In training section 4.1, the information regarding appraisals state **lenders are required to provide a free copy of all appraisal valuations obtained at least three days before the closing.
** it is helpful for clients to review the appraisal report with you in order to ID any improper factors used to determine the home's value, such as the racial or religious background of the neighborhood's residents.
**If the client believes any improper practices were involved with an appraisal, assist them in filing a complaint to the CFPB, which regulates this practice through the ECOA.
This information leads me to believe the answer to the knowledge question is that "it is improper to consider the racial or religious background of a neighborhood's residents to determine the value of a home."
Instead, the module shows the correct answer to be Homebuyers rarely are allowed to see the appraisal information and for that reason are encouraged to get a home inspection."
Can you provide an explanation as of the reason this is the correct answer?