Question

5. A werkfile must be in existence a. Prior to the assignment being started b. Prior to collecting data C. Prior to the report being issued d. Prior to the assignment completion 6. If Alex, an appraiser, has been working with Beth, another appraiser, who keeps the workfiles.in her computer and then Alex leaves the partnership, Alex _____ the workfiles after leaving the practice. a. Must make copies of all weckfiles. b. Must maintain access to all werkfiles c. Losses access to the workfiles. d. None of the above 7. Being competent to complete an appraisal assignment means: a. Having the ability to properly identify the problem being addressed b. Have the knowledge and experience to complete the assignment competently c. Recognition of, and compliance with laws and regulations that apply to the appraiser in the assignment d. All of the above 8. An appraiser a. Must be competent at the time the appraisal assignment is accepted b. Does not have to be competent at the time the assignment is accepted if the appraiser acknowledges the lack of competency in the report and takes the steps necessary to become competent. c. Must not accept the assignment d. None of the above

Answer 1

5. A workfile must be in existence Prior to the report Being issued

6. if Alex and appraiser has been working with Beth another appraiser who keeps the work file in her computer and then Alex leaves the partnership, Alex Losses access to the work file after leaving firm.

7. Being completed to complete an appraisal assignment means all of the above

8. An appraiser does not have to be competent at the time the assignment is accepted if the appraiser acknowledges the lack of competency in the report and takes the steps necessary to become competent.

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