Question

All of these may set forth guidelines establishing how recent and proximate comparable sales must be, except for_______________.

a. Fannie Mae
b. Ginnie Mae and USPAP
c. Freddie Mac
d. Clients

Answer 1

Fannie Mae, Ginnie Mae, USPAP, and Freddie Mac all set forth guidelines establishing how recent and proximate comparable sales must be, while Clients do not.

Step-by-step explanation:

Fannie Mae, Ginnie Mae and USPAP, and Freddie Mac all set forth guidelines establishing how recent and proximate comparable sales must be in the real estate industry. These guidelines help ensure that the sales used as comparables are similar in nature to the subject property and provide an accurate representation of its market value. However, Clients do not set forth guidelines in this regard as they are typically relying on the expertise and recommendations of professionals such as appraisers or real estate agents who adhere to these industry standards.