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McKissock-Land and Site Valuation Question and answers already passed McKissock-Land and Site Valuation 
 
 
_________ is one of the four agents of production in economic theory. - correct answer Land 
 
Which is NOT a true statement? - correct answer The "Land Appraisal Report" is a Fannie Mae form. 
 
Land, as a physical entity, includes all of the following components EXCEPT: - correct answer Property rights 
 
For any economic good to have value, all of the following must be present EXCEPT...
Principles of USPAP McKissok Question and answers rated A+ Principles of USPAP McKissok 
 
 
The Appraisal Practices Board (ADB) - correct answer Which independent board was created within The Appraisal Foundation in 2010? 
 
The Appraisal Foundation does not have the authority to enforce the requirements of USPAP - correct answer Which statement is TRUE regarding The Appraisal Foundation and USPAP enforcement authority? 
 
Board of Trustees, Appraisal Practices Board, Appraiser Qualifications B...
Principles of USPAP McKissok Question and answers rated A+ Principles of USPAP McKissok 
 
 
The Appraisal Practices Board (ADB) - correct answer Which independent board was created within The Appraisal Foundation in 2010? 
 
The Appraisal Foundation does not have the authority to enforce the requirements of USPAP - correct answer Which statement is TRUE regarding The Appraisal Foundation and USPAP enforcement authority? 
 
Board of Trustees, Appraisal Practices Board, Appraiser Qualifications B...
Real estate appraisal principles and procedures Questions with complete solution Real estate appraisal principles and procedures 
 
 
REAL ESTATE 
 
Is the physical land and improvements 
 
 
Real property 
 
Is "the interest, benefits, and rights inherent to the ownership of real estate". These include the land, anything permanently attached or affixed to the land, anything incidental or appurtenant to the land, and anything immovable by law. 
 
 
 
Bundle of rights 
 
Bundle of rights includ...
Reconciliation Key Terms - McKissock Question and answers correctly solved Reconciliation Key Terms - McKissock 
 
 
the process of considering the quantity and quality of data available. It is required in all appraisal assignments, and it is not a simple matter of averaging or checking the work for errors. - correct answer reconciliation 
 
An appraiser has completed the three approaches to value. The results are: sales comparison approach: $200,000. Cost approach: $190,000. Income approach: $2...
Residential Market Analysis and Highest & Best Use Question and answers verified to passResidential Market Analysis and Highest & Best Use 
 
 
A property owner constructs a six-car garage at a cost of $80,000. It only adds $40,000 in value to the property. What economic principle does this best demonstrate? - correct answer Contribution 
 
What are the four agents of production? - correct answer land, labor, capital, coordination 
 
The principle of contribution is most closely associated with:...
Sales Comparison Approach McKissock Class Question and answers already passed Sales Comparison Approach McKissock Class 
 
What is created in the mind of an individual or market participant? - correct answer Value 
 
What is the motivation of an individual, group of persons, or business entity involving the purchase of an item? - correct answer Desire 
 
As the term applies to appraisal, transferability refers to the number of goods and services that can be purchased with a unit of currency. (T...
Supervisor-Trainee Course for Ohio McKissock Question and answers 100% correct Supervisor-Trainee Course for Ohio McKissock 
 
 
Currently, what is the annual national registry fee per appraiser? - correct answer $40 
 
The Dodd-Frank Act of 2010 requires the ASC to create and maintain a national registry of: - correct answer Appraisal management companies 
 
Which statement BEST describes The Appraisal Foundation? - correct answer It is a non-profit organization established for educational and ...
The Fundamentals of Appraising Luxury Homes Question and answers rated A+ The Fundamentals of Appraising Luxury Homes 
 
 
Which of the following is FALSE regarding most luxury home buyers? - correct answer They are attuned to current construction costs and will relinquish technology and amenities to save costs. 
 
Luxury homebuyers purchasing a luxury home as their primary residence are most likely to focus on: - correct answer Access to local employment opportunities, shopping, and recreationa...
USPAP McKissock Questions with complete solution USPAP McKissock 
 
 
Currently, the boards within The Appraisal Foundation include: - correct answer Appraisal Standards Board, Appraiser Qualifications Board, Board of Trustees 
 
Which Foundation board is responsible for USPAP? - correct answer Appraisal Standards Board (ASB) 
 
Which entity appoints members of the AQB and ASB? - correct answer Board of Trustees (BOT) 
 
Qualification criteria for appraiser certification and recertification are ...