Practice Test Geeks(CAR) Certified Appraisal Reviewer Practice Test
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Technology & Tools Flashcards

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

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  1. A reviewer encounters an appraisal submitted in PDF format with no accompanying MISMO XML file. For a conventional GSE loan, this creates a problem because:

    Answer: UCDP requires an XML data file for submission; a PDF alone cannot be processed by the portal

    UCDP requires appraisal data in MISMO XML format; a PDF alone does not satisfy the electronic data submission requirement for GSE loans.

  2. When an appraiser uses time-adjusted sales in the sales comparison approach, the reviewer's primary concern regarding technology tools should be:

    Answer: Whether the time-adjustment rate was derived from a market-supported data analysis rather than an unsupported assumption

    Time adjustments must be grounded in actual market data demonstrating price change over time, not arbitrary or assumed percentages.

  3. Property data collectors (PDCs) used in hybrid appraisals are typically required to follow which measurement standard for above-grade living area?

    Answer: ANSI Z765-2021 (American National Standard for Single-Family Residential Buildings)

    Fannie Mae requires ANSI Z765-2021 compliance for GLA measurement in appraisals and property data collection to ensure consistent square footage reporting.

  4. A reviewer using statistical software calculates that the mean absolute percentage error (MAPE) of an AVM used to check a value is 12%. This means:

    Answer: The AVM's estimates deviate from actual sale prices by an average of 12%, indicating moderate but not exceptional accuracy

    A 12% MAPE means the AVM's predicted values are, on average, 12% away from observed sale prices, which reflects moderate accuracy but should be interpreted in context of local market conditions.

  5. In reviewing a commercial review appraisal, which technology tool would best help a reviewer verify capitalization rates applied in the income approach?

    Answer: Commercial real estate databases such as CoStar or CBRE Research market reports

    Commercial cap rate data is sourced from databases like CoStar, CBRE, or similar market research platforms that track investor transaction data, not residential GSE portals.

  6. A digital signature applied to an appraisal report under USPAP requirements must:

    Answer: Be unique to the appraiser and link the signature to the specific report to prevent unauthorized alteration

    USPAP recognizes digital signatures that are uniquely linked to the signatory and to the specific document, providing evidence of authenticity and post-signature tamper detection.

  7. When reviewing an appraisal that references an AVM as a reasonableness check, the appraisal reviewer should verify that the appraiser:

    Answer: Disclosed the AVM as an extraordinary assumption if it materially influenced the value conclusion

    If an AVM materially influences a value conclusion, USPAP may require it to be disclosed as an extraordinary assumption, since AVM accuracy cannot be personally verified by the appraiser.