Question

In order to complete appraisals for federally related transactions, an appraiser must possess:

A. A designation from a professional appraiser organization
B. A credential issued by The Appraisal Foundation
C. A real estate broker's license
D. A state appraiser credential

Answer 1

In order to complete appraisals for federally related transactions, an appraiser must possess a state appraiser credential.

Step-by-step explanation:

In order to complete appraisals for federally related transactions, an appraiser must possess a state appraiser credential. This is a requirement to ensure that the appraiser has met the necessary qualifications and standards set by the state regulatory body. A designation from a professional appraiser organization or a credential issued by The Appraisal Foundation may be additional qualifications that an appraiser can possess, but the primary requirement is a state appraiser credential.