MCKISSOCK BASIC APPRAISAL PRINCIPLES EXAM | WITH 100% CORRECT ANSWERS | GRADED +

grant deed ANSWER: deed containing, or having implied by law, some but not all of the usual covenants of title Appraiser ANSWER: One who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective. report ANSWER: any communication, written or oral, of an appraisal or appraisal review that is transmitted to the client or a party authorized by the client upon completion of an assignment. narrative report ANSWER: A written communication of the results of a valuation or review assignment presented to the client in narrative style rather than on a form or orally. The AQB ANSWER: charged with establishing the qualifications that all the states must meet in licensing, certification and re-certification of appraisers. january 8th, 2008 ANSWER: Major changes to the Criteria went into effect May 1, 2018 ANSWER: Additional revisions were made effective four components of the Real Property Appraiser Qualification Criteria ANSWER: qualifying ed, education, examinations, continuing ed The Appraisal Foundation ANSWER: not-for-profit organization, established exclusively for educational and scientific purposes. After The Appraisal Foundation was formed, the Uniform Standards of Professional Appraisal Practice ANSWER: was formally adopted by the Appraisal Standards Board (ASB) in January 1989. The Appraisal Foundation has three principal boards: ANSWER: Board of Trustees (BOT) Appraisal Standards Board (ASB) Appraiser Qualifications Board (AQB) The BOT ANSWER: acts as an executive board for the Foundation. The ASB ANSWER: responsible for creating standards for ethics and performance of appraisers. Uniform Standards of Professional Appraisal Practice (USPAP) ANSWER: was developed by the Ad Hoc Committee in 1986 and 1987 and was copyrighted in 1987 by The Appraisal Foundation. At its first meeting in 1989, the Appraisal Standards Board (ASB