An appraiser must be - Study guides, Class notes & Summaries
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Basic Appraisal Procedures – McKissock test questions with verified solutions 2024.
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Valuation process 
A systematic procedure used in the valuation of real property. 
 
Steps: 
1: Define the problem 
 
2:Determine scope of work 
 
3:Gather, record, and verify the data 
 
4:Determine the highest and best use 
 
5:Estimate the land value 
 
6:Estimate value by each of the three approaches (if applicable) 
 
7:Reconcile the estimated values into the final opinion of value 
 
8:Report the final opinion of value 
 
 
 
Client 
The party or parties who engage, by employment or contra...
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New York State Auto Damage and Theft questions 17-71| Correct Answers| Verified
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Jim Smith is involved in a collision claim and is no longer able to use the vehicle to go to work. This "loss of use" is referred to as a: 
 
Direct loss 
Indirect loss 
Loss evaluation 
Consequential loss - ANSWERSConsequential loss 
 
When the rear of the vehicle is damaged and there is a gap between the trunk lid and the quarter panel, what else on the vehicle should the appraiser check? 
 
The center pillar 
The trunk floor 
The quarter panels 
The frame rails - ANSWERSThe frame rail...
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PA Motor Vehicle Damage Appraiser's License-Exam Questions and Answers
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Applicant Age - ANSWER-18 years or older 
 
How long do you have to wait to be eligible to retake an examination if you fail? - ANSWER-30 days 
 
The Commissioner will prescribe the form of the appraiser's license and it will contain: - ANSWER-Name of the appraiser 
Address of the appraiser's place of business 
Date of issuance and expiration date of license 
Any other information which the commissioner determines is necessary 
 
Experience and Fitness requirements for Licensing - ANSWER--A mi...
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45 Hour Post License Real Estate Florida Test Questions With Answers Latest Updated 2024/2025 | 100% Verified.
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45 Hour Post License Real Estate Florida Test Questions With Answers Latest Updated 2024/2025 | 100% Verified. When consumers, lured by lower prices, venture back into the market, business activity increases 
and confidence begins to return. Slowly, production facilities gear up to meet the new consumer 
demand, capital begins to flow back into business enterprises, and additional employees are 
hired. 
The three types of operating expenses of an income property are 
A) 
fixed, debt service, and...
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New York State Auto Damage and Theft quiz 17-71 with correct answers
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Jim Smith is involved in a collision claim and is no longer able to use the vehicle to go to work. This "loss of use" is referred to as a: 
 
Direct loss 
Indirect loss 
Loss evaluation 
Consequential loss 
Consequential loss 
 
 
 
When the rear of the vehicle is damaged and there is a gap between the trunk lid and the quarter panel, what else on the vehicle should the appraiser check? 
 
The center pillar 
The trunk floor 
The quarter panels 
The frame rails 
The frame rails 
 
 
 
In auto p...
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McKissock Basic Appraisal Principles I Final Exam Quiz 100% Solved
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McKissock Basic Appraisal Principles I Final Exam Quiz 100% Solved The _____ has oversight authority over state appraisal boards. ASC (Appraisal Subcommittee) 
Which of the below is a requirement of a valid real estate contract? consideration, in writing and signed, and lawful objective 
"The interaction of buyers and sellers who trade long-term or intermediate-term money instruments" is the definition of the _____________ market. capital 
An analysis of the market conditions of supply, demand...
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USPAP 15-hour course Questions and Answers 100% Pass
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USPAP 15-hour course Questions and Answers 100% Pass The concept of public trust means that an appraiser must act: in the public's interest 
USPAP establishes standards that are applicable in the appraisal of: real property, intangible property, and personal property 
Which statement is TRUE regarding The Appraisal Foundation and USPAP enforcement authority? The Appraisal Foundation does not have the authority to enforce the requirements of USPAP. 
Which entity is responsible for establishing e...
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Sales Associate Pre-License Course Florida Real Estate Exam 2023/2024
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Sales Associate Pre-License Course Florida Real Estate Exam 2023/2024 
 
What does the term "farming" refer to in real estate? - ANSWER-Specializing in one geographic area 
 
A developer contracts to build a home according to the buyer's specifications. This is an example of which type of building? - ANSWER-Custom 
 
The federal, state, and local governments all play a role in the regulation of real estate. In which of the following area would the LOCAL government have the most impact? - ANSW...
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PA Appraisal License 16-20 Auto Physical Damage Exam Questions and Answers 100% Solved
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PA Appraisal License 16-20 Auto Physical 
Damage Exam Questions and 
Answers 100% Solved 
In PA, a consumer reporting agency may list all of the following information about a consumer 
EXCEPT: - answerMedical Information 
The device that synchronizes the spark plug firing sequence is: - answerCamshaft Sensor 
If an insured fail to report a claim in a timely fashion the adjuster will usually: - answerSend 
the insured a reservation of rights letter 
When using a dedicated bench fixture to measure...
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National USPAP Course Exam 172 Questions with Answers,100% CORRECT
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National USPAP Course Exam 172 Questions with Answers 
 
The Appraisal Foundation has the authority to enforce the requirements of USPAP. - CORRECT ANSWER False 
 
Currently, the boards within the Appraisal Foundation include: - CORRECT ANSWER Appraisal Standards Board, Appraisal Qualifications Board, Board of Trustees 
 
Which Foundation board is responsible for USPAP? - CORRECT ANSWER Appraisal Standards Board 
 
Qualification criteria for appraiser certification and recertification are dissem...
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