Ch 4 Quiz The Modern Appraisal Office Flashcards
Why is it important that an appraiser be able to adjust settings and features on a camera?
because clients are demanding good quality interior photos
The UAD reporting protocols would apply to an appraisal of a single-family home prepared for
an FHA loan
How are most dates in a UAD-compliant appraisal report required to be formatted?
MM/DD/YYYY
The subject property had a prior transfer on October 15, 2012. When reporting the date of this prior sale in a UAD-compliant appraisal report, what would be the correct way this date must be formatted?
10/15/2012
The fastest growing group of online users in the U.S. is people ________ years old.
65 and older
In a UAD-compliant appraisal report, what would be the BEST overall condition rating for the subject property?
C1
When comparing printers, make sure to compare the cost per ___________
Printed page
What would be the correct way to format the date March 15, 2013 in a UAD-compliant appraisal report?
03/15/2013
True or False? Cell phone cameras have replaced standard digital cameras for most appraisers.
FALSE. In most cases, appraisers still rely on digital cameras – but the cell phones are making great strides.
What is the most recent innovation in photography for appraisers?
digital cameras
The website that serves as a portal for almost any federal agency is
usa.gov
As it pertains to appraisers, the abbreviation GIS stands for
Geographic Information Systems
The largest appraisal software company is
ala mode
True or False? Prices of laser measuring devices have been declining over the last few years.
TRUE
What is the most comprehensive source for online information from the federal government?
usa.gov
True or False? Printers are obsolete and are unnecessary in today’s appraisal office.
FALSE
The web site with the largest amount of demographic information is
Census.gov
When calculating the square footage of a condominium unit, an appraiser must use
interior measurements
Electronic Data Interchange became popular in the
Late 1990s. By the late 1990s, the buzzword was Electronic Data Interchange (EDI). Entire appraisal reports, including maps, sketches, photos and digital signatures, could be sent directly to clients in a matter of minutes – and did they like that!
The most software and applications are available for ____________ computers.
PC
EDI stands for
Electronic Data Interchange
____________ cameras have become an essential tool for most appraisers.
Digital
Of the 247 billion emails sent worldwide every day, what percent is considered to be spam?
81%
UAD compliance is required for single-family appraisal reports prepared for
a VA loan,
a conventional loan that is going to be sold to Fannie Mae,
an FHA loan
What is the biggest issue when creating GIS maps?
the maps must all be of the same scale
When clients began asking for faxed copies of appraisal reports
appraisers typically still had to mail hard copies of reports anyway
Which item of information for the subject property is an appraiser LEAST likely to find by searching on the internet?
current sales agreement
Today, most appraisals are transmitted in a(n) _______ format.
Which of these would be the MOST RECENT innovation in measuring residential properties?
laser measuring device
