An appraisal management company removes an appraiser from their panel after the appraiser consistently provides valuations below local market trends, even though the appraisals are well-supported. This action is:
Correct Answer
A) Prohibited retaliation under AIR
AIR prohibits removing appraisers from panels based on the appraised values they provide, even if those values are consistently conservative. Removal must be based on quality issues, not valuation outcomes that don't meet lender expectations.
Why This Is the Correct Answer
AIR prohibits removing appraisers from panels based on the appraised values they provide, even if those values are consistently conservative. Removal must be based on quality issues, not valuation outcomes that don't meet lender expectations.
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