Tennessee Real Estate License Exam Practice Question
Who may give a supportable opinion of market value to be used in seeking a federally-related loan to finance a real estate transaction?
Correct Answer: A
Rationale: A certified appraiser possesses the specialized training and qualifications required to evaluate properties and determine their market value, making their opinion reliable for federally-related loans.
A licensed real estate broker, while knowledgeable about the market, does not have the same level of expertise in appraisals and may not provide a supportable opinion for loan purposes.
Any real estate licensee lacks the necessary certification to ensure their value assessments meet federal standards.
A Certified Public Accountant focuses on financial matters rather than property valuation, making their opinion inappropriate for real estate appraisals.
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