JavaScript isn't enabled in your browser, so this file can't be opened. Enable and reload.
Appraisal Quiz
Multiple choice questions about an appraisal
Sign in to Google
to save your progress.
Learn more
What is the key purpose of an appraisal?
1 point
To evaluate the structural and mechanical parts of a property
To determine the title history of a property
To fairly determine the value of a property
Clear selection
Which of these is NOT a key element of an appraisal report
1 point
A list of all the past title holders
An opinion of value based on researched data
A clear, accurate description of the property
Clear selection
Why do lenders care about appraisals?
1 point
Appraisals help lenders determine if the borrower will legally be able to purchase the property based on past title records and claims
Appraisals help lenders determine if the home is appropriate collateral and if the amount the borrower is requesting makes sense
Appraisals help lenders determine the quality of the structural and mechanical parts of a property for their records
Clear selection
What is an Appraisal Management Company (AMC)?
1 point
An independent entity that acts as an agent to hire appraisers for lenders
A company that performs a title search on behalf of the lender
A company that hires home inspectors on behalf of home buyers
Clear selection
Which of the following is a key element of an appraisal report?
1 point
A list of deficiencies of the structural and mechanical elements
An evaluation of recent and comparable sales
A detailed history of past property liens
Clear selection
Submit
Page 1 of 1
Clear form
Forms
This content is neither created nor endorsed by Google.
Report Abuse
Terms of Service
Privacy Policy