Property Valuation
A Colorado appraiser completing an appraisal for a federally related transaction must be:
AAny licensed real estate broker
BA licensed or certified appraiser per FIRREA requirements✓ Correct
CA member of the Appraisal Institute only
DApproved by the specific lender only
Explanation
FIRREA requires that appraisals for federally related real estate transactions be performed by licensed or certified appraisers in accordance with USPAP. This is enforced through state licensing boards like Colorado's Board of Real Estate Appraisers.
Related Colorado Property Valuation Questions
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