McKissock Basic Appraisal Principles I
Final Exam Quiz | Q&A | 100% Correct |
The Ultimate Guide for Yr. 2026/2027
Quiz_________________?
The _____ has oversight authority over state appraisal boards. -
Answer
ASC (Appraisal Subcommittee)
Quiz_________________?
Which of the below is a requirement of a valid real estate contract? -
Answer
consideration, in writing and signed, and lawful objective
Quiz_________________?
"The interaction of buyers and sellers who trade long-term or
intermediate-term money instruments" is the definition of the
_____________ market. -
Answer
capital
1
, Quiz_________________?
An analysis of the market conditions of supply, demand, and pricing for
a specific property type in a specific area" is the definition of -
Answer
market study
Quiz_________________?
A gathering of people for the buying and selling of things" is the
definition of -
Answer
market
Quiz_________________?
Which of the following types of investments has historically generated
the highest return on investment? -
Answer
real estate
Quiz_________________?
Real estate includes all of the following EXCEPT -
2
, Answer
except property rights
Quiz_________________?
The Conduct Section of the ETHICS RULE states, in part, that an
appraiser must perform assignments with -
Answer
Impartiality, objectivity, and independence
Quiz_________________?
All of the following could be participants in a real property market
EXCEPT -
Answer
except assessors
Quiz_________________?
Twenty years ago, most appraisal reports that were sent electronically
were sent using _____ technology; today, most appraisals are sent
electronically using a _______ format. -
Answer
EDI, PDF
3
Final Exam Quiz | Q&A | 100% Correct |
The Ultimate Guide for Yr. 2026/2027
Quiz_________________?
The _____ has oversight authority over state appraisal boards. -
Answer
ASC (Appraisal Subcommittee)
Quiz_________________?
Which of the below is a requirement of a valid real estate contract? -
Answer
consideration, in writing and signed, and lawful objective
Quiz_________________?
"The interaction of buyers and sellers who trade long-term or
intermediate-term money instruments" is the definition of the
_____________ market. -
Answer
capital
1
, Quiz_________________?
An analysis of the market conditions of supply, demand, and pricing for
a specific property type in a specific area" is the definition of -
Answer
market study
Quiz_________________?
A gathering of people for the buying and selling of things" is the
definition of -
Answer
market
Quiz_________________?
Which of the following types of investments has historically generated
the highest return on investment? -
Answer
real estate
Quiz_________________?
Real estate includes all of the following EXCEPT -
2
, Answer
except property rights
Quiz_________________?
The Conduct Section of the ETHICS RULE states, in part, that an
appraiser must perform assignments with -
Answer
Impartiality, objectivity, and independence
Quiz_________________?
All of the following could be participants in a real property market
EXCEPT -
Answer
except assessors
Quiz_________________?
Twenty years ago, most appraisal reports that were sent electronically
were sent using _____ technology; today, most appraisals are sent
electronically using a _______ format. -
Answer
EDI, PDF
3
