Uspap practice exam with - Study guides, Class notes & Summaries
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Florida Real Estate U Final Exam Questions & Answers(RATED A)
- Exam (elaborations) • 39 pages • 2023
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An appraisal can be completed by which of the following? 
 
A home inspector 
A real estate broker 
A licensed appraiser using USPAP standards 
A mortgage loan originator - ANSWERA licensed appraiser using USPAP standards 
 
What is a BPO? 
 
Broker Price Opinion 
Best Practice Organization 
Best Prospective Offer 
Beyond Present Opportunities - ANSWERBroker Price Opinion 
 
Which of the following is incorrect? 
 
Farming methods include Direct Mail and Just Listed Post Cards. 
Farming only invo...
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USPAP PRACTICE EXAM WITH QUESTIONS AND VERIFIED ANSWERS[ACTUAL EXAM 100%]
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USPAP PRACTICE EXAM 
WITH QUESTIONS AND 
VERIFIED ANSWERS[ACTUAL 
EXAM 100%] 
Different appraisal regulations among states. - ANS---Which is not 
one of the contributing factors that led to a need for regulation in the 
appraisal profession? 
Appraisal Subcommittee (ASC) - ANS---Responsible for the Federal 
oversight of state real estate licensing and certification 
Appraisal Subcommittee (ASC) - ANS---Which board maintains the 
official National Registry of appraisers? 
Appraisal Practic...
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USPAP Practice Exam EXAM LATEST 2023- 2024 ACTUAL EXAM 55 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
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USPAP Practice Exam EXAM LATEST 2023- 
2024 ACTUAL EXAM 55 QUESTIONS AND 
CORRECT ANSWERS (VERIFIED ANSWERS) 
|ALREADY GRADED A+ 
The PREAMBLE states the purpose of USPAP is 
to promote and maintain a high level of public _____ 
in appraisal practice by establishing requirements for appraisers. 
A) Awareness 
B) Recognition 
C) Support 
D) Trust - CORRECT D) Trust 
USPAP benefits providers of appraisal services and 
a. the Appraisal Standards Board. 
b. disinterested parties. 
c. federal off...
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USPAP Practice Exam EXAM LATEST 2023- 2024 ACTUAL EXAM 55 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
- Exam (elaborations) • 20 pages • 2023
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USPAP Practice Exam EXAM LATEST 2023- 
2024 ACTUAL EXAM 55 QUESTIONS AND 
CORRECT ANSWERS (VERIFIED ANSWERS) 
|ALREADY GRADED A+ 
The PREAMBLE states the purpose of USPAP is 
to promote and maintain a high level of public _____ 
in appraisal practice by establishing requirements for appraisers. 
A) Awareness 
B) Recognition 
C) Support 
D) Trust - CORRECT D) Trust 
USPAP benefits providers of appraisal services and 
a. the Appraisal Standards Board. 
b. disinterested parties. 
c. federal off...
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McKissock Basic Appraisal Principles Exam QUESTIONS With Answers Latest 2024/2025 Graded A+.
- Exam (elaborations) • 39 pages • 2024
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McKissock Basic Appraisal Principles Exam QUESTIONS With Answers Latest 2024/2025 Graded A+. The primary purpose of USPAP is to protect CORRECT ANSWERS: public trust 
Normally the first step in highest and best use analysis is to research the uses that are 
CORRECT ANSWERS: legally permissible 
An appraiser is appraising a property with two structures on one tract of land. The client asks the 
appraiser not to mention the second structure, as it is in poor condition. Which statement is 
TRUE reg...
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USPAP EXAM, FINAL EXAM, PRACTICE EXAM ,PROGRESS EXAM AND COURSE EXAM LATEST 20232024 ACTUAL EXAM TEST BANK 500 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES(VERIFIED ANSWERS) |ALREADY GRADED A+
- Exam (elaborations) • 194 pages • 2023
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USPAP EXAM, FINAL EXAM, PRACTICE EXAM ,PROGRESS EXAM AND COURSE EXAM LATEST ACTUAL EXAM TEST BANK 500 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES(VERIFIED ANSWERS) |ALREADY GRADED A+
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BOB HOGUE SALES ASSOCIATE EXAM REVIEW | 500+ ACTUAL QUESTIONS AND ANSWERS VERIFIED BY EXPERT | UPDATED 2024-2025
- Exam (elaborations) • 114 pages • 2024
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BOB HOGUE SALES ASSOCIATE EXAM REVIEW | 500+ ACTUAL QUESTIONS AND ANSWERS VERIFIED BY EXPERT | UPDATED 
 
the product that real estate licensees market is information 
 
knowledge of property transfer, knowledge of market conditions, knowledge of how to market real estate or business 
 
a competent licensed real estate professional must know the economic and legal intricacies associated with transfers of - title, property taxes, financing, and local zoning ordinances 
 
to be successful, licens...
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USPAP Mckissock Exam Questions and Answers Latest Update 2024/2025 | Graded A+.
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USPAP Mckissock Exam Questions and Answers Latest Update 2024/2025 | Graded A+. Which Foundation board is responsible for USPAP? - correct answer Appraisal Standards Board (ASB) 
Which entity appoints members of the AQB and ASB? - correct answer Board of Trustees (BOT) 
Qualification criteria for appraiser certification and recertification are disseminated to state appraisal 
board by the? - correct answer Appraiser Qualifications Board 
Which entity is responsible for establishing education and...
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McKissock Basic Appraisal Principles Exam Questions With Correct Answers Latest 2024/2025 (Graded A+)
- Exam (elaborations) • 39 pages • 2024
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McKissock Basic Appraisal Principles Exam Questions With Correct Answers Latest 2024/2025 (Graded A+) Which entity is responsible for establishing the requirements to become an appraiser? 
CORRECT ANSWERS: the AQB 
True or False: An applicant for Certified General appraiser must possess at least an associate's 
degree from an accredited college or university. CORRECT ANSWERS: False 
The requirements for state licensed and certified appraisers had their genesis in CORRECT 
ANSWERS: FIRREA 
An ap...
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Aceable Agent - Principles of Real Estate II Exam 2023 with 100%Correct Answers.
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Aceable Agent - Principles of Real Estate II Exam 2023 with 100%Correct Answers. 
TOTAL = PART/PERCENTAGE 
PART = TOTAL x PERCENTAGE 
PERCENTAGE = PART/ TOTAL - correct answer -Formulas to calculate commission? 
PRINCIPAL - correct answer -What is the term that describes the money that is lent? 
CASH TO CLOSE - correct answer -Down payment minus earnest money? 
TOTAL SALES PRICE - correct answer -Loan payment + loan principal? 
ORIGINATION POINTS - correct answer -Loan points/fees charged 1% to ...
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