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Technology & Tools Flashcards

7 cards from real CAR practice questions. Tap to flip, then mark Knew It or Still Learning โ€” missed cards come back until you master them.

Read the first 7 Technology & Tools flashcards as text
  1. When reviewing a desktop appraisal, which data source is most relied upon to verify physical property characteristics in the absence of a physical inspection?

    Answer: Property data collector (PDC) reports and public records

    Desktop appraisals rely on property data collector reports, public records, MLS data, and other third-party sources to verify characteristics without direct inspection.

  2. A Geographic Information System (GIS) tool is most useful to an appraisal reviewer for:

    Answer: Mapping comparable sales locations and identifying neighborhood boundaries

    GIS tools allow reviewers to spatially map comparables, visualize market areas, and confirm that selected comparables fall within appropriate geographic boundaries.

  3. An Automated Valuation Model (AVM) should generally NOT be used as the sole basis for an appraisal review conclusion because:

    Answer: AVMs lack the judgment, inspection, and market nuance that a credible valuation requires

    AVMs are algorithmic tools that cannot replicate an appraiser's physical inspection, market expertise, and reasoned judgment, so they cannot substitute for a credible appraisal.

  4. Which of the following best describes the UAD requirement for reporting gross living area (GLA) in appraisal software?

    Answer: GLA must be reported to the nearest whole square foot

    UAD requires GLA to be reported to the nearest whole square foot, ensuring data consistency across submissions.

  5. A reviewer using appraisal review software identifies that an appraiser's adjusted comparable sale prices have a coefficient of variation (CV) exceeding 15%. This most likely indicates:

    Answer: High variability in the adjusted values, suggesting comparables may not be truly similar or adjustments may be inconsistent

    A high CV in adjusted sale prices signals dispersion that questions whether the comparables are truly comparable or whether the adjustments are well-supported.

  6. When an appraisal report's XML data is submitted to UCDP and returns a 'hard stop' error, this means:

    Answer: A critical data error exists that prevents submission acceptance until corrected

    A UCDP hard stop is a submission error that blocks acceptance and requires the submitter to correct the identified data issue before resubmitting.

  7. Which technology tool helps reviewers assess whether an appraiser's market conditions adjustment is supported by actual sales trend data?

    Answer: Paired-sales or time-series regression analysis tools

    Time-series regression or paired-sales analysis tools quantify price trend rates over time, providing objective support for or against a market conditions adjustment.