Test Your Uad Knowledge: Standardization

Reviewed by Editorial Team
The ProProfs editorial team is comprised of experienced subject matter experts. They've collectively created over 10,000 quizzes and lessons, serving over 100 million users. Our team includes in-house content moderators and subject matter experts, as well as a global network of rigorously trained contributors. All adhere to our comprehensive editorial guidelines, ensuring the delivery of high-quality content.
Learn about Our Editorial Process
| By Ellanaw
E
Ellanaw
Community Contributor
Quizzes Created: 1 | Total Attempts: 5,312
| Attempts: 5,312
Quiz Flashcard
SettingsSettings
Please wait...
  • 1/10 Questions

    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
Please wait...
About This Quiz

These questions seem elementary to any hard-working appraiser, but the UAD is changing everything -- causing many to "relearn" what they know about formfilling.   Some of these answers defy common sense, so check out Fannie Mae's website for explanations.

**IF YOU'RE USING WINTOTAL OR TOTAL 2011, THERE'S NO NEED TO TAKE THIS QUIZ. **  Our software guides you through the new formats seamlessly.  

Test Your Uad Knowledge: Standardization - Quiz

Quiz Preview

  • 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

    Correct Answer
    A. All of the above
    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.

    Rate this question:

  • 3. 

    Which of the following is not affected by UAD?

    • Dates

    • Currencies

    • Views

    • All of the above are affected by UAD

    Correct Answer
    A. All of the above are affected by UAD
  • 4. 

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

    • 1086

    • 1087

    • 1086.51

    • 1090

    Correct Answer
    A. 1087
  • 5. 

    What forms are affected by UAD?

    • 1025, 1073, 1075, 2055

    • 1004, 2055, 2090, 2095

    • 1004, 1073, 1075, 2055

    • 1004, 1004c, 2055, 1025

    Correct Answer
    A. 1004, 1073, 1075, 2055
  • 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

    Correct Answer
    A. PDF that was generated in the forms package before being delivered
    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.

    Rate this question:

  • 7. 

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

    • 1.11 ac

    • 48561 sf

    • 1.11 acres

    • 48561 sqft

    Correct Answer
    A. 1.11 ac
    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.

    Rate this question:

  • 8. 

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

    • Estimated 1950

    • 1950

    • ~1950

    • E1950

    Correct Answer
    A. ~1950
    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.

    Rate this question:

  • 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

    Correct Answer
    A. 3.1
    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.

    Rate this question:

  • 10. 

    Where is the name of the AMC involved in the appraisal assignment reported?

    • Page 1 / Subject section: Lender/Client

    • Page 6 / Signature section: Lender/Client

    • Both page 1 & 6

    • Neither page 1 or 6

    Correct Answer
    A. Page 6 / Signature section: Lender/Client
    Explanation
    The correct answer is Page 6 / Signature section: Lender/Client. This is where the name of the AMC involved in the appraisal assignment is reported.

    Rate this question:

Quiz Review Timeline (Updated): Mar 17, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 17, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Jul 06, 2011
    Quiz Created by
    Ellanaw
Back to Top Back to top
Advertisement
×

Wait!
Here's an interesting quiz for you.

We have other quizzes matching your interest.