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The real estate broker is responsible for ordering the appraisal for a transaction...?

T (True)
F (False)

User Craigo
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1 Answer

1 vote

Final answer:

The real estate broker is not responsible for ordering the appraisal; it is the lender or financing institution that typically handles this task to ensure objectivity and compliance with regulations.

Step-by-step explanation:

The statement that a real estate broker is responsible for ordering the appraisal for a transaction is false. In fact, it's the lender or the financing institution that typically orders the appraisal through an independent company to ensure objectivity. The appraiser's role is to provide an unbiased opinion of value for the property involved in the transaction. It's important to maintain this separation between parties to prevent any potential conflicts of interest and to comply with regulations that govern real estate transactions.

User Rich Dominelli
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