Mckissock

Basic Appraisal Principles Mckissock UPDATED ACTUAL Exam Questions and CORRECT Answers promote and maintain, public trust - CORRECT ANSWER - The intent of USPAP is to ____________ a high level of __________ in professional appraisal practice. wage levels - CORRECT ANSWER governmental influence on value? employment rates - CORRECT ANSWER supply analysis? escheat - CORRECT ANSWER on real property ownership? 3000 - CORRECT ANSWER - Which of the following would ...

Basic Appraisal Principles - Mckissock Learning UPDATED ACTUAL Exam Questions and CORRECT Answers A client has requested that an appraiser value a property that is improved with an old dilapidated single family home, and asks the appraiser not to mention the existence of the home in the appraisal report. Which statement is TRUE regarding this situation? - CORRECT ANSWER - It would be misleading if the appraiser did not disclose the existence of this structure in the report. ...

Residential Sales Comparison & Income Approaches UPDATED ACTUAL Exam Questions and CORRECT Answers Anticipation - CORRECT ANSWER - An economic theory that say value is created by the expectation of future benefits, such as profit, pleasure, tax shelter, production, income, etc. Anticipation is the foundation for the income approach Appraiser's Peers - CORRECT ANSWER competency in a similar type of assignment Assumptions - CORRECT ANSWER Balance - CORRECT ANSWER ...

Basic Appraisal Principles Ch 16: Market Analysis UPDATED ACTUAL Exam Questions and CORRECT Answers Market Analysis - CORRECT ANSWER - A process for examining the demand for and supply of a property type and the geographic market area for the property type. Market area - CORRECT ANSWER contains its direct competition. - The area associated with a subject property tha

Residential Sales Comparison and Income Approaches Exam Questions and CORRECT Answers change - CORRECT ANSWER - "The result of the cause and effect relationship among the forces that influence real property value" is the definition of the principle of Price of comparable ± adjustments = value of subject - CORRECT ANSWER the following is the sales comparison formula? the comparable - CORRECT ANSWER - Which of - The sales comparison process always starts wit

McKissock-6 Residential Sales Comparison and Income Approaches UPDATED Exam Questions and CORRECT Answers The "shift" keys on the HP 12C are _______colored. - CORRECT ANSWER gold The HP 12C includes the following functions: - CORRECT ANSWER statistical and programming - Blue and - Financial, The HP 12C works to an accuracy of ______decimal places. - CORRECT ANSWER ( 27 -14) / (14+38) - CORRECT ANSWER 14 Enter 38 + / .25 How many acres? Put 43560 into ...

Chapter 3: Land/Site Valuation UPDATED ACTUAL Exam Questions and CORRECT Answers ________: "the earth's surface, both land and water, and anything that is attached to it whether by the course of nature or human hands" - CORRECT ANSWER - Land True or False? Land is physical - CORRECT ANSWER - True Land and site are really two different things with _____________ specifications and characteristics. - CORRECT ANSWER - uniqu

McKissock-Residential Construction and the Appraiser UPDATED ACTUAL Exam Questions and CORRECT Answers Most appraisal clients currently prefer that the appraiser makes the property inspection, as opposed to a third party. Why is this? - CORRECT ANSWER - The appraiser knows what property characteristics are relevant Which of these parties is best qualified to distinguish a property's relevant characteristics from those that are irrelevant to its valuation? - CORRECT ANSWER ...

Residential Construction and the Appraiser UPDATED ACTUAL Exam Questions and CORRECT Answers What is the primary reason why appraisers make physical inspections of subject properties? - CORRECT ANSWER - To gather information about the property's relevant characteristics An appraiser is looking to the USPAP publication for guidance and advice regarding the issue of subject property inspection. Where would you advise him or her to look? - CORRECT ANSWER - Advisory Opinion 2

Residential Inspection Property for Appraisers UPDATED ACTUAL Exam Questions and CORRECT Answers definition of inspection - CORRECT ANSWER - 1. careful examination or scrutiny 2. the act of looking at something closely in order to learn more about it, to find problems, etc primary reason for inspection of a property - CORRECT ANSWER about the characteristics of the property that are relevant to its value - gather information