Frederick R. Ruffell
Senior Member
- Joined
- Jan 21, 2002
- Professional Status
- Certified General Appraiser
- State
- California
I am currently taking a CE course and have some quiz questions that I cannot find answers to in the supplied material and am not sure of the answers. This course is for License renewel in California and some of the Lic. questions may have different answers in different states. So answer what you can. Remember to "Dumb it Down" as many of these questions have made undisclosed assumptions. Wayne, none of this material appears to be copywritten.
1. How long do you have to report changes .. EG. phone , address?
(I am assuming that they mean to report to OREA)
10 days, 15 days, 30 days, or 60 days
2. Can an appraiser stop after the site inspection if the needed value is not there and just charge for the work done?
Yes or No
This next question(s) refer to the revised Condo. form #1073 (10/94)
3. A PUD addendum is still required by FNMAE (sp, I know) when a project is a PUD and the developer/builder is still in control of the project.
True or false
4. Reinforcement was required in masonry construction after
1933, 1960, 1985, Never
5.The Earthquake Insurance is a FNMAE Form.
True or False
6. The old form 439 prior to the revision was not in full compliance with USPAP.
True or False
7. For FHA, when units (2-4) are in a seasonally adjusted area where summer/winter rents vary greatly, the rents used should be those that a tenant would be expected to pay over a long tenancy.
True or False.
1. How long do you have to report changes .. EG. phone , address?
(I am assuming that they mean to report to OREA)
10 days, 15 days, 30 days, or 60 days
2. Can an appraiser stop after the site inspection if the needed value is not there and just charge for the work done?
Yes or No
This next question(s) refer to the revised Condo. form #1073 (10/94)
3. A PUD addendum is still required by FNMAE (sp, I know) when a project is a PUD and the developer/builder is still in control of the project.
True or false
4. Reinforcement was required in masonry construction after
1933, 1960, 1985, Never
5.The Earthquake Insurance is a FNMAE Form.
True or False
6. The old form 439 prior to the revision was not in full compliance with USPAP.
True or False
7. For FHA, when units (2-4) are in a seasonally adjusted area where summer/winter rents vary greatly, the rents used should be those that a tenant would be expected to pay over a long tenancy.
True or False.