Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If an appraiser uses the current Fannie Mae/Freddie Mac residential appraisal report forms for an appraisal report for a client, that appraiser A. Is compliant

If an appraiser uses the current Fannie Mae/Freddie Mac residential appraisal report forms for an appraisal report for a client, that appraiser

A. Is compliant with all parts of USPAP because these forms are regularly checked for compliance

B. Is not compliant with USPAP because these forms are not checked for compliance with USPAP

C. Is not required to be compliant with USPAP in most states

D. May or may not be compliant with USPAP because these forms are checked for compliance at the time of design but are not usually updated when USPAP changes occur

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Finance

Authors: Jack Kapoor

6th Edition

0072350849, 9780072350845

More Books

Students also viewed these Finance questions