Uspap 11 - Study guides, Class notes & Summaries

7 Hour USPAP Exam 128 Questions with Answers What is true about an appraiser's description of the physical characteristics of a property? a) The physical chracteristics are treated as outside the appraisal practice b) The physical characteristics are not assignment results. c) The pyhsical characteristics must be verified with public records if the data is available through the normal course of business. d) The physical characteristics are confidential information. - CORRECT ANSWER b) Th...

USPAP Study Guide exam 242 Questions with Answers Different appraisal regulations among states. - CORRECT ANSWER Which is not one of the contributing factors that led to a need for regulation in the appraisal profession? Appraisal Subcommittee (ASC) - CORRECT ANSWER Responsible for the Federal oversight of state real estate licensing and certification TRUE - CORRECT ANSWER (T/F) The AppraisalSubcommittee monitors the activities of TAF to determine if policies and procedures are consiste...

Uspap Exam Questions With Complete solutions 2024/2025 1.) Which of the following establishes minimum criteria for real property appraiser certification and licensing? - Answer aqb 2.) USPAP is enforced by: - Answer state regulatory agencies and professional appraisal organizations. 3.) Why are Advisory Opinions issued? - Answer To illustrate the applicability of appraisal standards 4.) Which of the following best describes a Comment to a Standards Rule? - Answer 5.) Which ...

USPAP Exam with 100% Correct Answers 2023 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. 1980s trouble was because of... - Correct Answer-the Savings and Loans Crisis 1990s to 2000s trouble was from... - Correct ...

National USPAP Course ch. 11STANDARD 5 is most similar in structure to: STANDARD 1 An Advisory Opinion STANDARD 4 STANDARD 2 - correct answer STANDARD 1 STANDARD 5, Mass Appraisal, Development, applies to: Both real and personal property Personal property only Real property only Real property only for the purposes of ad valorem taxation - correct answer Both real and personal property An appraiser is engaged by her local county assessment board to complete an appraisal on an apar...

1. The real estate market is local in nature what does that mean? - ANSWER Information about real estate can best be found through local sources, which makes the real estate market local in nature 2. You would expect a real estate licensee to perform all of the following activities, EXCEPT: A. Providing expert knowledge about construction methods and materials B. Providing expert knowledge to members of the public in the performance of specified services of real estate C. Following up wi...

USPAP 2023 Test Questions with Correct Answers Which of the following establishes minimum criteria for real property appraiser certification and licensing? - ANSWER aqb 2.) USPAP is enforced by: - ANSWER state regulatory agencies and professional appraisal organizations. 3.) Why are Advisory Opinions issued? - ANSWER To illustrate the applicability of appraisal standards 4.) Which of the following best describes a Comment to a Standards Rule? - A...

Financial chaos began in the US during the 1929 stock market crash after the great depression In the 1950s-70s double continued with -Works related areas -Property taxation -Federal housing programs 00:32 01:36 1990s trouble was because of... Mortgage scams and illegal house flipping. 1980s trouble was because of... the Savings and Loans Crisis 1990s to 2000s trouble was from... identity theft and appraisal report tampering. Prior to 1930s, app...

If an appraiser's certificate has been revoked by the Board, he or she is prohibited from ever applying for an appraisal certification again. - correct answer FALSE Which of these is NOT a specific power of the State Board of Certified Real Estate Appraisers, per Act 98? - correct answer editing USPAP Which of the following is a violation of Act 98? - correct answer making an appraisal fee contingent upon a property owner's tax assessment being lowered If disciplinary action is taken ...

PA Mandated Law for Appraisers Questions and Answers 2023 If an appraiser's certificate has been revoked by the Board, he or she is prohibited from ever applying for an appraisal certification again. FALSE Which of these is NOT a specific power of the State Board of Certified Real Estate Appraisers, per Act 98? editing USPAP Which of the following is a violation of Act 98? making an appraisal fee contingent upon a property owner's tax assessment being lowered If discip...