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EXAM WITH Q&A 100% VERIFIED
If the Board has revoked an appraiser's certificate, he or she is prohibited from ever
applying for an appraisal certification again. - CORRECT ANSWER-FALSE
hich of these is NOT a specific power of the State Board of Certified Real Estate
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Appraisers, per Act 98? - CORRECT ANSWER-editing USPAP
hich of the following is a violation of Act 98? - CORRECT ANSWER-making an
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appraisal fee contingent upon a property owner's tax assessment being lowered
If another state takes disciplinary action against a PA appraiser on January 5, 2015,
which of the following statements is TRUE? - CORRECT ANSWER-The appraiser must
report the disciplinary action to the PA Board within 90 days.
ailure to return a revoked certificate to the Board office is considered: - CORRECT
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ANSWER-a misdemeanour of the third degree
If a prospective client asks an appraiser to accept a reduced fee if the subject property
does not appraise for at least $200,000: - CORRECT ANSWER-the appraiser would
violate Act 98 by accepting the assignment under these terms
hich of the following statements is TRUE? - CORRECT ANSWER-PA has absolutely
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no limitation on certificate holders as to the dollar value of the property they may
appraise
certified residential appraiser is only permitted to appraise 1-4 family residential
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property with a transaction value of less than $1 million. - CORRECT ANSWER-FALSE
If an individual in Pennsylvania wishes to accumulate experience in order to become a
certified appraiser, he or she: - CORRECT ANSWER-must become licensed as a
trainee
he current AQB experience hour requirement for residential certification is: -
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CORRECT ANSWER-2,500 hours, over no fewer than 24 months
, hich of the following statements is TRUE regarding the definition of "appraisal" found
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in Chapter 36? - CORRECT ANSWER-The definition refers specifically to a "written"
report.
$40 annual fee per appraiser is paid to the ____________ National Registry. -
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CORRECT ANSWER-Appraisal Subcommittee (ASC)
he experience requirements for a general certification specify: - CORRECT
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ANSWER-at least 1,500 hours of non-residential work
itle 49, Chapter 36 of the PA Code is also known as the: - CORRECT ANSWER-Rules
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and Regulations of the State Board of Certified Real Estate Appraisers
ob, a PA-certified residential appraiser, let his certification lapse for five biennial
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renewal cycles and wishes to renew it now. What must he do? - CORRECT
ANSWER-take 140 hours of continuing education
ecent federal legislation increased the national ASC registry fee for certified residential
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and general appraisers to: - CORRECT ANSWER-$40 per appraiser per year
he criteria for appraiser certification effective January 1, 2015 were issued by the: -
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CORRECT ANSWER-Appraiser Qualifications Board (AQB)
pplicant Amy submits her application for general certification. She has accumulated
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exactly 3,000 experience hours. Which of these statements is TRUE regarding Amy's
experience requirement? - CORRECT ANSWER-At least 1,500 hours must be in
non-residential appraisal work.
If Anne begins to accumulate her experience hours for a Certified Residential Appraiser
credential in July 2014, when is the earliest she will be able to meet the experience
requirement? - CORRECT ANSWER-July 2016
licensed appraisal trainee in Pennsylvania is permitted to work under the supervision
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of a broker/appraiser. - CORRECT ANSWER-false
hich of the following statements is TRUE regarding USPAP compliance for appraisers
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in Pennsylvania? - CORRECT ANSWER-PA requires USPAP compliance in all real
estate appraisals.