McKissock-Residential Property Inspection
for Appraisers Questions With All Correct &
Verified Answers
Some appraisers do not want to add a detailed "Scope of Inspection" section to their appraisal
reports because: Correct answer-It requires custom commentary, which takes time
In an appraisal report, it is a good idea for an appraiser to provide an expanded explanation of the
scope of their inspection because: Correct answer-The appraiser may be able to limit his/her
liability by stating the limits of the inspection
In a Restricted Appraisal Report, the appraiser must, at minimum, _________ the scope of work used
to develop the appraisal. Correct answer-State
Proper disclosure of scope of work is required because: Correct answer-Clients and intended users
rely on the assignment results
A client requires an appraiser to provide a cost of cure for a deficiency that the appraiser observed in
the subject property. What is the best advice you could give this appraiser? Correct answer-
Provide the cost to cure estimate as a range
Which of these concepts is NOT listed in USPAP as part of the scope of work? Correct answer-The
expected date of report delivery to the client
An appraiser who uses templates with canned comments should: Correct answer-Read the
template from time to time to make sure it is still current
An appraiser is permitted to ___________ to Fannie Mae and Freddie Mac appraisal report forms.
Correct answer-Add certification
A retrospective appraisal is one in which: Correct answer-The effective date occurred sometime in
the past
An appraiser has been engaged to prepare an appraisal on a proposed new single-family dwelling.
Instead of specifications, an appraiser receives a copy of a material list from a local home supply
store. The appraiser is having trouble understanding this material list. What should the appraiser do?
Correct answer-Request a legible and understandable set of specifications
When is it more difficult to determine the relevant physical characteristics of a property in a
retrospective appraisal? Correct answer-When the effective date is many years ago
An appraiser's inspection of a property for an FHA appraisal is ________ an inspection performed by
a licensed home inspector. Correct answer-Not as comprehensive as
Which of these conditions is NOT listed in the HUD Handbook as a condition that would require an
inspection by a qualified professional? Correct answer-A cracked sidewalk
With regard to mechanical systems, the HUD Handbook states that appraisers must: Correct
answer-Operate the systems and observe their performance
, When inspecting the subject property for an FHA loan, when should an appraiser NOT operate the air
conditioning system? Correct answer-When weather conditions do not permit operation
Which word is used in the HUD Handbook in lieu of the word "inspect?" Correct answer-Observe
When inspecting a property for an FHA appraisal, the appraiser notes a crack in the foundation. The
appraiser does not know whether it is structural or cosmetic. What should the appraiser do?
Correct answer-Require an inspection by a qualified individual or entity
A dwelling was constructed in 1975, and is being inspected by an FHA appraiser. The appraiser must
note defective paint surfaces on __________ and require that they be repaired. Correct answer-
The interior and exterior of the dwelling as well as fences, garages, and outbuildings
If there is a conflict between the information that appears in the plans and the information that
appears in the specifications: Correct answer-The specifications are controlling
With regard to the electrical system in an FHA property inspection, what is the appraiser required to
do? Correct answer-Operate a representative sample of switches, fixtures, and receptacles
An appraiser is trying to determine the quality and type of the light fixtures and plumbing fixtures to
be installed in a proposed new house. Where should the appraiser look to obtain this information?
Correct answer-The specifications
An appraiser is asked to appraise a property with proposed improvements as of a future effective
date when construction of the improvements is expected to be completed. This appraisal involves
the use of: Correct answer-An extraordinary assumption
According to the HUD Handbook, an appraiser ________________ the physical and economic
characteristics of a property and provides an opinion of value. Correct answer-Observes, analyzes,
and reports
In a house built prior to _______ any defective paint surfaces are assumed to be lead-based and
must be repaired for an FHA loan. Correct answer-1978
One advantage of inspecting the interior of the dwelling first is that: Correct answer-You can avoid
tracking in dirt and/or snow from the outside into the inside
An appraiser's proper role is: Correct answer-An objective third party
Which of these necessary pieces of information is MOST likely to be available through public sources,
and might not have to be obtained from the property owner? Correct answer-Copy of deed
You are looking to USPAP for guidance and advice regarding the issue of subject property inspection.
