Georgia MLS Practice Exam 2025 – The All-in-One Guide to Mastering Your Real Estate Skills!

A VA qualified appraiser issues a Certificate of Reasonable Value (CRV) after appraising a property. This document reflects the appraised value determined by the appraiser, which is essential for veterans seeking to secure a loan through the VA loan program. The CRV is crucial as it helps the lender establish the market value of the property in question, ensuring that it meets the minimum property requirements set by the Department of Veterans Affairs.

This process is significant in the context of VA loans because the amount a veteran can borrow is often tied directly to the appraised value of the property. A satisfactory appraisal within the guidelines often leads to a more straightforward approval process for the loan, aiding veterans in their home buying journey. Unlike the other options, which pertain to different functions in the real estate transaction process, the Certificate of Reasonable Value specifically pertains to the valuation process as determined by a VA appraiser.