Does the Code prohibit the appraiser from communicating with the realtor involved in the subject transaction?
No. The Code does not prohibit the appraiser from speaking with the realtor. Information provided by the realtor or any other third party should be researched and independently verified by the appraiser. An appraiser must certify that information received from anyone with a financial interest in the sale or financing of the subject property was verified by a disinterested party (see Appraiser’s Certification #10 on Freddie Mac Form 70, Uniform Residential Appraisal Report).
Related Questions
- Does the Code prohibit the appraiser from talking with the Realtor involved in the subject transaction? Can the Realtor provide comparable data and/or explain their pricing strategy to the appraiser?
- Does the Code prohibit the appraiser from communicating with real estate agents or third parties acting on behalf of the lender involved in the subject transaction?
- Does the Code prohibit the appraiser from communicating with the realtor involved in the subject transaction?
