Property Valuation
An appraisal conducted for mortgage lending purposes is typically ordered by:
AThe seller
BThe buyer's real estate agent
CThe lender✓ Correct
DThe title company
Explanation
For mortgage lending purposes, the appraisal is ordered by the lender (not the buyer or agent) to ensure the collateral (the property) is worth at least the loan amount. The borrower typically pays the appraisal fee.
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