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Question 1 of 9

1. Question
Coercion – Future Retention

Which of the following is an example of prohibited coercion of an appraiser?
- A. Asking the appraiser to confirm square footage from a recent MLS listing
- B. Implying that the appraiser’s future work depends on reaching a certain value on the current appraisal
- C. Providing a copy of a prior appraisal for reference
- D. Asking how the appraiser chose certain comparable properties
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Question 2 of 9

2. Question
Coercion – Excluding Appraiser

Which action represents improper exclusion of an appraiser under the coercion rules?
- A. Rotating appraisers in a normal assignment panel
- B. Excluding an appraiser because they do not provide reports in a timely manner
- C. Excluding an appraiser from future work because they previously reported a value below a minimum threshold the lender wanted
- D. Excluding an appraiser who is not approved by the investor
Correct

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Question 3 of 9

3. Question
Coercion – Minimum Value

Which statement to an appraiser would be considered prohibited coercion?
- A. “Please provide your best professional opinion of value.”
- B. “We need the report by Friday to meet the closing date.”
- C. “We need the appraised value to be at least $350,000 in order to approve this loan.”
- D. “Can you double-check the comparable sales in that subdivision?”
Correct

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Question 4 of 9

4. Question
Coercion – Withholding Payment

Which of the following is prohibited in connection with paying an appraiser?
- A. Paying the appraiser a customary and reasonable fee
- B. Failing to compensate an appraiser because they did not reach a value at or above a requested amount
- C. Paying the appraiser through an appraisal management company
- D. Requiring an invoice before issuing payment
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Question 5 of 9

5. Question
Coercion – Compensation Contingent on Closing

Which practice regarding an appraiser’s compensation is prohibited?
- A. Paying a flat fee per appraisal report
- B. Paying a fee based on property type and complexity
- C. Conditioning the appraiser’s compensation on whether the loan closes
- D. Paying a rush fee for expedited service
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Question 6 of 9

6. Question
Permissible – Additional Information

Which action does NOT violate the prohibition on coercing an appraiser?
- A. Asking an appraiser to consider additional information about the property or comparable sales
- B. Telling the appraiser the minimum value needed to make the deal work
- C. Refusing to pay the appraiser because the value came in too low
- D. Implied threats of no future work if the value is not high enough
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Question 7 of 9

7. Question
Permissible – Basis for Valuation

Which of the following is a permissible communication with an appraiser?
- A. Requesting that the appraiser change the value to meet loan approval
- B. Requesting that the appraiser ignore lower comparable sales
- C. Requesting that the appraiser provide additional information about how they determined the value
- D. Suggesting a value range that would help close the loan
Correct

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Question 8 of 9

8. Question
Permissible – Correcting Errors

Which action is allowed under the coercion rules?
- A. Asking the appraiser to “rethink” the value because it is too low
- B. Asking the appraiser to correct factual errors in the appraisal report
- C. Threatening to withhold payment if the value isn’t increased
- D. Telling the appraiser the minimum value needed for approval
Correct

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Question 9 of 9

9. Question
Permissible – Multiple Appraisals

Which action involving multiple appraisals is permissible?
- A. Ordering multiple appraisals and always choosing the highest value
- B. Ordering new appraisals until one supports the contract price
- C. Obtaining multiple appraisals as long as the creditor has a policy of selecting the most reliable appraisal
- D. Discarding any appraisals that come in below the borrower’s requested amount
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