Under the Home Valuation Code of Conduct (HVCC), Appraisers Today

question 16

Multiple Choice

Under the Home Valuation Code of Conduct (HVCC) , appraisers today are selected by:

• A)Fannie Mae.
• B)the lender.
• C)an appraisal management company.
• D)by the real estate agent representing the buyer.

---

Definitions:

Contributory Negligence

A legal doctrine under which a party's own negligence contributes to their harm and may limit or bar their recovery for damages.

Comparative Negligence

A principle of tort law that compares the fault of each party involved in an accident and apportions damages accordingly.

Res Ipsa Loquitur

A legal doctrine that infers negligence from the very nature of an accident or injury, in the absence of direct evidence.

Strict Liability

A legal doctrine holding an individual or entity responsible for damages or injury regardless of fault or intent.