Chapter 4 Flashcards
As it pertains to appraisers, what does the abbreviation UAD stand for?
-Universal Appraisal -Development Unbiased Appraisal Development -Unlimited Appraisal Data -Uniform Appraisal Dataset
Uniform Appraisal Dataset
Which item needed in appraisal assignment is an appraiser LEAST likely to find by searching on the internet?
an aerial photo of the subject property
zoning information for the subject property
census tract number for the subject property
sales agreement for the subject property
sales agreement for the subject property
In a UAD-compliant appraisal report, what would be the BEST overall condition rating for the subject property?
Good
Excellent
C1
C6
C1
How are most dates in a UAD-compliant appraisal report required to be formatted?
DD-MONTH-YYYY
MM/DD/YYYY
MM/YYYY
DD/MM/YYYY
MM/DD/YYYY
When calculating the square footage of a condominium unit, an appraiser must use
- exterior measurements
- interior measurements
- the metric system
Interior Measurements
Which of these would be the MOST RECENT innovation in measuring residential properties?
fiberglass tape measure
measuring wheel
laser measuring device
sonic measuring device
Laser Measuring device
What is the biggest issue when creating GIS maps?
the boundary lines of every property must be shown in red
the map will not be legal without the zoning map overlaid
the maps must all be of the same scale
the flood map must be created first
the maps must all be of the same scale
True or False? Prices of laser measuring devices have been declining over the last few years.
True
Why is it important that an appraiser be able to adjust settings and features on a camera?
so appraisers can photograph properties at night
because clients are demanding good quality interior photos
so the appraiser can obtain good photographs when flying over the property in an airplane
so appraisers can make extra money selling photographs to property owners
because clients are demanding good quality interior photos
What is the biggest issue when creating GIS maps?
- the boundary lines of every property must be shown in red
- the map will not be legal without the zoning map overlaid
- the maps must all be of the same scale
- the flood map must be created first
the maps must all be of the same scale
True or False? Cell phone cameras have replaced standard digital cameras for most appraisers.
False
True or False? There is only one company in the U.S. that produces software programs for appraisers.
False
As it pertains to appraisers, the abbreviation GIS stands for
General Income Standards
Geographic Information Systems
Global Informational Satellite
Generic International Standards
Geographic Information Systems
Today, most appraisals are transmitted in a(n) _______ format.
EDI
ACI
PDF
WIN
In a GIS mapping system, _______ of data can be turned on and off for viewing or printing.
Batches
Groups
Swaths
Layers
Layers
The fastest growing group of online users in the U.S. is people ________ years old.
10-19
20- 29
30-39
65 and older
65 and older
The largest appraisal software company is
Day 1
ala mode
ACI
Homeputer
ala mode
When comparing printers, make sure to compare the cost per ___________
Print cartridge
Saved page
Printed page
Line
Printed Page
EDI stands for
Electronic Data Interchange
Easy Data Interchange
Electrical Data Integration
Electronic Data Internet
Electronic Data Interchange
The most software and applications are available for ____________ computers.
Apple
Bluetooth
PC
Laptop
PC
Electronic Data Interchange became popular in the
Late 1970s
Late 1980s
Late 1990s
Early 2000s
Late 1990’s
Which can hold more data?
Floppy disk
DVD
CD
Blu-Ray
Blu-ray
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?
15/10/2012
15-OCT-2012
10-15-12
10/15/2012
10/15/2012
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
all of these
All of these
The website that serves as a portal for almost any federal agency is
Census.gov
usa.gov
hud.gov
Gov.gov
usa.gov
Which item of information for the subject property is an appraiser LEAST likely to find by searching on the internet?
aerial photo
zoning information
current sales agreement
ad valorem assessment
Current Sales agreement
An example of a software system that can restore an image of your entire hard drive is
HelpUSave
Saveback
Norton Ghost
Symantec postmortem
Norton Ghost
____________ cameras have become an essential tool for most appraisers.
Polaroid
Single lens
Digital
35 MM
Digital
The two major sketch programs are
Apex and Winsketch
Apex and ACI
Alamode and Winsketch
Winsketch and ACI
Apex and Winsketch
