Which statement is true regarding an appraiser's proper role in performing a mortgage appraisal?

• A. The appraiser should advocate for the borrower's interests
• B. The appraiser should attempt to speed up the closing
• C. The appraiser has to consider only the price
• D. The appraiser has an obligation to perform in a manner that is not biased or discriminatory

Answer: (D)

Appraisers in mortgage transactions must maintain independence, objectivity, and impartiality, and they must comply with fair housing laws. The appraisal is an objective estimate of market value based on data such as comparable sales, property condition, location, and current market conditions—not on appealing to a borrower’s or lender’s preferences. Because lenders rely on unbiased appraisals to assess risk and borrowers are protected by laws that prohibit discrimination, any attempt to advocate for one side, rush the process, or focus only on a single factor would undermine integrity and could violate professional standards and anti-discrimination laws. The obligation to perform in a manner that is not biased or discriminatory best reflects the appraiser’s proper role.