Final answer:
The statement is false; appraisers must provide an unbiased and accurate assessment of a property's value, showcasing both positive and negative features. This ensures fairness and impartiality in the appraisal process.
Step-by-step explanation:
In a mortgage lending appraisal report, the appraiser has the ethical duty to provide an unbiased and accurate assessment of the property's value. This means that both positive and negative features of the subject property should be reported in a balanced manner. The statement that the appraiser should emphasize the property's good points while minimizing comments on negative features is false. A professional appraisal is objective and does not intentionally downplay negative aspects that could affect the value of the property.
The historical context of redlining by the FHA highlights the unethical practice where minority neighborhoods were discriminated against through mortgage lending policies. However, current appraisal standards require fairness and impartiality to avoid such discriminatory practices.