RAA Practice Questions - NAR Residential Accredited Appraiser Exam

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A bank engages an appraiser to value a single-family home for a refinance and asks for a specific value to support the loan amount. The appraiser should:

Accept the assignment and target the requested value to keep the client happy Decline or renegotiate — accepting an assignment based on a predetermined value violates the USPAP ETHICS RULE Accept but note the requested value in the report Refer the assignment to a peer who is willing to hit the number

Correct Answer:

Decline or renegotiate — accepting an assignment based on a predetermined value violates the USPAP ETHICS RULE

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