Which statement is most accurate about appraiser independence under North Carolina MLO law or NCCOB guidance?
Correct Answer
B) NC prohibits improperly influencing appraiser independence but permits proper requests for additional information, substantiation, or correction of factual errors.
NC prohibits improperly influencing appraiser independence but permits proper requests for additional information, substantiation, or correction of factual errors. North Carolina prohibits improper influence over appraiser independence while allowing certain proper requests such as asking for additional information or correction of factual errors.
Why This Is the Correct Answer
NC prohibits improperly influencing appraiser independence but permits proper requests for additional information, substantiation, or correction of factual errors. North Carolina prohibits improper influence over appraiser independence while allowing certain proper requests such as asking for additional information or correction of factual errors.
Why the Other Options Are Wrong
Option A: Proceed before the required North Carolina license, sponsorship, disclosure, record, or approval is in place.
Proceed before the required North Carolina license, sponsorship, disclosure, record, or approval is in place. is not correct because the governing rule requires the compliant answer shown in the explanation.
Option C: Use an informal manager exception without updating the license, file, or required record.
Use an informal manager exception without updating the license, file, or required record. is not correct because the governing rule requires the compliant answer shown in the explanation.
Option D: Use a verbal explanation instead of the required license status, disclosure, record, or filing.
Use a verbal explanation instead of the required license status, disclosure, record, or filing. is not correct because the governing rule requires the compliant answer shown in the explanation.
Memory Technique
NC -> nc-servicing-prohibited-acts-advertising-and-high-cost
Exam Tip
Proper correction requests differ from pressure on value.
Common Mistakes to Avoid
- -Using a national baseline answer when North Carolina has a state-specific rule
- -Confusing company licensing, MLO licensing, and sponsorship
- -Treating an exemption or temporary authority rule as a blanket waiver
More UST Questions
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