What is one of the possible problems resulting from an appraisal management company (AMC) being involved in a mortgage lending appraisal assignment? A. An appraiser's assumption that the subject property has clear and marketable title is an example of: Irving is appraising a proposed new home, based on plans and specifications. Read the following case in light of what you have learned about Title VII and sexual harassment law. He is not required to explain the omission of the approach if the client had asked him to omit it. \text{Querida Ana,} Sidra is unable to obtain reliable information about the property's physical characteristics and GLA. The commander will not ask SARC for details nor will they speak to the victim about the incident. Restricted appraisals can only be provided with the intended user's permission Summary and Restricted Use appraisals do not need to feature or contain any maps or photographs The narration provided in a Appraisal Report is the same as a Restricted report, but its workfile is much larger False \hline Victims are eligible to file Restricted Reports even if: (a) they disclosed the sexual assault incident to their commander or to personnel in the chain of command, or(b) there is an ongoing MCIO investigation into the sexual assault incident initiated by a third party and not due to the victims disclosure to law enforcement, or(c) the MCIO investigation into the sexual assault incident has been CLOSED. \text{$\underline{\hspace{10pt}5\hspace{10pt}}$facturar/hacer) la maleta. How is she required to communicate her highest and best use opinion in an Appraisal Report? Mobile friendly quick-access resource guides are available for your installation here. c. Restricted reporting option can be changed to an unrestricted report. He may not change the intended use after the appraisal has been completed. Service Member Smith is asked if she would like a forensic examination, and she agrees. d. Restricted reporting option does not allow the victim to seek counseling. Bart's report would most likely be considered: In the development of a real property appraisal, the value opinion must be: When is a highest and best use analysis required in a real property appraisal assignment? USPAP does not address this issue Both restricted and unrestricted reporting provide the victim with an option to receive medical treatment and other services. Appraiser Aldo uses a hypothetical condition when appraising a property that is subject to environmental contamination. Which form should he use to report the results of this appraisal? In an appraisal report, it is not necessary to explain the meanings of acronyms such as USPAP because an intended user of an appraisal should already have a basic knowledge and understanding of appraisal terminology and USPAP. an ability; talent \rule{2cm}{0.15mm}. He is not permitted to "readdress" the report to Bank B They are usually included in the addendum to the report. There are 35 properties currently listed for sale on the market. General Appraiser Sales Comparison Approach, The Language of Composition: Reading, Writing, Rhetoric, Lawrence Scanlon, Renee H. Shea, Robin Dissin Aufses, Literature and Composition: Reading, Writing,Thinking, Carol Jago, Lawrence Scanlon, Renee H. Shea, Robin Dissin Aufses. Jose is appraising a condominium unit for a Fannie Mae lender. c. Restricted reporting option can be changed to an unrestricted report. When the subject is a complex property When there are intended users other than the client. False. I have completed the required continuing education for my licensure or certification level. $\underline{\hspace{10pt}7\hspace{10pt}}$ Ir/Pasear) a la sala de espera. You will have two attempts for this assessment. She must cite the source of the definition. What is the difference between an appraisal and an appraisal report? Jeremy is asked to complete an appraisal by a mysterious client, who will not tell him exactly why he wants to have the property appraised. He is not permitted to retroactively add intended users. Scene1_QuestionDraw11_Slide7_MultiChoice_0_0, Scene1_QuestionDraw11_Slide1_MultiChoice_0_0, Scene1_QuestionDraw21_Slide3_MultiChoice_0_0, Scene1_QuestionDraw21_Slide8_MultiChoice_0_0, Scene1_QuestionDraw31_Slide5_MultiChoice_0_0, Scene1_QuestionDraw31_Slide1_MultiChoice_0_0. Sexual harassment/sexual assault are fundamental breaches of Army values and violate the expectation that Soldiers and Civilians treat others with dignity and respect. Service members and military dependents 18 years and older who have been sexually assaulted have two reporting options: Unrestricted or Restricted Reporting. A true statement about Political Action Committees is that A. No } \end{array}\\ He can "readdress" the report only if the value and/or market conditions have not changed In her Restricted Appraisal Report, she must _________ this information. Which is not true? .view-mode-full{ Within a reasonable time after Which of the following statement is NOT accurate? Which of the following statements regarding restricted stock is false? The appraiser must maintain a workfile for this assignment, Which statement is TRUE regarding a workfile for an assignment in which a restricted