A lender is reviewing a residential appraisal report for compliance with current secondary-market standards. Which of the following actions is NOT listed as an unacceptable appraisal practice?
Correct Answer
C) Explaining a supported market-derived time adjustment between comparable sales
A supported market-derived time adjustment is part of competent appraisal analysis, not an unacceptable practice. Fannie Mae specifically criticizes unsupported or missing market-derived adjustments, so properly supported adjustments are appropriate.
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Broker Dana Ruiz needs an appraisal for a complex four-unit residential property with a transaction value of $350,000. Assuming the state follows AQB minimum classification standards and offers all classifications, what is the minimum appraiser classification that may perform the appraisal?