Who may give a supportable opinion of market value to be used in seeking a federally-related loan to finance a real estate transaction?

While licensed real estate brokers have knowledge of the market and property values, they typically do not possess the specialized training or certification required to provide formal appraisals for federally-related loans. Their opinions may lack the objectivity and compliance with federal standards required for mortgage financing.

Although real estate licensees can provide market analyses, they are not authorized to give supportable opinions of market value for federally-related loans without the credentials of a certified appraiser. Their assessments may be useful for general guidance but do not meet the rigorous standards needed for formal appraisals.

A Certified Public Accountant (CPA) specializes in accounting and financial matters, but they do not have the training or certification necessary to appraise real estate. While a CPA may provide insights into the financial aspects of a transaction, they cannot deliver the formal market value opinions required for federally-related loans.