Which of the Following Statements Regarding Certification of Appraisers Is

question 10

Multiple Choice

Which of the following statements regarding certification of appraisers is correct?

• A) It is illegal to undertake an appraisal unless that person is properly certified
• B) Appraisers may be certified by each state as long as federal guidelines are adhered to
• C) Certified appraisers must be used for every loan whether or not the lender is federally related
• D) All appraisers with peer designations have been grandfathered into state certified status.

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Definitions:

Thin-Slice Judgments

Quick assessments made based on very small samples of behavior, often believed to reveal significant insights about the observed situation or individual.

Cognitive Processing

The mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.

Showmanship Approach

An approach that involves doing something unusual to catch the prospect’s attention and interest.

Sales Interaction

The dynamic exchange between a salesperson and a potential or existing customer aimed at promoting or selling a product or service.