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What does it mean to be appropriately trained and qualified in the area of real estate appraisals?

April 26, 2017appraisals appropriately area mean qualified Real Estate trained

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What does it mean to be appropriately trained and qualified in the area of real estate appraisals?

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Each lender must determine what constitutes adequate training and qualifications. At a minimum, the trained and qualified individual must understand the Code, appraisal regulations and enforcement, as well as the Uniform Standards of Professional Appraisal Practice.