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MLS numbers required?

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laurielutton

Thread Starter
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Joined
Apr 8, 2008
Professional Status
Licensed Appraiser
State
California
Is it required by Fannie and Freddie that the MLS numbers be included for all comparbles in the report?
I have never done this and now have an LO telling me it is a requirement. I have always used apn #'s and tax record doc #'s.
 

TC

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Gold Supporting Member
Joined
Jan 31, 2002
Professional Status
Certified Residential Appraiser
State
Pennsylvania
Short answer, NO.

Each UW/Reviewer seems to have their own set or rules, some require it, some don't. I have never put the MLS number on the report, and have never been questioned about it.

TC
 

Tony V

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Mar 29, 2005
Professional Status
Certified Residential Appraiser
State
New York
I have never seen it as required by Fan/Fred...but I was taught to put the #'s there..
 

Riick

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Aug 14, 2007
Professional Status
Certified Residential Appraiser
State
Delaware
F-'em... give them a pdf of the MLS listing, maybe that will make them happy.
 

Restrain

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Joined
Jan 22, 2002
Professional Status
Certified General Appraiser
State
Florida
No one requires it. I like to see them. Sometimes it can trip up a phony sale. I did a field review on one, and our MLS has 8 numbers. The MLS numbers on the sales all had 7. Nailed a real fraudulent one there.
 

Smokey Bear

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Dec 8, 2004
Professional Status
Certified Residential Appraiser
State
California
If I'm using it as a source, I put the number in. Not required, but good reporting practice.
 

Kevin Mc

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Jun 7, 2004
Professional Status
Certified Residential Appraiser
State
New York
F-'em... give them a pdf of the MLS listing, maybe that will make them happy.

If the MLS in your area is copyrighted, you can't do that (legally anyway)
 

Obsolescent

Senior Member
Joined
Jul 6, 2004
Professional Status
Certified Residential Appraiser
State
Minnesota
From what I understand, clients usually request MLS numbers to make it easier for their reviewers. But otherwise, no, it is not required.
 

Riick

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Joined
Aug 14, 2007
Professional Status
Certified Residential Appraiser
State
Delaware
Only reason it's desired is that there are sooooo many skippies that NO ONE believes the occasional honest appraiser.

OH... and don't forget to put a time & date stamp on your photos, together with a video of yourself with hand on Bible swearing you (honest injun!) inspected the property and drove the comps.
 

timd354

Elite Member
Joined
Jan 11, 2008
Professional Status
Certified Residential Appraiser
State
Maryland
From what I understand, clients usually request MLS numbers to make it easier for their reviewers. But otherwise, no, it is not required.

No, it is not required unless the client has a supplemental guideline requiring it.

If the reviewer is geographically competent and has access to the proper data sources, including the proper MLS, for the areas that he/she is reviewing, then he/she can just as easily look up any comp in the MLS using the property address.
 
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