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McKissock Liberty University -McKissock Appraisal Procedures well answered to pass
McKissock Appraisal ProceduresA 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? - correct answer 105.0 
 
A building was constructed in July 2000 for $754,200. The cost index at that time was 133.6. The current cost index is 201.8. What is the indicated cost new of the building today? - correct answer $1,138,842 
 
Property that fronts on a lake is usually valued on a basis of price per - correct ...
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McKissock Appraisal ProceduresA 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? - correct answer 105.0 
 
A building was constructed in July 2000 for $754,200. The cost index at that time was 133.6. The current cost index is 201.8. What is the indicated cost new of the building today? - correct answer $1,138,842 
 
Property that fronts on a lake is usually valued on a basis of price per - correct ...
McKissock Basic Appraisal Principles I Final Exam Quiz fully solved
McKissock Basic Appraisal Principles I Final Exam Quiz 
ASC (Appraisal Subcommittee) - correct answer The _____ has oversight authority over state appraisal boards. 
 
consideration, in writing and signed, and lawful objective - correct answer Which of the below is a requirement of a valid real estate contract? 
 
capital - correct answer "The interaction of buyers and sellers who trade long-term or intermediate-term money instruments" is the definition of the _____________ market. 
 
market s...
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McKissock Basic Appraisal Principles I Final Exam Quiz 
ASC (Appraisal Subcommittee) - correct answer The _____ has oversight authority over state appraisal boards. 
 
consideration, in writing and signed, and lawful objective - correct answer Which of the below is a requirement of a valid real estate contract? 
 
capital - correct answer "The interaction of buyers and sellers who trade long-term or intermediate-term money instruments" is the definition of the _____________ market. 
 
market s...
mckissock basic appraisal principles with 100% correct answers
mckissock basic appraisal principlesgrant deed - correct answer deed containing, or having implied by law, some but not all of the usual covenants of title 
 
Appraiser - correct answer One who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective. 
 
report - correct answer 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 a...
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mckissock basic appraisal principlesgrant deed - correct answer deed containing, or having implied by law, some but not all of the usual covenants of title 
 
Appraiser - correct answer One who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective. 
 
report - correct answer 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 a...
McKissock Basic Appraisal Principles questions well answered
McKissock Basic Appraisal PrinciplesAn 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 answer Charge the agreed-upon fee regardles...
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McKissock Basic Appraisal PrinciplesAn 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 answer Charge the agreed-upon fee regardles...
McKissock Liberty University -McKissock Learning - Basic Appraisal Principles correctly answered 100%
McKissock 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: A) land B) site C) water D) real property - correct answer A 
 
The public restriction on ...
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McKissock 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: A) land B) site C) water D) real property - correct answer A 
 
The public restriction on ...
McKissock Liberty University -McKissock USPAP Chapter 1 correct answered
McKissock USPAP Chapter 1USPAP 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 Practice 
 
Year Appraisal Foundation formed - correct answer 1987 
 
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McKissock USPAP Chapter 1USPAP 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 Practice 
 
Year Appraisal Foundation formed - correct answer 1987 
 
...
McKissock Liberty University -McKissock USPAP Chapter 4 verified 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 misrepresent his or her role when providing valuation services that are...
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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 misrepresent his or her role when providing valuation services that are...
McKissock Liberty University -McKissock USPAP Chapter 8 well answered to pass
McKissock USPAP Chapter 8Standard 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 answer STANDARD 2 sets forth minimum content requirements for written an...
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McKissock USPAP Chapter 8Standard 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 answer STANDARD 2 sets forth minimum content requirements for written an...
McKissock-Land and Site Valuation questions & answers rated A+
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 - correct answer Uniqueness 
 
Corner locations are usually beneficial and ...
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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 - correct answer Uniqueness 
 
Corner locations are usually beneficial and ...
McKissock Liberty University -Principles of USPAP McKissok questions with answers rated A+
Principles of USPAP 
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 Board, Appraisal Standards Board - correct answer Currently, the boards ...
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Principles of USPAP 
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 Board, Appraisal Standards Board - correct answer Currently, the boards ...
CPO Test questions with correct answers 2023
Course 1- Quiz 2- Surgical Specialties study guide with complete solutions 2023
Florida Certification CPI question and answers rated A+ 2023
These are good content questions, but they are NOT like the state exam. They are good just to use at the end of a lesson for vocabulary or topic review, but they will not help with concept/correlation.
Florida Child Welfare Certification correctly answered rated A+ 2023
These are decent questions, but they do not match the state exam at all.
Naplex things to remember correctly answered 2023