Ch 1-6

Question 1

The four components of the Real Property Appraiser Qualification Criteria are:

Answer 1

Qualifying Education
Experience
Examinations
Continuing Education

Question 2

The ASB is responsible for x

Answer 2

USPAP

Question 3

AQB is responsible for creating xx of appraisers, which the x adopt and enforce.

Answer 3

requirements for licensure, certification, and recertification

states

Question 4

Frequently Asked Questions are x of USPAP, and are x to be legally enforceable.

Answer 4

not part
not intended

Question 5

An appraiser is required to disclose any prior services he or she provided regarding the subject property within the prior x years.

Answer 5

3

Question 6

The mere fact that an appraiser appraised a property is x information as defined in USPAP. The appraiser must be careful not to disclose confidential information from a x assignment in the x assignment.

Answer 6

not confidential
previous
new

Question 7

Real Estate includes

Here: long list

Answer 7

Buildings
Improvements to the land
o Sidewalks
o Driveways o Sheds
o Fences
o Patios
o In ground pools
o Tennis courts
* Trees
* Landscaping

Question 8

Even though you may own a property free and clear with your whole bundle of rights, you still will be subject to certain public restrictions on your private property rights. These include:

Answer 8

• Taxation
• Eminent domain
• Police power (zoning, codes, subdivision regulations)
• Escheat

Question 9

Eminent domain is the x of the government to xxx.
Condemnation is the xxx.

Answer 9

right
take the property.
process by which the government exercises this right.

Question 10

Examples of police power include:

Answer 10

• Zoning
• Building codes
• Subdivision regulations
• Electrical codes
• Plumbing codes
• Energy codes

Question 11

Police power is defined as

Answer 11

“The inherent power of government to regulate property in order to protect public health, safety, and general welfare.”

Question 12

What means, to die interstate?

Answer 12

without a will

Question 13

List private restrictions on property:

Answer 13

• Mortgages
• Mechanic’s liens
• Deed restrictions
• Conditions, Covenants and Restrictions (CC&Rs)

Question 14

Example of Deed Restriction

Answer 14

No sale of Alcohol
Use as Single Residential only

(Anything is possible)

Question 15

Difference between CC&Rs and Deed Restrictions?

Answer 15

CC&Rs apply to more than one single property.
Deed Restrictions apply to one single property only.

Question 16

3 Examples of CC&Rs:

Answer 16

• Minimum building size
• Minimum building cost new
• Keeping of pets
• Keeping of livestock
• Whether or not recreational vehicles (RVs) can be stored in the driveway

Question 17

The three most common systems of legal descriptions are:

Answer 17

• Lot and block
• Metes and bounds
• Rectangular survey

Question 18

Where does Furlong come from?

Answer 18

The furlong (meaning furrow length) was the distance a team of oxen could plough without resting.

Question 19

Metes and Bounds Problems?

Answer 19

Sometimes the point of beginning is cited as a stone wall or an elm tree - and that was in 1832. Obviously, the wall or the tree may be long gone.

Sometimes a boundary is cited as following along the stream as it winds and turns. The stream may have changed course or dried up entirely.

Question 20

1 Mile =
1 Furlong =
1 Chain =
1 Rod =
1 Link =

Answer 20

8 Furlongs = 5,280 Feet
10 Chains = 660 Feet
4 Rods = 66 Feet
25 Links = 16.5 Feet
7.92 Inches = 0.67 Feet