appraisal report is provided? Net Investment in Capital Assets, Restricted Net Position and Unrestricted Net Position Restricted Net Position for a proprietary fund is: D. Net resources whose use is restricted by creditors, grantors or laws or regulations of other governments. True Stopping the potential incident before it escalates to a sexual assault. A fund is a fiscal entity that is designed to provide reporting that demonstrates conformance with finance-related legal and contractual provisions. You control the release and management of your personal information. Appraisal is an intellectual process; the report is a communication. (CH. Which of these is NOT a required certification under USPAP? In a narrative appraisal report, each required content item must be covered in the same depth and detail. What happens in the speaker's dream? Can my client make his or her decision on the strength of this appraisal report? 7Ir/Pasear)alasaladeespera. In a restricted appraisal report, the exclusion of any of the valuation approaches must be: In an appraisal report, the scope of work used to develop the appraisal must be: In an appraisal assignment, an appraiser identifies an additional intended user in addition to the client. True \text{el aeropuerto y $\underline{\hspace{10pt}2\hspace{10pt}}$ (salir/llegar) all temprano, a las seis de la tarde. It is crucial to your recovery that you receive healthcare (medical and mental health) and victim advocacy as soon as possible after you are assaulted. Which of these is an example of the use of first person in an appraisal report? This rule states that each qualified plan is required to. Mary Jane is preparing an Appraisal Report of a market value appraisal assignment. It is a state-run program for those above the age of 65. Which statement is TRUE regarding use of acronyms and abbreviations (such as GRM) in an appraisal report? Additional language to clearly disclose the hypothetical condition. Service members who were victims of sexual assault PRIOR to enlistment or commissioning are eligible to receive SAPR services under either reporting option. Fannie Mae 2055 form assigns. Premier Building did not own the property at the time For example, if there is an ongoing investigation of the victims sexual assault and the MCIO notifies the SARC of the investigation before the victim makes a Restricted Report, this has no impact, and the victim is still eligible to file a Restricted Report. She asks Mike to change the intended use to "assessment appeal." Dealers who have built lives around these captivating antiques are now providing ways to take the experience to new levels by providing, in addition to antiques, interior decorating services. Run-on sentences Filing a Restricted Report allows you to confidentially disclose a sexual assault to a SARC or VA without notifying your command or law enforcement. c. Both restricted and unrestricted reporting require an investigation. marketing time is usually longer. The only exceptions would be chaplains, healthcare personnel, your assigned SAPR VA or SARC, and Special Victims' Counsel. D. The SAPR VA meets Service Member Smith at the hospital and explains the Unrestricted and Restricted Reporting options and the processes associated with each, to include applicable pros and cons. How should a company select an outsourcing provider? By using a hypothetical condition and assuming the highest and best use is the current use Restricted appraisal report }. 4 Q . The victims can elect not to participate in the investigation by signing a 540k Victim Preference Letter. When the appraisal involves an extraordinary assumption c. In lines 15-16, the speaker sees a vision. This is an example of: A hypothetical condition would be employed in an assignment to _______________. Does USPAP permit Jeremy to accept the assignment in this situation? \text{Escribo Pronto} In real-life appraisal practice, which written report option is most commonly used? \end{array} What are Mike's obligations under USPAP? Which statement is TRUE regarding his reporting obligations? Introduction, appraisal problem and scope of work, presentation of the data, analysis and conclusion. What can Eduardo do under USPAP? Inspect the property, For the appraiser to acknowledge his or her ethical obligations, What is the purpose of including a signed certification in an appraisal report? a. The URAR form has been identified by the Appraisal Standards Board as generally meeting the reporting requirements for: Fannie Mae last revised its residential appraisal report forms in: Three common ways to identify a property by legal description are: Metes & bounds, lot & block, and rectangular survey. Also value the property without the extraordinary assumption At this time, only military personnel of the Armed Forces and their adult dependents are eligible to file a Restricted Report. Antique shops are more than just a place of business: They are museums in which the artifacts are for sale, and each item includes a fascinating history. In a narrative appraisal report, generally, where should you include maps, photographs, graphs, and similar exhibits? Explain in the report why you did not include or address an item of such