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17 Feb 2022
Can a licensed real estate broker prepare an appraisal for a new loan on a property that the broker has listed for sale?
- yes, if the appraisal is identified as a comparative market analysis
- yes, if the appraisal is done before an offer to purchase is accepted by the seller
- yes, with proper disclosure to the lender about the broker's qualifications
D.no, real property appraisals are not within the scope of practice for a real estate broker
Can a licensed real estate broker prepare an appraisal for a new loan on a property that the broker has listed for sale?
- yes, if the appraisal is identified as a comparative market analysis
- yes, if the appraisal is done before an offer to purchase is accepted by the seller
- yes, with proper disclosure to the lender about the broker's qualifications
D.no, real property appraisals are not within the scope of practice for a real estate broker
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