13-21The Following Is Required in Conjunction with a Property Appraisal

question 39

Multiple Choice

13-21.The following is required in conjunction with a property appraisal for FHA/VA financing:

• A) a loan application
• B) a deed
• C) a master certificate of reasonable value
• D) mortgage banker

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Definitions:

Physiological Risk

The fear of an actual harm should a product not perform properly.

Health Risk

The probability of experiencing a harmful outcome to one's physical or mental well-being, often associated with lifestyle, environmental, or genetic factors.

Perception

The process by which people select, organize, and interpret information to form a meaningful picture of the world.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, which outlines a five-tier model of human needs, from basic physiological needs to self-actualization.