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Section 1.07 Appraisal Guidelines

Section December 14, 2018 Appraisal Guidelines Page 1 of 147 Correspondent Seller Guide Broker Seller Guide Section Appraisal Guidelines In This Section This Section contains the following topics. Overview .. 3 Introduction .. 3 Guideline Summary .. 3 Related Bulletins .. 6 Appraisers .. 7 Appraiser Selection Criteria .. 7 Supervisory or Review Appraiser Update .. 8 Ineligible Appraisers .. 9 Government Appraisal Approved Lists .. 9 Appraiser Independence Requirements .. 10 Scope of the Code .. 10 Appraiser Engagement .. 10 Appraiser Requirements .. 10 In-house Staff Appraisers .. 10 Appraiser Compensation .. 11 Settlement Services Provider .. 11 Prohibited Activities .. 11 Misconduct .. 12 Review of Appraised Values .. 13 General .. 13 Ineligible Appraisal Reports .. 13 Exceptions to Ineligible Appraisal Reports .. 14 Communication with the 14 Underwriter Responsibility.

Property Information The list below includes items that must be disclosed, if applicable: condo or PUD fees, non-realty items included in the transaction, any environmental hazard in or on the subject property or in the vicinity of the property that …

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