For a covered Fannie Mae appraisal under the cited measurement FAQ, which pair of sketch and final-area reporting conventions is correct?
Correct Answer
B) Computer-generated sketch; final area to nearest whole SF
For the specified Fannie assignment, the cited FAQ requires software-generated sketches/floor plans and final square-footage totals rounded to the nearest whole square foot. Measurements are taken to the nearest inch or tenth of a foot, and sketch dimensions are reported to the nearest tenth. The standard does not replace those conventions with arbitrary 10 or 100 SF reporting.
Why This Is the Correct Answer
Option B is correct because the cited Fannie Mae FAQ calls for computer-generated sketches or floor plans and reports the final calculated area to the nearest whole square foot. Measurements themselves are taken to the nearest inch or tenth of a foot, and sketch dimensions are shown to the nearest tenth. These conventions support consistent, checkable area reporting.
Why the Other Options Are Wrong
Option A: A hand-drawn sketch is required; round the final area to 100 SF
Option A requires a hand-drawn sketch and rounds the final area to 100 SF. The FAQ calls for software-generated sketches and rounding to the nearest whole square foot, not to 100 SF.
Option C: Any sketch; report floor area to the nearest acre
Option C allows any sketch and reports floor area to the nearest acre. Acres are a land unit far too coarse for living area, and the FAQ requires computer-generated sketches with totals to the nearest whole square foot.
Option D: No dimensional sketch is needed for the appraisal
Option D says no dimensional sketch is needed. The FAQ expects a sketch or floor plan showing exterior dimensions and the required calculations so lenders can check it against the photos.
Software sketch, whole-foot total
Draw it with software, show dimensions to a tenth of a foot, and round only the final area to a whole square foot.
How to use: Use this to recall Fannie Mae sketch and area-reporting conventions.
Exam Tip
Watch for options that round area to large blocks such as 100 SF or use land units like acres for living area; these do not match the whole-square-foot convention.
Common Mistakes to Avoid
- -Rounding final area to the nearest 10 or 100 square feet
- -Submitting a hand-drawn sketch where software sketches are expected
- -Omitting the sketch or the area calculations
Concept Deep Dive
Analysis
This question tests the sketch and area-reporting conventions in the Fannie Mae measurement FAQ for covered appraisals. The FAQ expects software-generated sketches or floor plans and final square-footage totals rounded to the nearest whole square foot. Options that require hand drawing, coarse rounding, acre units or no sketch do not match.
Background Knowledge
Fannie Mae adopted the ANSI Z765-2021 measuring standard for many appraisals to make square footage more consistent. Along with how to measure, the guidance covers how to present results, including software-generated sketches, dimension precision and rounding of final area. Lenders are encouraged to cross-check the sketch against photo exhibits.
Real-World Application
An appraiser measures a house to the nearest tenth of a foot and enters the dimensions into sketch software. The software computes the floor area, and the appraiser reports the total rounded to the nearest whole square foot. The lender reviews the sketch against the exterior photos before accepting the report.
More Property Description Questions
A local zoning ordinance allows these maximum densities: R-1, 4 units per acre; R-2, 8 units per acre; R-4, 20 units per acre; PUD (with approval), 12 units per acre. Which category allows the highest density?
What design advantage is commonly associated with post-and-beam construction?
A hypothetical local ordinance permits either a single-family house or duplex on the site. The existing single-family house complies with all current rules. Which statement is supported?
A zoning variance allowing a reduced side setback is granted for a parcel. After the parcel is sold, who generally holds the benefit of the variance, subject to its conditions?
Under ANSI Z765-2021 as applied by Fannie Mae, a staircase runs from the second floor down to the first floor. Its area is counted as part of:
Under ANSI Z765-2021, as Fannie Mae requires for a detached house, where are exterior dimensions taken on a brick-veneer wall?
A building's HVAC system would be classified as which type of building component?
A home on a large tract is valued at $620,000 including the land it needs. The remaining excess land could be sold separately and contributes a net $95,000 after separation costs. What is the total indicated value?
A covered sale concerns a residence built in 1965. Which hazard is the subject of the federal pre 1978 housing disclosure rule, without assuming its actual presence?
Which site characteristic is most likely to reduce site utility by restricting where a typical dwelling can be placed?
People Also Study
Real Estate Market
13.6% of exam
Land or Site Valuation
4.5% of exam
Sales Comparison Approach
16.4% of exam
Cost Approach
13.6% of exam
Income Approach
8.2% of exam
Previous Question
A home on a large tract is valued at $620,000 including the land it needs. The remaining excess land could be sold separately and contributes a net $95,000 after separation costs. What is the total indicated value?
Next Question
The point of beginning in a metes and bounds description must be: