Test Your Uad Knowledge: Standardization

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

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.

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About This Quiz
Test Your Uad Knowledge: Standardization - 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... see moreTO TAKE THIS QUIZ. **  Our software guides you through the new formats seamlessly.   see less

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

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.

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

Explanation

not-available-via-ai

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

Explanation

not-available-via-ai

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5. What forms are affected by UAD?

Explanation

not-available-via-ai

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

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.

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

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.

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

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.

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

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.

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

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.

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  • Answered
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Dates in the appraisal PDF (unless instructed otherwise) should be...
Which of the following is new information that must be provided on the...
Which of the following is not affected by UAD?
Real estate taxes of $1086.51 should be entered into the form as:
What forms are affected by UAD?
As it pertains to UAD, a first generation PDF is a:
A site with an area of 48561 should be represented as:
A property with estimated year built of 1950 should be entered into...
If there are 3 full baths, 1 half bath and 1 quarter bath, how would...
Where is the name of the AMC involved in the appraisal assignment...
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