Mckissoc - Study guides, Class notes & Summaries

15 HR National USPAP , USPAP 15-Hour Course, 15-Hour USPAP Course, McKissock USPAP Chapter 1, McKissock USPAP Chapter 2 (Definitions), McKissock USPAP Chapter 4, McKissock USPAP Chapter 7, McKissock USPAP Chapter 8, McKissock USPAP Chapter 9...

McKissock Liberty University -Sales Comparison Approach McKissock Class with correct answers What is created in the mind of an individual or market participant? - correct answer Value What is the motivation of an individual, group of persons, or business entity involving the purchase of an item? - correct answer Desire As the term applies to appraisal, transferability refers to the number of goods and services that can be purchased with a unit of currency. (T/F) - correct answer True W...

McKissock Liberty University -McKissock - General Report Writing and Case Studies fully solvedAppraisal - correct answer "(noun) The act or process of developing an opinion of value. an opinion of value; (adjective) of or pertaining to appraising and related functions such as appraisal practice or appraisal services."1 Report - correct 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 co...

McKissock Liberty University -McKissock Basic Appraisal Principles questions with answers rated A+grant deed - correct answer deed containing, or having implied by law, some but not all of the usual covenants of title Appraiser - correct answer One who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective. report - correct answer any communication, written or oral, of an appraisal or appraisal review that is transmitted to the c...

McKissock Liberty University -McKissock Learning - Basic Appraisal Principles well answered"A document or a clause in a document in which the borrower accepts responsibility for the repayment of a debt" is the definition of: A) CC&R B) bond C) mortgage note D) debt - correct answer mortgage note "The earth's surface, both land and water, and anything that is attached to it whether by the course of nature or human hands" is the definition of: A) land B) site C) water D) real property - c...

McKissock Liberty University -Appraisal Procedures - Mckissock Quiz Questions well answeredTrue or False: An appraiser's client must always directly engage the appraiser. - correct answer False A step-by-step procedure that can be applied to any type of appraisal assignment is - correct answer The valuation process True or False: The effective date of the valuation must be the date on which the appraiser inspected the subject property. - correct answer False "An assignment-specific as...

McKissock Liberty University -Principles of USPAP McKissok with complete solutionsThe Appraisal Practices Board (ADB) - correct answer Which independent board was created within The Appraisal Foundation in 2010? The Appraisal Foundation does not have the authority to enforce the requirements of USPAP - correct answer Which statement is TRUE regarding The Appraisal Foundation and USPAP enforcement authority? Board of Trustees, Appraisal Practices Board, Appraiser Qualifications Board, Appra...

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 communi...

Mckissock USPAP Exam Questions With 100% Correct Answers 2024 /2025 {GRADED A } Financial chaos began in the US during the - CORRECT ANSWER 1929 stock market crash after the great depression In the 1950s-70s double continued with - CORRECT ANSWER -Works related areas -Property taxation -Federal housing programs 1990s trouble was because of... - CORRECT ANSWER Mortgage scams and illegal house flipping. When an appraiser uses a hypothetical condition in an appraisal, USPAP requires...

McKissock Liberty University -McKissock Basic Appraisal Principles fully solved An appraiser paid a referral fee in conjunction with an assignment. Which statement is TRUE regarding this situation, according to USPAP? - correct answer The appraiser must disclose that a fee was paid, but does not have to disclose the amount paid. An appraiser finds out after completing an appraisal that the lender/client's loan did not close. What should the appraiser do regarding the appraisal fee? - correct...