Property Valuation
In Tennessee, which organization sets minimum appraisal standards for federally related transactions?
ATREC
BThe Appraisal Foundation (through USPAP) and the Appraisal Subcommittee✓ Correct
CTennessee Housing Development Agency
DFannie Mae only
Explanation
The Appraisal Foundation publishes USPAP (Uniform Standards of Professional Appraisal Practice), and the Appraisal Subcommittee oversees state appraiser regulatory programs. Together they establish minimum standards for federally related appraisals.
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