What obligation does a new salesperson have when asked for a property appraisal?

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When a new salesperson is asked for a property appraisal, the correct obligation is to refer the inquiry to an experienced appraiser. This is important because property appraisal requires a certain level of expertise and certification that real estate salespersons may not possess. By referring the request to a qualified appraiser, the salesperson ensures that the appraisal is conducted accurately and professionally, protecting both the seller and the buyer involved in the transaction.

Options B, C, D, and E are not the correct obligations for a new salesperson when asked for a property appraisal. Researching prices on MLS®, giving a rough estimate based on similar properties, asking for the original purchase price, or personally valuing the property may lead to inaccurate or unreliable appraisals, which can have legal and financial ramifications in real estate transactions.

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