Newly licensed appraiser - $1M limit question

[shrubberyvaluation]

I recently received my residential license in California. I know I have the following limitations:

"The Licensed Residential Appraiser may appraise non-complex 1-4 residential units having a transaction value less than $1,000,000 and complex 1-4 residential units having a transaction value less than $400,000."

However, can I independently appraise/sign a general purpose appraisal report that is for date of death tax purposes if the value exceeds $1M? It is unclear to me if this is considered a "transaction value". Any insight would be appreciated. Thank you.

What defines complex? I'd argue rapidly changing market conditions is complex in itself.

 

[sputnam]

Transaction value is typically either the sales price or the loan amount. If either one is over $1 million. I don't know if the date of death value would be considered a 'transaction' or not. Call your appraisal board and get an opinion about from them. If in doubt, decline the assignment or find a certified appraiser to co-appraise with you.