANS -at least 1,500 hours of non-
residential work
Title 49, Chapter 36 of the PA Code is also known as the: ANS -Rules and Regulations of the State Board
of Certified Real Estate Appraisers
Bob, a PA certified residential appraiser, let his certification lapse for five biennial renewal cycles and
wishes to renew it now. What must he do? ANS -take 140 hours of continuing education
Recent federal legislation increased the national ASC registry fee for certified residential and general
appraisers to: ANS -$40 per appraiser per year
The criteria for appraiser certification effective January 1, 2015 were issued by the: ANS -Appraiser
Qualifications Board (AQB)
Applicant Amy submits her application for general certification. She has accumulated exactly 3,000
experience hours. Which of these statements is TRUE regarding Amy's experience requirement? ANS -At
least 1,500 hours must be in non-residential appraisal work.
If Anne begins to accumulate her experience hours for a Certified Residential Appraiser credential in July
2014, when is the earliest she will be able to meet the experience requirement? ANS -July 2016
A licensed appraisal trainee in Pennsylvania is permitted to work under the supervision of a
broker/appraiser. ANS -false
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