Property Valuation
An Indiana appraiser must be independent from the parties to a transaction. This means:
AThe appraiser must be from out of state
BThe appraiser's compensation cannot be contingent on the value conclusion and they must be free from pressure to hit a specific value✓ Correct
CThe appraiser must refuse to meet with the client
DThe appraiser cannot be paid until closing
Explanation
Appraiser independence requires that the appraisal fee cannot be contingent on the value conclusion, and the appraiser must not be subject to coercion to hit a pre-determined value. These requirements protect the integrity of the appraisal process.
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