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Important detail in interpretation.

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* State Licensed and Certified Residential appraisers performing appraisals on non-residential (i.e. commercial, farms, timberland, etc.) property types shall comply with the following limitations.
Federally Related Transactions: A state licensed/certified residential appraiser shall be limited to appraising a “transaction value” (loan value) of no more than $250,000.
Non-Federally Related Transactions: A state licensed/certified residential appraiser shall be limited to a “property value” of no more than $250,000.
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from Arkansas state law​
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