Property Valuation
A Mississippi appraiser is appraising a property for a buyer's lender. The appraiser's primary client is:
AThe buyer who will occupy the property
BThe lender who ordered the appraisal✓ Correct
CMREC
DThe seller of the property
Explanation
When a lender orders an appraisal, the lender is the appraiser's client under USPAP. The appraiser's primary duty is to provide an independent, objective opinion of value to the lender. While the buyer typically pays for the appraisal, the lender (not the buyer) is the client and intended user.
Related Mississippi Property Valuation Questions
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