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What is an example of appraiser independence statement?
I assert that no employee, director, officer, or agent of the Client, or any other third party acting as joint venture partner, independent contractor, appraisal company, appraisal management company, or partner on behalf of the Client has influenced or attempted to influence the development, reporting, result or
What does an independent appraisal mean?
Independent Appraisal means an engagement for which an appraiser is employed or retained to act as a disinterested third party in rendering an unbiased analysis, opinion, or conclusion relating to the nature, quality, value, or utility of specified interests in or aspects of identified real estate.
What is an appraiser independence certification?
These Appraiser Independence Requirements (AIR) set forth standards to safeguard the independence, objectivity, and impartiality of appraisers and other Independent Parties throughout the valuation process for 1 to 4-unit residential properties.
What is the difference between a bank appraiser and an independent appraiser?
A bank appraisal is primarily conducted for the lenders benefit during the mortgage approval process, while an independent appraisal serves a variety of purposes and is initiated by the property owner or another party seeking an unbiased assessment of the propertys value.
The independent auditor must be without bias with respect to the licensee under audit to ensure the impartiality necessary for the dependability of the findings
15 U.S. Code 1639e - Appraisal independence requirements
It shall be unlawful, in extending credit or in providing any services for a consumer credit transaction secured by the principal dwelling of the consumer,
Acts or practices that violate appraisal independence shall include- (1) any appraisal of a property offered as security for repayment of the consumer credit
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