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No. The Code prohibits lenders from relying on an appraisal if the broker had a role in selecting, retaining, or compensating the appraiser.
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No. The Code prohibits lenders from relying on an appraisal where the broker had a role in selecting, retaining, or compensating the appraiser.
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Does the Code permit a broker to select an appraiser from the lender’s list of approved appraisers, if the lender is responsible for the relationship with the appraiser, including compensation?
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- An appraiser provides a professional, unbiased opinion of market value, to be used in making real estate ...