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:

MMPI-II

stands for the Minnesota Multiphasic Personality Inventory-2, a comprehensive psychological assessment tool designed to assess a wide range of personality traits and psychopathology.

Clinical Disorders

A category of mental or physical health conditions that significantly impair an individual's functioning, diagnosed based on standardized criteria.

Psychopathology

The examination of psychological disorders, focusing on their manifestations, origins, and therapeutic approaches.

Sixteen Personality Factors Questionnaire

A psychological assessment tool that evaluates personality traits based on 16 factors.