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Are appraisers required to not tell the owner what the appraisal is? |
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A licensed appraiser may only discuss the value opinion with the client. If the owner is the client, then the appraiser can discuss the value opinion. If the client is really the lender in a refinance or purchase situation, even if the owner pays the appraisal fee, the appraiser may only discuss value with the lender-client. The rules are spelled out in complete detail the Uniform Standards of Professional Appraisal Practice (USPAP). RMK
First answer by Rmking60. Last edit by Rmking60. Contributor trust: 7 [recommend contributor]. Question popularity: 9 [recommend question]
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