Actual Cost Method {Ans: The appraiser must determine the actual cost of purchase of an available motor vehicle of like kind and quality in condition similar to or better than the motor vehicle being appraised in its pre-damaged condition.}Applicant Age {Ans: 18 years or older}Reasons to reject an Under the Hood Inspection {Ans: - the latch does not hold securely in the full-closed position -the latch release mechanism or its parts are broken, missing, or so poorly adjusted that the hood cannot be closed properly. -The double latch mechanism is not operating as originally equipped. -If motor mounts are broken, cracked, or missing.}How long does an appraiser have to inspect a vehicle? {Ans: six working days of the assignment to the appraiser unless intervening circumstances render such inspection possible. ex. catastrophe, death, failure of the parties to cooperate.}An applicant has been found guilty of a felony or of criminal conduct which relates to the applicant's suitability to conduct motor vehicle appraisals. {Ans: ex: unlawful practices, embezzlement, obtaining money under false pretenses, conspiracy to defraud, bribery, or corrupt influence, perjury or false swearing, unlicensed activity or criminal offence involving moral turpitude or harm to another. -Examples