Property Valuation (alternative)
Maryland appraisers are required by USPAP to disclose when:
AThe property has structural defects
BThey have a conflict of interest, prior engagement, or knowledge that could affect their objectivity✓ Correct
CThe sale involves an investor
DThe property is in a flood zone
Explanation
USPAP requires appraisers to disclose any conflicts of interest, prior services involving the subject property, or other factors that could affect the objectivity or quality of their appraisal.
Related Maryland Property Valuation (alternative) Questions
- A Maryland appraiser who finds that the subject property's neighborhood has been declining due to nearby industrial development would note this as:
- An adjustment for a superior feature in a comparable sale when using the sales comparison approach means the appraiser will:
- A Maryland investor uses a 'discounted cash flow' (DCF) analysis for a commercial property. The DCF analysis:
- The principle of anticipation in Maryland real estate means that:
- The highest and best use in Maryland appraisal is defined as the use that is:
- The 'economic rent' of a property exceeds the 'contract rent' when:
- In Maryland, a broker price opinion (BPO) or comparative market analysis (CMA):
- In Maryland, the difference between market value and investment value is that:
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