1 Intro To Appraisal Reporting

Question 1

A _______ is the final communication, written or oral, of an appraisal or review transmitted to the client
_______ is evidenced by the presence of the valuer’s signature in a written report or a statement of finality in an oral report

Answer 1

Report
Finality

1-3

Question 2

Who determines the detail of the comments of a report?

Answer 2

The Intended User

1-4

Question 3

T/F - Narrative expansion is not an integral part of a form appraisal report

Answer 3

False

1-5

Question 4

What are two things must be clearly and conspicuously disclosed according to USPAP?

Answer 4

Extraordinary assumptions
Hypothetical conditions

1-6

Question 5

A signed certification statement is not required, but highly recommended in a written appraisal report

Answer 5

False, it is a MUST

1-6

Question 6

State tax code for “Fair Market Value” definition is

Answer 6

59-2-102 (13) a & b

1-7 handwritten note

Question 7

Document ________ to acquire sale or listing information - it strengthens your due diligence

Answer 7

Attempts

1-8