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The appraisal is the banks but they provide you a copy by law but its essentiallya courtesy copy. You do not have to share or disclose anything about it. Do not tip your hand to the sellers or their agent; only tell them if you think it will help your situation.
In California, all residential purchases use the same Residential Purchase Contract, often called the RPA. Listing agents know in the RPA, that the seller and the sellers agent have a right to receive the report.
Buyers get the appraisal report close to the closing date (at least 3 days before closing day). After the appraiser inspects the home, he submits the appraisal report to the lender.
To that end, many appraisers believe that any communication with individuals involved in the transaction including real estate agents is unlawful. However, the Bureau Chief of Californias Bureau of Real Estate Appraisers (BREA) debunked this view in a recent BREA newsletter.
Sellers will only see the appraisal if the value is low Keep in mind that most sellers never see the appraisal report.
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People also ask

Appraisers know that appraisal reports contain confidential information and assignment results. Within USPAP, confidential information is that which is not publicly available and is identified by an applicable law or regulation.
You legally dont have to disclose the appraisal with them if you dont want to. Unless youve already bought the house, I wouldnt show them. They could weasel their way out of the contract and relist it for more.

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