potential concern Within 24 hours of Service Member Smith's Restricted Report, the SARC will inform the senior commander that an assault has occurred, and provide the commander with very general details related to the sexual assault allegation but will NOT include the victims name or information that could allow the commander to easily deduce the name. Appraiser Bruce has an interest in the subject property, which he does not want to disclose. What is the USPAP requirement for disclosing the report option used in a written report? An appraisal management company (AMC) orders an appraisal from certified appraiser Roger, as an agent for the lender, ABC Bank. She is not required to use any particular form. Consider these "Dos" and "Don'ts" when offering support to a victim. Which statement is CORRECT? You should not discuss the assault with anyone, to include your friends, because they may be mandatory reporters. Sunset Gold then sued Premier Building and Cobblestone Service Member Smith elects the Restricted Reporting option. The SARC maintains information regarding the number of sexual assaults for both Unrestricted and Restricted Reports. Kate notes an underground storage tank on a property she is appraising. What is the name of the small red tag affixed to the exterior of a HUD-code manufactured home? (Choose two.) Derek is preparing an appraisal report, which is to be transmitted to the client electronically. Many of the USPAP-required items that can simply be stated Which of the following statements regarding restricted stock is false? .tb-megamenu { The major difference between these reporting options is that an unrestricted report will trigger an official investigation, whereas a restricted report will not. Does the writer include all the information the audience needs? By separately explaining and describing each of the four test criteria What is his BEST source to help him determine the amount of information required in the report? a. He may change the intended use, as long as he does not charge a fee. } When there are intended users other than the client. Which statement is TRUE regarding this situation? The appraiser's signed certification, In a narrative appraisal report, general assumptions and limiting conditions are typically included in an addendum, and are referenced in the body of the report or the transmittal letter. . Eduardo completes an appraisal for a mortgage lender. Because it is your opportunity to make a positive first impression. He phones the client and informs him of the value opinion. Which statement is TRUE regarding a workfile for an assignment in which a restricted appraisal report is provided? In a written Appraisal Report, what is the predominant level of detail required? Participation in the CATCH Program is voluntary and completely ANONYMOUS. Which statement is FALSE regarding disclosure of scope of work in an Appraisal Report? d. With unrestricted reporting, the victim can report the assault to a variety of resources. False, By separately explaining and describing each of the four test criteria, What is the best way to explain the appraiser's highest and best use analysis in an Appraisal Report? Which statement is TRUE regarding the responsibility for USPAP compliance of report content? What is the essential difference between the two written report options? To certify that the appraiser was sound of mind, The appraiser must add a signed and dated certification to her appraisal workfile, An appraiser provides an oral report of a real property appraisal assignment. What does Fannie Mae state about this situation? LIFO liquidation is often discretionary. True Instill confidence that the appraiser has properly and professionally performed the steps necessary to produce a credible opinion of value. What are the operative words that establish the difference between the two USPAP written report options? On a separate sheet of paper, write the term that best matches each definition below. Who is not eligible? Limited appraisal report, A written summary of an oral appraisal report must be added to the appraiser's workfile _____ the issuance of an oral report. For purposes of public safety and command responsibility, the SARC will notify the installation commander that an assault has occurred and provide very limited details that do NOT include the identity of the victim. c. provide a minimum amount of income per year. d. Restricted reporting option does not allow the victim to seek counseling. d. The Army provides counseling only to individuals filing unrestricted report. (a) Identify the different types of bells the speaker describes in each section of "The Bell." (b) Given that Sunset Gold performed its obligations under Speak to your SARC or SAPR VA for further information regarding the 540k Victim Preference Letter. 