Having Appraisals Reviewed by a Supervisor's Supervisor Creates Unnecessary Redundancy

question 88

True/False

Having appraisals reviewed by a supervisor's supervisor creates unnecessary redundancy and may actually result in greater legal liability.

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Definitions:

Reasonable Consumer

A legal standard referring to a hypothetical person who is considered average or typical from the perspective of the consumer population, used in cases related to consumer protection and advertising.

Mislead

To guide someone into a wrong direction or give someone a wrong idea or impression.

Cooling-Off Rule

A federal regulation allowing consumers a set period of time to cancel contracts or purchases made at home or at locations other than the normal business premises of a company.

Federal Trade Commission

A federal agency established to protect consumers and ensure a strong competitive market by enforcing antitrust and consumer protection laws.