Part 4 Flashcards
An appraiser must promote and preserve public trust is the first step of which rule?
Ethics Rule
58
Performing ethically and competently are under which rule?
The Ethics Rule
59
Under the ethics Rule, an appraiser must disclose any services they have conducted on the property within the past _______ years
Three
60
An appraiser ________ _____ affix the signature of another appraiser without his or her consent
Must Not
62
The opinions and conclusions of the appraiser that belong to the client are
Assignment Results
T/F Physical characteristics are not assignment results and public information
True
65
_________ is the intent of the behavior; _____________ is the ability to perform the valuation service
Ethics
Competency
68
An appraisers ____________ must be in existence prior to report or other communication of results
Workfile
69
Workfile Retention Requirements
1- At least ____ years
2 - At least _____ years after final disposition of any judicial proceeding in which the appraiser provided testimony related to the assignment
3 - Whichever expires ______&
1 - 5
2 - 2
3 - Last
70
Knowingly or willingly failing to comply with the Record Keeping Rule is a violation of the ___________ _________
Ethics Rule
70
_____________ may apply to factors such as an appraisers familiarity with:
A specific property type
A market
A geographic area
An intended use
Specific laws or regulations or
An analytical method
Competency
Acquiring Competency requires
1 __________ lack of ___________
2 Taking steps to complete ____________
3 ____________ both in the ___________
Disclosing lack of knowledge
Competently
Describing both in the report
Ways to acquire competency include:
Talk to other competent peers/appraisers
Talk to realtors that work in the area
Talk to local builders
Take courses
If I am lacking competency for an assignment must I disclose it before, or after accepting the assignment?
Before 75
If you cannot complete the assignment, you ___________ decline or withdraw from the assignment
MUST
75
