Bed and Breakfast: Highest and Best Use Residential or Commercial?

[The Warrior Monk]

By the way, unless I'm mistaken, a Cert. Res CAN appraise a commercial property, but the value has to be $250K or less.

It's not that simple...I depends on a whole host of factors, including state license law, client requirements, etc.

 

[VolcanoLvr]

The AQB says this in their document:
"....because federally related transactions less than $250,000 fall below the regulatory de minimus established by the Federal Financial Institution Regulatory Agencies, the scope of practice restrictions placed on individuals who can appraise commercial and residential properties below that threshold for financial institutions are few, if any."

So a Cert. Res. is not explicitly prevented from appraising commercial below $250K by the AQB (the federal de minimus amount), certainly state law can allow, or not allow, it. I believe we can in WA. Not sure about AK, which the OP should check.

And yes, I'd agree, that a client scope of work drives the assignment and the choice of appraiser.