McKissock TESTS COMPILATION BUNDLE $60.45 Add To Cart
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Currently, what is the annual national registry fee per appraiser? CORRECT ANSWERS: $40 The Dodd-Frank Act of 2010 requires the ASC to create and maint... [Show More]
A dwelling has a reproduction cost of $625,000. It is 10 years old and has an effective age of 12. Its remaining economic life is estimated to be 48 years.... [Show More]
You calculate the following gross rent multipliers for comparable properties: 121.2, 105.3, 111.2, 150.1, 108.3, 105.3, 109.8, 108.8. What is the median of... [Show More]
In law, the solid surface on the earth, as distinguished from water, is a definition of _____________. Land Site Situs Land rights CORRECT ANSWERS: L... [Show More]
USPAP contains what 4 sections? CORRECT ANSWERS: 1) The Preamble 2) Definitions 3) Rules 4) Standards USPAP Provides... CORRECT ANSWERS: 1. A commo... [Show More]
What is created in the mind of an individual or market participant? CORRECT ANSWERS: Value What is the motivation of an individual, group of persons, o... [Show More]
What does the ethics rule establish? CORRECT ANSWERS: Establishes fundamental obligations of an appraiser as part of the profession Ethics Rule CORREC... [Show More]
15 HR National USPAP 2023-2024, USPAP 15-Hour Course, 15-Hour USPAP Course, Mckissock USPAP Chapter 1, Mckissock USPAP Chapter 2 (Definitions), McKissock U... [Show More]
Rights granted by a nation to its people are CORRECT ANSWERS: Civil rights What properties were NOT covered when Governor George Voinovich signed House... [Show More]
The requirements for state licensed and certified appraisers had their genesis in CORRECT ANSWERS: FIRREA A certified residential appraiser needs ____ ... [Show More]
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 us... [Show More]
A property owner constructs a six-car garage at a cost of $80,000. It only adds $40,000 in value to the property. What economic principle does this best de... [Show More]
A process for examining the demand for and supply of a property type and the geographic market area for that property type is called CORRECT ANSWERS: Mark... [Show More]
Bob grants a life estate in his property to his mother, Mary. As long as Mary is alive, Bob's estate in the property is referred to as a (an) CORRECT ANSW... [Show More]
Valuation process CORRECT ANSWERS: A systematic procedure used in the valuation of real property. Client CORRECT ANSWERS: The party or parties who eng... [Show More]
A single unit residence sold for $126,000. It was rented for $1,100 per month but the market rent was $1,200. What is the GRM indicated by this sale? CORR... [Show More]
"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) mo... [Show More]
one advantage of networking as a way of marketing yourself is that networking is the ONLY CORRECT ANSWERS: way to market yourself for free what acronym... [Show More]
The _____ has oversight authority over state appraisal boards. CORRECT ANSWERS: ASC (Appraisal Subcommittee) Which of the below is a requirement of a v... [Show More]
grant deed CORRECT ANSWERS: deed containing, or having implied by law, some but not all of the usual covenants of title Appraiser CORRECT ANSWERS: One... [Show More]
Appraisal CORRECT ANSWERS: "(noun) The act or process of developing an opinion of value. an opinion of value; (adjective) of or pertaining to appraising a... [Show More]
Valuation Process CORRECT ANSWERS: Systematic set of procedures an appraiser follows to provide answers to a clients questions about real property value ... [Show More]
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