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What is ment by federally related transaction?

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Steve Metz

Thread Starter
Member
Joined
Jun 1, 2005
Professional Status
Licensed Appraiser
State
Georgia
I have a basic question. What is ment by federally related tranaction in regard to what a licensed verses certified appraiser can or can not appraise.

Is it more than Fannie Mae, Freddie Mac and Ginnie Mae?

IE

A licensed appraiser may perform any appraisal that is not to be used in a federally related financial transaction and may perform appraisals for use in a federally related financial transaction in the following categories:

Non-complex one to four unit residential properties where the value of the financial transaction does not exceed $1,000,000.00 and

Any type of property where the transaction value is less than $250,000.00.
In federally related transactions licensed appraisers may not appraise real estate where a development analysis/appraisal is necessary and utilized


Thanks
 
Last edited:

Steve Metz

Thread Starter
Member
Joined
Jun 1, 2005
Professional Status
Licensed Appraiser
State
Georgia
Thanks Mike you saved the day.
 

Mike Kennedy

Elite Member
Joined
Sep 28, 2003
Professional Status
Certified Residential Appraiser
State
New York
Welcome .....and Welcome Aboard Steve! You may find answers to almost any situation you may encounter by making the SEARCH tool above your best buddy. :icon_mrgreen:
 
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