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Mckissock Bundled Exams Questions and Answers (2023/2024) (Complete and Accurate)
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Mckissock Bundled Exams Questions and Answers (2023/2024) (Complete and Accurate)
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McKissock Basic Appraisal Principles All Possible Questions and Answers 100% Solved
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McKissock Basic Appraisal Principles 
All Possible Questions and Answers 
100% Solved 
An appraiser paid a referral fee in conjunction with an assignment. Which statement is TRUE 
regarding this situation, according to USPAP? The appraiser must disclose that a fee was 
paid, but does not have to disclose the amount paid. 
An appraiser finds out after completing an appraisal that the lender/client's loan did not close. 
What should the appraiser do regarding the appraisal fee? Charge the agre...
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Mckissock Basic Appraisal Principles Questions & Answers
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Mckissock Basic Appraisal Principles 
 
grant deed - Answer- deed containing, or having implied by law, some but not all of the usual covenants of title 
 
Appraiser - Answer- One who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective. 
 
report - Answer- any communication, written or oral, of an appraisal or appraisal review that is transmitted to the client or a party authorized by the client upon completion of an assignment. 
 
...
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Mckissock Basic Appraisal Principles Exam Questions and Answers Latest Update 2024/2025 | Graded A+.
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Mckissock Basic Appraisal Principles Exam Questions and Answers Latest Update 2024/2025 | Graded A+. Appraiser - ANSWER One who is expected to perform valuation services 
competently and in a manner that is independent, impartial, and objective. 
report - ANSWER any communication, written or oral, of an appraisal or 
appraisal review that is transmitted to the client or a party authorized by the client 
upon completion of an assignment. 
narrative report - ANSWER A written communication of the r...
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McKissock Basic Appraisal Principles Exam Questions With Correct Answers Latest 2024/2025 (Graded A+)
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McKissock Basic Appraisal Principles Exam Questions With Correct Answers Latest 2024/2025 (Graded A+) Which entity is responsible for establishing the requirements to become an appraiser? 
CORRECT ANSWERS: the AQB 
True or False: An applicant for Certified General appraiser must possess at least an associate's 
degree from an accredited college or university. CORRECT ANSWERS: False 
The requirements for state licensed and certified appraisers had their genesis in CORRECT 
ANSWERS: FIRREA 
An ap...
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Mckissock Basic Appraisal Principles Exam Questions and Answers Latest Update 2024/2025 Graded A+.
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Mckissock Basic Appraisal Principles Exam Questions and Answers Latest Update 2024/2025 Graded A+. grant deed - ANSWER deed containing, or having implied by law, some but not 
all of the usual covenants of title 
Appraiser - ANSWER One who is expected to perform valuation services 
competently and in a manner that is independent, impartial, and objective. 
report - ANSWER any communication, written or oral, of an appraisal or 
appraisal review that is transmitted to the client or a party authori...
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McKissock Basic Appraisal Principles Exam QUESTIONS With Answers Latest 2024/2025 Graded A+.
- Exam (elaborations) • 39 pages • 2024
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McKissock Basic Appraisal Principles Exam QUESTIONS With Answers Latest 2024/2025 Graded A+. The primary purpose of USPAP is to protect CORRECT ANSWERS: public trust 
Normally the first step in highest and best use analysis is to research the uses that are 
CORRECT ANSWERS: legally permissible 
An appraiser is appraising a property with two structures on one tract of land. The client asks the 
appraiser not to mention the second structure, as it is in poor condition. Which statement is 
TRUE reg...
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McKissock Basic Appraisal Principles I Final Exam Quiz 2024 Answers
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McKissock Basic Appraisal Principles I 
Final Exam Quiz 2024 Answers 
 
ASC (Appraisal Subcommittee) - ANSWER- The _____ has oversight authority over 
state appraisal boards. 
consideration, in writing and signed, and lawful objective - ANSWER- Which of the 
below is a requirement of a valid real estate contract? 
capital - ANSWER- "The interaction of buyers and sellers who trade long-term or 
intermediate-term money instruments" is the definition of the _____________ market. 
market study - A...
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mckissock basic appraisal principles Exam Marking Scheme
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mckissock basic appraisal principles 
Exam Marking Scheme 
 
grant deed - ANSWER- deed containing, or having implied by law, some but not all of 
the usual covenants of title 
Appraiser - ANSWER- One who is expected to perform valuation services competently 
and in a manner that is independent, impartial, and objective. 
report - ANSWER- any communication, written or oral, of an appraisal or appraisal 
review that is transmitted to the client or a party authorized by the client upon 
completion ...
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Mckissock Basic Appraisal Principles Exam Questions and Answers Latest Update 2024/2025 Graded A+.
- Exam (elaborations) • 21 pages • 2024
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Mckissock Basic Appraisal Principles Exam Questions and Answers Latest Update 2024/2025 Graded A+. grant deed - ANSWER deed containing, or having implied by law, some but not 
all of the usual covenants of title 
Appraiser - ANSWER One who is expected to perform valuation services 
competently and in a manner that is independent, impartial, and objective. 
report - ANSWER any communication, written or oral, of an appraisal or 
appraisal review that is transmitted to the client or a party authori...
-
McKissock Basic Appraisal Principles with perfect answers 2024
- Exam (elaborations) • 34 pages • 2024
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An appraiser paid a referral fee in conjunction with an assignment. Which statement is TRUE regarding this situation, according to USPAP? correct answersThe appraiser must disclose that a fee was paid, but does not have to disclose the amount paid. 
 
An appraiser finds out after completing an appraisal that the lender/client's loan did not close. What should the appraiser do regarding the appraisal fee? correct answersCharge the agreed-upon fee regardless of whether the loan closed 
 
An appra...
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mckissock basic appraisal principles with perfect answers 2024
- Exam (elaborations) • 13 pages • 2024
- Available in package deal
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- $15.49
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grant deed correct answersdeed containing, or having implied by law, some but not all of the usual covenants of title 
 
Appraiser correct answersOne who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective. 
 
report correct answersany communication, written or oral, of an appraisal or appraisal review that is transmitted to the client or a party authorized by the client upon completion of an assignment. 
 
narrative report correct ...
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