Real Estate – Air School Of Thoughts

Question

An appraiser intends that the estimate of value as disclosed in his or her appraisal report on a property be valid:

Selections

A. As of the date of the appraisal only

B. For a period of three months after the appraisal date

C. For a period of six months after the appraisal date

D. For a period of one year after the appraisal date 

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Question

Which of the following is not a reason why agency relationship disclosure is required in a real estate transaction? 

Selections

• A. Required by statute

• B. Ethics and professional responsibility

• C. Imputed notice

• D. Clarify responsibility

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