Property Valuation
In Kentucky, which professional credential is required to perform appraisals for federally related mortgage transactions on properties valued over $400,000?
ALicensed Residential Appraiser
BCertified Residential Appraiser or Certified General Appraiser✓ Correct
CKentucky PVA certification
DReal estate broker license with appraisal endorsement
Explanation
For federally related transactions involving properties over $400,000 in value (or complex properties), a Certified Residential Appraiser or Certified General Appraiser is required. Licensed Residential Appraisers have limitations on the types and values of properties they can appraise.
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