Property Valuation
A Mississippi appraiser must remain independent of the transaction. Which of the following would be a prohibited influence on an appraisal?
AA lender ordering an appraisal through an AMC
BA loan officer threatening to use a different appraiser if the value doesn't come in at the purchase price✓ Correct
CThe buyer selecting the property they want appraised
DThe seller providing the appraiser with comparable sales information
Explanation
Appraiser independence rules (under FIRREA and Dodd-Frank) prohibit anyone with an interest in the transaction from pressuring an appraiser to reach a predetermined value. A loan officer threatening to use a different appraiser is illegal coercion.
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