David Sawyer
Member
- Joined
- Mar 8, 2008
- Professional Status
- Certified Residential Appraiser
- State
- Florida
Florida Statute 475.611
(i) "Certified residential appraiser" means a person who is certified by the department as qualified to issue appraisal reports for residential real property of one to four residential units, without regard to transaction value or complexity, or real property as may be authorized by federal regulation.
It is clear that the scope of license does not include anything other than 1-4 residential units.
Dennis,
I value your judgement! I need your assistance on where the line is drawn sometimes between residential/ commercial appraisal. I do not mean to get off the subject.
Case #1: 5 acre vacant lot, zoned AG-1 single family. Site is in an area of commercial change. All comps were at time of recent sale similar zoning but later changed to commercial after purchase. In discussions with county zoning dept, a request for change in zoning was automatic. Question, is this residential or a commercial appraisal?
Case #2: Vacant lot zoned multi-family (10 units or less) Typical lot in area has 4 units, some have 6-8 units. Comps are similar zoned, similar size and the option of units could be up to 8 units.
Would you mind addressing both of these as if they are residential or commercial (appraisals)?