California Real Estate Practice Exam

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Above what property value is a licensed or certified appraiser required for all federally related transaction appraisals according to federal regulations?

$200,000
$250,000
$300,000
$350,000

The correct answer is: $250,000

According to federal regulations, a licensed or certified appraiser is required for all federally related transaction appraisals above $250,000. Options A, C, and D do not align with this standard as they are either below or above the specified amount. Therefore, they are incorrect options.