Regarding licensing for a field review in Arizona, which statement is accurate?

The accurate statement regarding licensing for a field review in Arizona is that state laws dictate the need for a license or permit. In many jurisdictions, including Arizona, the requirements for performing appraisal reviews are governed by state regulations. These laws specify who can conduct reviews and under what conditions, which often necessitates having the appropriate state license or certification.

Licensing is important because it ensures that individuals conducting appraisals or reviews have met certain educational and professional standards. In Arizona, a licensed appraiser typically must be involved in review work, particularly if it relates to appraisals used for lending or other regulated purposes.

While federal laws set overarching guidelines for appraisal practices, it is the state laws that specifically define the licensing requirements that must be met to perform appraisal reviews in that state. Therefore, understanding the local regulations is crucial for compliance and practice within Arizona.