An MLO discovers that an appraisal came in $10,000 below the contract price. The MLO contacts the appraiser to:
Correct Answer
C) Ask for clarification on a factual error in the property description
Under appraisal independence requirements, MLOs can request correction of factual errors but cannot attempt to influence the appraiser's opinion of value. Options A, B, and C constitute prohibited attempts to influence the valuation.
Why This Is the Correct Answer
Under appraisal independence requirements, MLOs can request correction of factual errors but cannot attempt to influence the appraiser's opinion of value. Options A, B, and C constitute prohibited attempts to influence the valuation.
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