Property Valuation
A Mississippi appraiser is asked to provide a 'desktop appraisal' (without a physical interior inspection). Under current guidelines, desktop appraisals:
AAre never acceptable for any purpose
BMay be acceptable for certain lower-risk transactions when authorized by the lender and client, with clear disclosure of the scope limitations✓ Correct
CAre only acceptable for commercial properties
DRequire MREC approval before each use
Explanation
Desktop appraisals (relying on data without physical inspection) are permitted for certain lower-risk mortgage transactions per GSE guidance (Fannie Mae/Freddie Mac) and lender policies. The appraiser must clearly disclose the scope limitation (no inspection) and the assignment must be authorized by the client for that purpose.
Related Mississippi Property Valuation Questions
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