Question

A ________ is responsible for determining the value of the home as part of the loan process.

A) banker
B) loan officer
C) real estate appraiser
D) real estate agent

Answer 1

A real estate appraiser is responsible for determining the value of the home as part of the loan process.

Step-by-step explanation:

The correct answer is option C) real estate appraiser.

A real estate appraiser is responsible for determining the value of the home as part of the loan process. They assess the property's condition, location, and other factors to estimate an accurate market value. This appraisal is important for the lender to determine the loan amount and the borrower to ensure they are not overpaying for the property.

Answer 2

C) real estate appraiser.

Step-by-step explanation:

The correct answer is C) real estate appraiser. They assess the value of the home to ensure it aligns with the loan amount.