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According to federal regulations, a licensed or certified appraiser is required for all federally related transaction appraisals for properties valued above______

User Yuri Gadow
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Final answer:

Federally related transaction appraisals for properties valued above $250,000 require a licensed or certified appraiser as mandated by the Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989.

Step-by-step explanation:

According to federal regulations, a licensed or certified appraiser is required for all federally related transaction appraisals for properties valued above $250,000. This requirement comes from the Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), which mandates the use of a certified appraiser for residential real property transactions involving a federally related loan. Thus, financial institutions must secure the services of a licensed professional when dealing with transactions above that threshold to ensure a valid and reliable valuation of the property in question.

User Ankit Acharya
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