Where should you look? Correct answer-Advisory Opinion 2
An appraiser is valuing a rural property with acreage, and is looking at aerial photos of the property
before making the property inspection. The appraiser notes an area at the far corner of the property
where no vegetation is growing. Why might this be a concern? Correct answer-This could be an
indicator of environmental contamination
for Appraisers Questions With All Correct &
Verified Answers
Some appraisers do not want to add a detailed "Scope of Inspection" section to their appraisal
reports because: Correct answer-It requires custom commentary, which takes time
In an appraisal report, it is a good idea for an appraiser to provide an expanded explanation of the
scope of their inspection because: Correct answer-The appraiser may be able to limit his/her
liability by stating the limits of the inspection
In a Restricted Appraisal Report, the appraiser must, at minimum, _________ the scope of work used
to develop the appraisal. Correct answer-State
Proper disclosure of scope of work is required because: Correct answer-Clients and intended users
rely on the assignment results
A client requires an appraiser to provide a cost of cure for a deficiency that the appraiser observed in
the subject property. What is the best advice you could give this appraiser? Correct answer-
Provide the cost to cure estimate as a range
Which of these concepts is NOT listed in USPAP as part of the scope of work? Correct answer-The
expected date of report delivery to the client
An appraiser who uses templates with canned comments should: Correct answer-Read the
template from time to time to make sure it is still current
An appraiser is permitted to ___________ to Fannie Mae and Freddie Mac appraisal report forms.
Correct answer-Add certification
A retrospective appraisal is one in which: Correct answer-The effective date occurred sometime in
the past
An appraiser has been engaged to prepare an appraisal on a proposed new single-family dwelling.
Instead of specifications, an appraiser receives a copy of a material list from a local home supply
store. The appraiser is having trouble understanding this material list. What should the appraiser do?
Correct answer-Request a legible and understandable set of specifications
When is it more difficult to determine the relevant physical characteristics of a property in a
retrospective appraisal? Correct answer-When the effective date is many years ago
An appraiser's inspection of a property for an FHA appraisal is ________ an inspection performed by
a licensed home inspector. Correct answer-Not as comprehensive as
Which of these conditions is NOT listed in the HUD Handbook as a condition that would require an
inspection by a qualified professional? Correct answer-A cracked sidewalk
With regard to mechanical systems, the HUD Handbook states that appraisers must: Correct
answer-Operate the systems and observe their performance
, When inspecting the subject property for an FHA loan, when should an appraiser NOT operate the air
conditioning system? Correct answer-When weather conditions do not permit operation
Which word is used in the HUD Handbook in lieu of the word "inspect?" Correct answer-Observe
When inspecting a property for an FHA appraisal, the appraiser notes a crack in the foundation. The
appraiser does not know whether it is structural or cosmetic. What should the appraiser do?
Correct answer-Require an inspection by a qualified individual or entity
A dwelling was constructed in 1975, and is being inspected by an FHA appraiser. The appraiser must
note defective paint surfaces on __________ and require that they be repaired. Correct answer-
The interior and exterior of the dwelling as well as fences, garages, and outbuildings
If there is a conflict between the information that appears in the plans and the information that
appears in the specifications: Correct answer-The specifications are controlling
With regard to the electrical system in an FHA property inspection, what is the appraiser required to
do? Correct answer-Operate a representative sample of switches, fixtures, and receptacles
An appraiser is trying to determine the quality and type of the light fixtures and plumbing fixtures to
be installed in a proposed new house. Where should the appraiser look to obtain this information?
Correct answer-The specifications
An appraiser is asked to appraise a property with proposed improvements as of a future effective
date when construction of the improvements is expected to be completed. This appraisal involves
the use of: Correct answer-An extraordinary assumption
According to the HUD Handbook, an appraiser ________________ the physical and economic
characteristics of a property and provides an opinion of value. Correct answer-Observes, analyzes,
and reports
In a house built prior to _______ any defective paint surfaces are assumed to be lead-based and
must be repaired for an FHA loan. Correct answer-1978
One advantage of inspecting the interior of the dwelling first is that: Correct answer-You can avoid
tracking in dirt and/or snow from the outside into the inside
An appraiser's proper role is: Correct answer-An objective third party
Which of these necessary pieces of information is MOST likely to be available through public sources,
and might not have to be obtained from the property owner? Correct answer-Copy of deed
You are looking to USPAP for guidance and advice regarding the issue of subject property inspection.
Where should you look? Correct answer-Advisory Opinion 2
An appraiser is valuing a rural property with acreage, and is looking at aerial photos of the property
before making the property inspection. The appraiser notes an area at the far corner of the property
where no vegetation is growing. Why might this be a concern? Correct answer-This could be an
indicator of environmental contamination
