FHA Property Inspection & Condition Assessment Flashcards
6 cards from real FHA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 FHA Property Inspection & Condition Assessment flashcards as text
What is the FHA appraiser's required action when a subject property does not have access to a public street or a private road with a recorded easement?
Answer: Require evidence of legal access before the appraisal can support value
FHA requires that properties have legal, permanent access to a public street or a private road with a recorded easement; without this, the appraisal cannot support value.
When an FHA appraiser observes asbestos-containing materials (ACM) in good condition during an inspection, what is the required action?
Answer: Note it in the report; no repair is required if ACM is intact and undisturbed
FHA does not require remediation of intact, undisturbed asbestos-containing materials; the appraiser must note its presence but repair is only required if the ACM is damaged or disturbed.
Under FHA guidelines, what is the minimum number of bedrooms required for a property to qualify for FHA financing?
Answer: There is no minimum bedroom requirement
FHA does not impose a minimum number of bedrooms; the property must meet habitability and safety standards, but bedroom count is not a specific MPR.
An FHA appraiser inspects a property near a high-voltage power transmission line. What must they consider?
Answer: Whether the proximity adversely affects safety, marketability, and value
FHA appraisers must evaluate whether proximity to high-voltage power lines poses safety hazards or adversely affects the property's marketability and value.
What is the FHA appraiser's role regarding on-site hazardous materials such as underground storage tanks (USTs)?
Answer: Note any visible evidence and call out for expert environmental review
FHA appraisers must note visible evidence of hazardous materials like USTs and flag the property for expert environmental review, as remediation or further assessment may be required.
For an FHA appraisal, which of the following correctly describes the appraiser's responsibility regarding a sump pump in the basement?
Answer: Test the sump pump and note any signs of chronic water intrusion
The appraiser must note the presence of a sump pump and observe any signs of chronic water intrusion, which could indicate a more serious moisture or drainage problem.