A Delaware MLO offers an appraiser a payment to influence the appraiser’s independent judgment about property value. What does Delaware Regulation 2401 say about this conduct?
Correct Answer
D) It is prohibited
Delaware Regulation 2401 prohibits making a payment, threat, or promise to influence an appraiser’s independent judgment about the value of property.
Why This Is the Correct Answer
Delaware Regulation 2401 prohibits making a payment, threat, or promise to influence an appraiser’s independent judgment about the value of property.
Why the Other Options Are Wrong
Option A: It is allowed if disclosed to the borrower
Disclosure to the borrower does not make appraiser-influence payments permissible under the Delaware prohibition.
Option B: It is allowed if the payment is under $500
The Delaware prohibition does not create a small-dollar exception in the cited rule.
Option C: It is allowed if the lender requested it
A lender request does not override the Delaware prohibition on influencing appraiser judgment.
Memory Technique
DE-C017 -> Delaware-prohibited-acts-and-enforcement
Exam Tip
Appraiser independence is directly covered in Delaware prohibited acts.
Common Mistakes to Avoid
- -Importing another state requirement into Delaware
- -Confusing NMLS baseline requirements with Delaware-specific rules
- -Treating operational assumptions as legal authority
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