Mckissock

McKissock Learning - Basic Appraisal Principles Question and answers verified to passMcKissock Learning - Basic Appraisal Principles "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) mortgage note D) debt - correct answer mortgage note "The earth's surface, both land and water, and anything that is attached to it whether by the course of nature or human hands" is the definition of:...

McKissock USPAP Chapter 1 Question and answers already passed McKissock USPAP Chapter 1 USPAP Provides... - correct answer 1. A common basis for comparison 2. A reference source for all users of the document 3. A basis for uniform enforcement for state regulatory agencies 4. A reason for clients, other intended users, and the public to place their trust in the services performed by professional appraisers USPAP Stands for - correct answer Uniform Standards of Professional Appraisal Pr...

McKissock USPAP Chapter 4 Question and answers already passed McKissock USPAP Chapter 4 What does the ethics rule establish? - correct answer Establishes fundamental obligations of an appraiser as part of the profession Ethics Rule - correct answer An appraiser must promote and preserve the public trust inherent in professional appraisal practice by observing the highest standards of professional ethics. Requirements of the ethics rule - correct answer An Appraiser Must: -Not misre...

McKissock USPAP Chapter 8 Question and answers verified to pass McKissock USPAP Chapter 8 Standard 2 States... - correct answer In reporting the results of a real property appraisal, an appraiser must communicate each analysis, opinion, and conclusion in a manner that is not misleading. Report - correct answer Any communication, written or oral, of an appraisal or appraisal review that is transmitted to the client upon completion of an assignment. What does standard 2 do? - correct an...

McKissock-Land and Site Valuation Question and answers already passed McKissock-Land and Site Valuation _________ is one of the four agents of production in economic theory. - correct answer Land Which is NOT a true statement? - correct answer The "Land Appraisal Report" is a Fannie Mae form. Land, as a physical entity, includes all of the following components EXCEPT: - correct answer Property rights For any economic good to have value, all of the following must be present EXCEPT...

Principles of USPAP McKissok Question and answers rated A+ Principles of USPAP McKissok The 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 B...

Principles of USPAP McKissok Question and answers rated A+ Principles of USPAP McKissok The 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 B...

Real estate appraisal principles and procedures Questions with complete solution Real estate appraisal principles and procedures REAL ESTATE Is the physical land and improvements Real property Is "the interest, benefits, and rights inherent to the ownership of real estate". These include the land, anything permanently attached or affixed to the land, anything incidental or appurtenant to the land, and anything immovable by law. Bundle of rights Bundle of rights includ...

Reconciliation Key Terms - McKissock Question and answers correctly solved Reconciliation Key Terms - McKissock the process of considering the quantity and quality of data available. It is required in all appraisal assignments, and it is not a simple matter of averaging or checking the work for errors. - correct answer reconciliation An appraiser has completed the three approaches to value. The results are: sales comparison approach: $200,000. Cost approach: $190,000. Income approach: $2...

Residential Market Analysis and Highest & Best Use Question and answers verified to passResidential Market Analysis and Highest & Best Use 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 demonstrate? - correct answer Contribution What are the four agents of production? - correct answer land, labor, capital, coordination The principle of contribution is most closely associated with:...