Property Valuation
In Delaware, who is qualified to perform a formal real estate appraisal for a federally related transaction?
AAny licensed real estate agent
BA state-certified or state-licensed appraiser✓ Correct
CAny licensed attorney
DA licensed home inspector
Explanation
Federal law (FIRREA) requires that appraisals for federally related transactions (most institutional mortgage loans) be performed by state-certified or state-licensed appraisers who meet federal and state standards.
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