Test Your UAD Knowledge: Standardization

1. Dates in the appraisal PDF (unless instructed otherwise) should be listed in which format?

Mm-dd-yy

Mm/dd/yyyy

Mm/dd/yy

Yyyy-mm-dd

The correct answer is mm/dd/yyyy. This format is commonly used in the United States and many other countries. It consists of the month, followed by the day, and then the year, all separated by slashes. This format is easy to read and understand, and it avoids any confusion between the month and day.

Explanation

The correct answer is mm/dd/yyyy. This format is commonly used in the United States and many other countries. It consists of the month, followed by the day, and then the year, all separated by slashes. This format is easy to read and understand, and it avoids any confusion between the month and day.

2. Which of the following is new information that must be provided on the appraisal forms for UAD compliance?

Days on market

Specifically defined condition and quality ratings

Sale type for the subject and each comparable property

All of the above

The new information that must be provided on the appraisal forms for UAD compliance includes days on market, specifically defined condition and quality ratings, and sale type for the subject and each comparable property.

Explanation

The new information that must be provided on the appraisal forms for UAD compliance includes days on market, specifically defined condition and quality ratings, and sale type for the subject and each comparable property.

3. Which of the following is not affected by UAD?

Dates

Currencies

Views

All of the above are affected by UAD

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Explanation

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4. Real estate taxes of $1086.51 should be entered into the form as:

1086

1087

1086.51

1090

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Explanation

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5. What forms are affected by UAD?

1025, 1073, 1075, 2055

1004, 2055, 2090, 2095

1004, 1073, 1075, 2055

1004, 1004c, 2055, 1025

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Explanation

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6. As it pertains to UAD, a first generation PDF is a:

PDF that was generated in the forms package before being delivered

PDF that was generated outside of a forms package

PDF generated in Adobe

None of the above

A first generation PDF in UAD refers to a PDF that was created within a forms package before being sent or delivered. This means that the PDF was generated using specific software or tools designed for creating forms, rather than being created using a general PDF generation tool like Adobe. This distinction implies that the PDF may have certain features or formatting that are specific to the forms package used to generate it.

Explanation

A first generation PDF in UAD refers to a PDF that was created within a forms package before being sent or delivered. This means that the PDF was generated using specific software or tools designed for creating forms, rather than being created using a general PDF generation tool like Adobe. This distinction implies that the PDF may have certain features or formatting that are specific to the forms package used to generate it.

7. A site with an area of 48561 should be represented as:

1.11 ac

48561 sf

1.11 acres

48561 sqft

The correct answer is 1.11 ac. This is because "ac" is the abbreviation for acres, which is a common unit of measurement for land area. Therefore, 1.11 ac is the appropriate representation for a site with an area of 48561.

Explanation

The correct answer is 1.11 ac. This is because "ac" is the abbreviation for acres, which is a common unit of measurement for land area. Therefore, 1.11 ac is the appropriate representation for a site with an area of 48561.

8. A property with estimated year built of 1950 should be entered into the report as:

Estimated 1950

1950

~1950

E1950

The correct answer is "~1950". This is because the estimated year built of the property is around 1950. The "~" symbol indicates an approximation or an estimate.

Explanation

The correct answer is "~1950". This is because the estimated year built of the property is around 1950. The "~" symbol indicates an approximation or an estimate.

9. If there are 3 full baths, 1 half bath and 1 quarter bath, how would that be represented?

3.1.1

4.25

3.5

3.1

The representation "3.1" indicates that there are 3 full baths, 1 half bath, and 1 quarter bath. The number before the decimal point represents the number of full baths, while the number after the decimal point represents the fractional part of the bath, in this case, the half bath and the quarter bath.

Explanation

The representation "3.1" indicates that there are 3 full baths, 1 half bath, and 1 quarter bath. The number before the decimal point represents the number of full baths, while the number after the decimal point represents the fractional part of the bath, in this case, the half bath and the quarter bath.