Mckissock Study guides, Class notes & Summaries

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...

McKissock Basic Appraisal Principles | 276 Complete Questions and Answers 100% Correct | Updated 2024

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...

McKissock Basic Appraisal Principles | 190 Questions and Answers 100% Verified | Latest Update 2024

McKissock Liberty University -Basic Appraisal Procedures - McKissock correctly answeredValuation process - correct answer A systematic procedure used in the valuation of real property. Client - correct answer The party or parties who engage, by employment or contract, an appraiser in a specific assignment. Steps in Defining the problem - correct answer Identification and location of the real estate; Identification of the property rights; Definition of value; Purpose and intended use of the...

McKissock Liberty University -McKissock - General Report Writing and Case Studies with answers McKissock Liberty University -McKissock - General Report Writing and Case Studies with answers

Appraisal - "(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 - 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. 2 Client - "The party or parties who engage, by employment or contract, an appraiser in a speci...

McKissock Residential Market Analysis and Highest & Best Use | 324 Questions and Answers 100% Correct | Updated 2024

McKissock Learning - Basic Appraisal Principles Questions and Answers 100% Correct | Latest Update 2024

McKissock Liberty University -Basic Appraisal Procedures McKissock questions with correct answersValuation Process - correct answer Systematic set of procedures an appraiser follows to provide answers to a clients questions about real property value Appraisal Process - correct answer 1. Define Problem 2. Determine scope of work 3. Gather Record & verify dat 4. determine highest and best use 5. estimate land value 6. est. value by all three approaches 7. Reconcile est. value into final o...