Aqb - Study guides, Class notes & Summaries

The real estate brokerage and sales profession remained entirely unregulated throughout the 1900s. a. True b. False <~~> a. False 1.2 The event that led to the regulation of the appraisal profession was the: a. Great Depression b. Savings and Loan Crisis c. Wall Street and Subprime Loan Crisis d. Watergate <~~> b. Savings and Loan Crisis 1.3 What entity was referenced in FIRREA as a recognized source for appraisal standards and appraiser qualifications? 1 | P a g e |...

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...

National USPAP CourseThe Appraisal Foundation has the authority to enforce the requirements of USPAP. True False - correct answer False Currently, the boards within The Appraisal Foundation include: a.) Board of Trustees, Federal Housing Administration, Fannie Mae b.) Board of Trustees, Appraisal Standards Board, Appraisal Subcommittee c.) Appraisal Standards Board, Appraiser Qualifications Board, Board of Trustees d.) Appraisal Board, Appraisal Review Board, Administration Board - co...

Which board within The Appraisal Foundation has the authority to make revisions to USPAP? Board of Trustees (BOT) Appraisal Standards Board (ASB) Appraiser Qualifications Board (AQB) All boards within the Foundation have the authority to revise USPAP - CORRECT ANSWER-Appraisal Standards Board (ASB) The three independent boards within The Appraisal Foundation include: Appraisal Standards Board, Appraisal Subcommittee, Federal Housing Finance Agency Appraisal Standards Board, Appraiser ...

Basic Appraisal Principles - Chapter 2 Study Guide Questions with Complete Answers The transfer of money from low interest-bearing accounts to higher interest-bearing accounts is referred to as disintermediation recession surplus productivity profiteering disintermediation In 1987, eight U.S. appraisal organizations formed the National Association of REALTORS The Appraisal Foundation the Appraisal Subcommittee Appraisers without Borders The Appraisal Foundation True or False? The Board ...

In order to determine the appropriate scope of work, the appraiser must ________ the problem to be solved. - Identify Appraisers have broad _________ and significant _________ in determining the appropriate scope of work in an assignment. - Flexibility, responsibility The credibility of assignment results is measured in the context of - The intended use Which Foundation board is responsible for USPAP? - Appraisal Standards Board (ASB) The Appraisal Foundation has the authority to enf...

The Licensing Law correct answers The law that created licensing and certification for appraisers in Oklahoma is known as the Oklahoma Certified Real Estate Appraisers Act. For the sake of brevity in this course, we will refer to this law as the Appraiser Certification Act. In a previous chapter, we stated that the federal FIRREA legislation required each state to set up a program for licensure and certification of real estate appraisers. The Oklahoma Appraiser Certification Act, which was passe...

Mckissock Basic Appraisal Principles Latest Update Graded A grant deed deed containing, or having implied by law, some but not all of the usual covenants of title Appraiser One who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective. report 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...

The Appraisal Foundation has the authority to enforce the requirements of USPAP. - answer-False; The Appraisal Foundation is a private entity. The Foundation and its boards have no enforcement authority in any jurisdiction. Which Foundation board is responsible for USPAP? - answer-Appraisal Standards Board (ASB) Currently, the boards within The Appraisal Foundation include: - answer-Appraisal Standards Board, Appraiser Qualifications Board, Board of Trustees Which entity is respon...

National USPAP Course Question and answers already passed National USPAP Course The Appraisal Foundation has the authority to enforce the requirements of USPAP. True False - correct answer False Currently, the boards within The Appraisal Foundation include: a.) Board of Trustees, Federal Housing Administration, Fannie Mae b.) Board of Trustees, Appraisal Standards Board, Appraisal Subcommittee c.) Appraisal Standards Board, Appraiser Qualifications Board, Board of Trustees d.) ...