Question 1

How are residential and commercial property appraisers licensed?

Accepted Answer

Commercial & Residential RE appraisers have different licenses
Commercial RE appraisers appraise both commercial & residential real estate
Residential appraisers are limited to single family & multifamily up to four units

Question 2

Commercial Real Estate Appraisal

Accepted Answer

Daniel Peele has an extensive background in appraising Commercial real estate.
Please call to discuss your needs.

Question 3

Commercial Real Estate Appraisal under RE Brokers License

Accepted Answer

Responsible Valuation Policy
(National Association of Realtors)

https://www.nar.realtor/appraisal-valuation/responsible-valuation-policy (https://www.nar.realtor/appraisal-valuation/responsible-valuation-policy)

Question 4

Purpose of Valuation Policy

Accepted Answer

This document serves as the National Association of REALTORS® statement of federal policy on valuing real property. It serves as a guide for members and staff in advocacy efforts for federal legislation and regulatory policy.

This statement of policy, aside from the National Association of REALTORS® Code of Ethics, is not in any way an attempt to impose new or additional standards of practice or behavior on members of the National Association of REALTORS®.

Question 5

Standard of Practice 11-1

Accepted Answer

When REALTORS® prepare opinions of real property value or price, other than in pursuit of a listing or to assist a potential purchaser in formulating a purchase offer, such opinions shall include the following unless the party requesting the opinion requires a specific type of report or different data set:
1. Identification of the subject property
2. Date prepared
3. Defined value or price
4. Limiting conditions, including statements of purpose(s) and intended user(s)
5. Any present or contemplated interest, including the possibility of representing the
6. Seller/landlord or buyers/tenants
7. Basis for the opinion, including applicable market data
8. If the opinion is not an appraisal, a statement to that effect (Amended 1/10)

Question 6

Responsible Valuation Policy Appraisals

Accepted Answer

• Persons who perform appraisals of real property shall be licensed or certified by their respective
 • State regulatory agency and the appraisal shall be conducted in accordance with standards
 • Established in the Uniform Standards of Professional Appraisal Practice (USPAP).
 • No person with an interest in the mortgage transaction shall compensate, coerce, extort,
 • Collude, instruct, induce, bribe, or intimidate a person, appraisal management company, or firm
 • For the purpose of causing the appraised value to be based on anything other than the
 • Independent analysis of the appraiser.

Question 7

Non-Appraisal Opinions

Accepted Answer

• Non-appraisal opinions, such as Broker Price Opinions (BPO) and comparative market analyses
 • Performed by REALTORS® shall contain, at a minimum, the information specified in Standard of
 • Practice 11-1 of the National Association of REALTORS® Code of Ethics except where the party
 • Requesting the opinion requests a specific type of report or different data set, or where the opinion
 • Is developed in pursuit of a listing or to assist a potential purchaser in formulating a purchase offer.

Question 8

Is there a list of Real Estate Service Providers that I can refer to?  Yes....

Accepted Answer

Examples include residential appraisers, private lenders, surveyors, environmental consultants, lawyers and many more……For more info please visit our "RE Related Services" page on this website.

Commercial
Real Estate Appraisals

CFAC provides appraisals to estimate market value, estate planning, divorce and more

FAQs

Commercial Real Estate Appraisals

CFAC provides appraisals to estimate market value, estate planning, divorce and more

FAQs

Commercial
Real Estate Appraisals