Pennsylvania Certified Evaluator Exam Questions with Answers Updated Latest (100% Correct)

Pennsylvania Certified Evaluator Exam Questions with Answers Updated Latest (100% Correct) base year - correct answereffective date of the appaisers opinion is on ethic rule - correct appraiser must promote & perserve the public trust st standards of professional ethics 3. conduct, managemant, confidentiality appraiser must act competenty and in a manner that is - correct answerindependent, impartial, objective what does uspap stand for - correct answeruniform standards of the proffessional appraisal practice 5 parts of uspap - correct ition 2. rules 3. preamble 4. standards 5. statements Pennsylvania Certified Evaluator – Exam Questions with Answers Updated Latest workfile - correct answerdocuments necessary to support amd appraisers opinion of value. * all data collected to come to the value value - correct answerpresent worth of future valuation service - correct answerservice peratining to aspect of property value signature - correct answerperson accepting the responsibilty of content, analyses, conclusion scope of work - correct answerresearch analysis in an appraisal or appraisal review assignment * steps to get it done report - correct answercommunication, written or oral appraisal review transmitted to client real property - correct answerreal estate & all rights both tangible and intangible the interest, benefits, and the rights inherent in the ownership of real estate real estate - correct answerindentified parcel of land price - correct answerthe amount asked, offered, or paid for property personal property - correct answertangible objects, moveable items not affixed mass appraisal model - correct answermathematical expression 1 acre = _____ square feet - correct answer43,560 our deed descriptions are of - correct answermeets and bounds mass appraisal - correct answerthe process of valuing a universe of properties as of a given date using standard methology employing common data and allowing for statistical testing 5 steps that make up market value - correct seller motivated 2. both parties well informed y length on market 4. us cash 5. no special financing market value dedfinition - correct answertyoe of value, stated as an opinion that presumes the transfer of property ( aright of ownership or bundle of rights) as of the certian date, under specific conditions. jurisdictional exception - correct answerpart of uspap that might not apply to certian things but doesnt exempt all the rules intended user - correct answerthe client and any other party as indentified by name or type as user of appraisal intended use - correct answerthe use or uses of an appraisers reportor review od assignment opinion intangible property - correct answerassest you can't SEE ex: franchises, trademarks, patents, copyrights, goodwill,equities hypothetical condition - correct answera condition, directly related to specific assignment feasibilty analysis - correct answera study of the cost- benefit relationship of an economic endeavor ex: put in to it, might get back out of it extraordinary assumption - correct answeran assumption directly related to a specific assignment as of the effective date of the assignment results which if found tp be false, could alter the appraisers opinion exposure time - correct answerestimated length of time property interest being appraised would have beem offered on the market prior to sale of market value effective date of appraiser credible - correct answerworthy of belief