Ch 5 Flashcards
ASSIGNMENT CONDITIONS:
ASSIGNMENT CONDITIONS: Assumptions, extraordinary assumptions, hypothetical conditions, laws and regulations, jurisdictional exceptions, and other conditions that affect the scope of work.
Appendix D lists the data entry protocols of the UAD as either ___ or ___.
Appendix D lists the data entry protocols of the UAD as either requirements or instructions.
In the instructions to the appraiser in Appendix D, the word “must” is used in reference to ___, while the word “should” refers to ___.
In the instructions to the appraiser in Appendix D, the word “must” is used in reference to requirements, while the word “should” refers to instructions.
Specifically, the UAD requires the address to contain:
Street number
Street name, including directional indicator, suffix, or prefix
City
USPS two-letter state abbreviation (for example: CA, not Cal)
5-digit ZIP code or ZIP+4
Appendix D defines days on market (DOM) as
“the total number of continuous days from the date that a property is listed or advertised for sale through the date that it is taken off the market or contracted for sale.”
After the appraiser selects the overall view rating, he or she must also provide __ __ __, but not more than __, view factors from the list below to provide additional support for the overall view rating.
After the appraiser selects the overall view rating, he or she must also provide at least one, but not more than two, view factors from the list below to provide additional support for the overall view rating.
the overall condition ratings required by UAD will range from __ (best) to __ (worst).
the overall condition ratings required by UAD will range from C1 (best) to C6 (worst).
When we get to the quality rating section in the sales comparison grid, construction quality are rated __ through __.
When we get to the quality rating section in the sales comparison grid, construction quality are rated Q1 through Q6.
