Uspap 11 Study guides, Class notes & Summaries

1. appraisal: appraisers opinion of value 2. principal of contribution: the value if the property is equal to the sum if the contributory value of each of its component parts. 3. loan to value ratio: percentage of value or sales price that a lender is willing to finance. 4. desk review: goes through items as they analyze the appraisal report for completeness and acceptable conclusions 5. field review: independent 3rd party appraiser will be contracted to review the appraisal report then veri...

You are reading an Advisory Opinion in the USPAP publication. Officially, Advisory Opinions are considered: Other communications, and not part of USPAP A new edition of USPAP has been released. Which statement is true regarding the effective date of this new edition of USPAP? The ASB determines when the edition of USPAP will be effective. Which statement is most accurate regarding the ASB's analysis of comments to exposure drafts? Each member of the ASB reads and considers all ...

USPAP Study Sheet QUESTIONS AND ANSWERS| COMPLETE SOLN 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 fr...

PA Mandated Law for Appraisers Exam with 100% Correct Answers 2023 If an appraiser's certificate has been revoked by the Board, he or she is prohibited from ever applying for an appraisal certification again. - 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...

appraisal final exam Appraisal standards require, in a market value assignment, for the appraiser to analyze a current agreement of sale if - ANS required for credible assignment results. Once an appraiser accepts an appraisal assignment the appraiser must - ANS properly identify the problem to be solved in the assignment. An appraisal is a value - ANS opinion Appraisal practice is a valuation service provided by - ANS only those individuals who are ac...

Chapter 2 Licensing and Certification Questions and Answers STANDARDS OF APPRAISAL PRACTICE FOR REALTOR APPRAISERS AND APPRAISAL COMMITTEES OF MEMBER BOARDS", adopted on April 20th 1929, in Boston, MA, by the National Association of Real Estate Boards It was the first document to address appraisal standards. Basic principles have not changed much since that time, but the wording is a little quaint. [Note: "misspellings" and antiquated gender references have been retained from the original d...

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 w...

Exam Question Master 1 T/F - Real estate professionals provide knowledge of market conditions - ANS True The product that real estate licensees market is - ANS Expert Information Real estate professionals provide expert information in three areas: - ANS Property transfer, market conditions, and how to market real estate and businesses. D.B.P.R (Department of Business and Professional Regulation) main office location - ANS - Located in Tallahassee, FL. DRE (Divisio...

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 w...

BOB HOGUE SALES ASSOCIATE EXAM REVIEW Questions With Complete Solutions RatedA+ the product that real estate licensees market is - correct answer...information knowledge of property transfer, knowledge of market conditions, knowledge of how to market real estate or business a competent licensed real estate professional must know the economic and legal intricacies associated with transfers of - correct answer...title, property taxes, financing, and local zoning ordinances to be succes...