Answer:
The borrower or homebuyer customarily pays for the lender-required appraisal in real estate transactions.
Step-by-step explanation:
The lender-required appraisal is usually paid for by the borrower or the homebuyer.
This is because the appraisal is a service that benefits the borrower by providing an independent evaluation of the property's market value.
It helps the lender determine the amount of money they can lend and protects both parties from overpaying or underfinancing the property.