A loan originator learns that an appraisal is scheduled and mentions to the listing agent, "I hope the property shows well for the appraiser." This statement is:
Correct Answer
B) Acceptable general comment
General comments about hoping a property shows well do not constitute prohibited appraisal influence or communication. The statement does not attempt to influence the appraiser's valuation or provide specific instructions about the appraisal process.
Why This Is the Correct Answer
General comments about hoping a property shows well do not constitute prohibited appraisal influence or communication. The statement does not attempt to influence the appraiser's valuation or provide specific instructions about the appraisal process.
More UST Questions
If a state regulatory authority finds violations during an examination, what factors typically influence the severity of enforcement action?
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Which scenario represents the MOST serious violation of appraisal independence requirements?
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A borrower asks their loan originator, "What should I tell the appraiser when they visit?" The MLO responds, "Just be honest about the property condition and answer their questions." This response is:
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An MLO receives a consent order requiring payment of a $5,000 fine and completion of additional education within 60 days. The MLO pays the fine but fails to complete the education by the deadline. What enforcement action is most appropriate?