Property Valuation
An appraisal done for a lender's mortgage underwriting purposes is typically ordered by:
AThe seller
BThe lender, who selects an approved independent appraiser✓ Correct
CThe listing broker
DThe title company
Explanation
For mortgage lending purposes, the lender orders the appraisal through an AMC (Appraisal Management Company) or an approved appraiser panel. The lender must maintain appraiser independence — the appraiser cannot be selected by, or subject to pressure from, loan production staff.
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