Property Valuation
In Louisiana, which organization issues the Uniform Residential Appraisal Report (URAR) form used for most residential appraisals?
AThe Louisiana Real Estate Appraisers Board (LREAB)
BFannie Mae and Freddie Mac, who developed the URAR (Form 1004) for use in single-family residential mortgage appraisals✓ Correct
CThe Federal Reserve Board
DHUD/FHA exclusively
Explanation
The URAR (Form 1004) was developed by Fannie Mae and Freddie Mac for standardized single-family residential mortgage appraisals. It is used by most appraisers for conventional loan appraisals and is widely accepted by lenders across Louisiana.
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