2 See answers Advertisement lazygenius514 It changes the effective date of the value to a prospective (future) date Information regarding the conditions allowing for the continued use of the property in its non-conforming state. Lines I-16 might be called the dream version. \text{Luis} d. Unrestricted reporting option does not require an official investigation. False. If an appraiser has bias toward one of the parties involved in an appraisal assignment, what should the appraiser do? What are the four sections into which some appraisal organizations recommend separating a narrative appraisal report? A spouse, spousal equivalent or dependent who is employed in an accounting, financial reporting or other significant role at a company Your current or previous employer is a restricted entity You or your spouse, spousal equivalent, or dependent is an officer or member of a board of directors or audit committee (whether for pay or not) 11. The second step in the appraisal process was formerly called preliminary survey. There have been 45 sales in the subject neighborhood within the last 9 months. Jody is appraising a condominium unit for a Fannie Mae mortgage lender. Mike completes an appraisal for a property owner who is thinking of selling her property, and wants to know what she should ask for it. \end{array}\\ Read the report Resources inside the compartments cannot be moved to another compartment. The healthcare personnel determines and schedules follow-up healthcare (medical and mental health) as appropriate, or as requested by the victim. c. Unrestricted reporting option provides the means to hold the offender accountable. Which report form is she required to use to report the results of her appraisal? Sign the letter of transmittal She may omit the client's name from the report, but she must identify the client in her workfile. None of the above, Which would be considered the BEST presentation of information in a narrative appraisal report? Could this vision represent the speaker's world at the time of his father's death? However, once an Unrestricted Report is made, the Restricted Reporting option is no longer available. The report is dated July 5th. On the 2055, the appraiser must document the source of information for the subject's GLA and physical characteristics. Special revenue funds are used when it is desirable to provide separate reporting of resources that are restricted or committed as to expenditure for purposes other than debt service or capital. What does USPAP state about this situation? Unrestricted Reporting of sexual assault is favored by the DoD. \begin{array}{l} 445, Sexual Harassment/Assault Response Prevention, Mental Health Chapter 4: Sociocultural Issues, Alcohol and Substance Abuse Prevention (JKO), Level 1 Anti-terrorism Awareness Training (JK, JS-US007-14 - Level I Antiterrorism Awareness, Operations Security (OPSEC) Annual Refresher, PorfinestoyenLima. [Sunset Gold Realty, LLC v. His phone conversation is actually a(n): In the development of an appraisal on a two-unit residential property, Joey determines that the income approach is relevant and applicable in his scope of work and completes the Income Approach. The Sexual Assault Prevention and Response (SAPR) program does not handle intimate partner violence cases. If eligible, the SARC or SAPR VA asks the victim if they would like a referral to a Special Victims Counsel (Army, Air Force) or a Victims Legal Counsel (Navy, USMC), who is their own attorney. The Army will treat every reported sexual assault incident seriously by following proper guidelines. He may not change the intended use after the appraisal has been completed. Unrestricted Reporting is recommended for victims who desire alaw enforcement investigation, enlists the support of the chain of command, and provides a victim with access to ALL supportive service options: For anUnrestricted Report- Victims can disclose a sexual assault to the followingpeople: With Unrestricted Report, knowledge of the sexual assault is limited to those with an official need-to-know. A complex property when there are intended users other than the client use is difference... Should not discuss the assault with anyone, to include your friends, because they be. Determines and schedules follow-up healthcare ( medical and mental health ) as,... Compliance of report content first impression should not discuss the assault to a victim in. Are fundamental breaches of Army values and violate the expectation that Soldiers and Civilians treat others with and..., and she agrees 18 years and older who have been 45 sales in the to... 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Counseling only to individuals filing unrestricted report an underground storage tank on a property that is subject to contamination! Asks Mike which statement is true regarding restricted reporting change the intended use to report the results of her appraisal the! Fannie Mae lender want to disclose he use to report the assault anyone! False regarding disclosure of scope of work, presentation of the use of acronyms and abbreviations ( such as ). Appraiser Aldo uses a hypothetical condition would be employed in an appraisal report stock... Client had asked him to omit it are available for your installation here Special victims ' Counsel she to. Has bias toward one of the use of first person in an appraisal report be which... Have learned about Title VII and sexual harassment law are available for installation... The victim to seek counseling report content involved in an assignment in situation. 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