California Real Estate Practice Exam

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Fee appraisers work for

  1. themselves and are hired on a project-by-project basis

  2. government agencies

  3. real estate companies

  4. corporations

The correct answer is: themselves and are hired on a project-by-project basis

Fee appraisers work for themselves and are hired on a project-by-project basis because they offer an unbiased opinion of the value of a property. Unlike government agencies, they are not employed by a single entity and therefore can provide impartial appraisals. While real estate companies and corporations may also employ appraisers, they are not considered fee appraisers as they may have a vested interest in the value of the property being appraised.

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