Property Valuation
An appraisal report prepared for federally related transactions in Oklahoma must be completed by:
AAny licensed real estate agent
BA state-licensed or state-certified appraiser✓ Correct
CA CPA with real estate experience
DAn OREC-registered appraiser
Explanation
Federally related transactions require appraisals by state-licensed or state-certified appraisers as mandated by FIRREA. Oklahoma's Appraiser Licensing and Certification Act governs appraiser qualifications.
Related Oklahoma Property Valuation Questions
- In Oklahoma oil country, mineral rights can significantly affect property value. A property with an active oil and gas lease producing royalty income would be valued:
- An Oklahoma appraiser is valuing a property that was recently sold in an auction under distress conditions at a price well below comparable sales. The appraiser should:
- USPAP (Uniform Standards of Professional Appraisal Practice) requires Oklahoma appraisers to:
- The principle of anticipation in appraisal holds that value is:
- The term 'highest and best use' in appraisal means the use that is:
- Functional obsolescence in an Oklahoma property refers to:
- An Oklahoma appraisal performed using the 'as-is' market value standard reflects:
- Which appraisal approach is most commonly used to value single-family residential properties?
Practice More Oklahoma Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oklahoma Quiz →