Who Is Responsible for Determining the Value of the Home

question 33

Multiple Choice

Who is responsible for determining the value of the home for the mortgage application process?

• A)Banker
• B)Loan officer
• C)Real estate appraiser
• D)Real estate agent

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Definitions:

Collectivism

A cultural or societal approach that prioritizes the group's needs and goals over individual desires or ambitions.

Individual Rights

Fundamental entitlements and freedoms that individuals are guaranteed by law or society’s norms and values.

Utilitarianism

An ethical theory that advocates for actions that maximize happiness or benefit for the greatest number of people.

Distributive Justice

The perceived fairness of how resources and rewards are distributed within an organization.