Under the FIRREA,for appraising federally related transactions,each federal regulatory agency establishes:

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Under the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA), each federal regulatory agency is responsible for establishing appraisal guidelines for federally related transactions. These guidelines ensure that appraisals are conducted by qualified and competent professionals and that they adhere to industry-recognized standards. The agencies also have the authority to enforce these guidelines and impose penalties on appraisers who violate them.

Under the FIRREA,for Appraising Federally Related Transactions,each Federal Regulatory Agency