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Question 1 of 4

1. Question
Withholding Compensation

Which of the following does NOT constitute prohibited coercion of an appraiser?
- A. Withholding compensation because the appraiser’s value came in too low
- B. Withholding compensation from an appraiser for breach of contract or substandard performance as provided by contract
- C. Threatening to stop using the appraiser unless they increase the value
- D. Refusing to pay if the appraised value is below the contract price
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Question 2 of 4

2. Question
Permitted Actions Under Law

Which of the following is permissible under the appraiser coercion rules?
- A. Telling an appraiser the minimum value needed to approve the loan
- B. Conditioning the appraiser’s fee on loan consummation
- C. Taking action that is permitted or required by applicable federal or state statute, regulation, or agency guidance
- D. Excluding an appraiser from future work because their value was “too low”
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Question 3 of 4

3. Question
When Extension of Credit is Prohibited

When is a creditor prohibited from extending credit based on an appraisal?
- A. Whenever the borrower disputes the value
- B. When the creditor knows of a violation of the appraiser coercion rule and has not reasonably determined that the appraisal does not materially misstate the value
- C. Whenever the appraisal is more than 90 days old
- D. When the property is located in a declining market
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Question 4 of 4

4. Question
Definition of Appraiser

Which best describes the term “appraiser” under these rules?
- A. Only a state-licensed or certified individual who signs the appraisal report
- B. Any person who provides a value opinion, but not appraisal management companies
- C. A person who provides assessments of value of dwellings, including those who employ, refer, or manage appraisers and their affiliates
- D. Only staff appraisers employed by lenders
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