Under federal regulations, what is the minimum transaction threshold that requires a state-licensed or certified appraiser for a federally related transaction?
Correct Answer
B) $250,000
Under FIRREA regulations, federally related transactions of $250,000 or more require an appraisal by a state-licensed or certified appraiser. This is known as the de minimis threshold established by federal banking regulators.
Why This Is the Correct Answer
Under FIRREA regulations, federally related transactions of $250,000 or more require an appraisal by a state-licensed or certified appraiser. This is known as the de minimis threshold established by federal banking regulators.
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