Who may give a supportable opinion of market value to be used in seeking a federally-related loan to finance a real estate transaction?

While licensed real estate brokers have a comprehensive understanding of the market and property values, they are not specifically trained or authorized to provide appraisals that meet the federal standards necessary for loan purposes. Their opinions may lack the objectivity and formal valuation process expected in federally-related transactions.

This option is incorrect because not all real estate licensees possess the qualifications to provide a supportable opinion of market value. Many licensees focus on sales and transactions rather than formal appraisals, and only certified appraisers can ensure compliance with federal appraisal standards.

Although Certified Public Accountants (CPAs) have expertise in financial matters, they are not typically trained in real estate valuation. Their opinions on market value may lack the specific appraisal knowledge required for federally-related loans, making them unsuitable for this purpose.