Property Valuation
An appraiser in Maryland who violates the Uniform Standards of Professional Appraisal Practice (USPAP) may face discipline from:
AMREC
BThe Maryland Department of Labor's Appraisal Commission
CThe Maryland Real Estate Appraisers Commission (MREAC)✓ Correct
DSDAT
Explanation
Maryland appraisers are licensed and regulated by the Maryland Real Estate Appraisers Commission (MREAC), which enforces USPAP compliance and professional standards.
Related Maryland Property Valuation Questions
- An appraiser discovers that a Maryland comparable sale involved a motivated seller who accepted a deeply discounted price due to divorce. This sale should be:
- In the income approach, effective gross income (EGI) is calculated as:
- The market value of a Maryland property is best defined as:
- Capitalization rate in Maryland real estate moves inversely to property value. This means when cap rates increase:
- In a competitive market analysis (CMA), a Maryland real estate agent compares the subject property to:
- The income multiplier approach to valuing Maryland residential rentals typically uses a:
- The principle of regression in Maryland real estate means:
- The effective age of a Maryland building refers to:
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