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 are not necessarily qualified to provide formal appraisals that meet federal requirements. Brokers may offer comparative market analyses, but these do not carry the same weight as a certified appraisal when seeking federally-related loans.

Real estate licensees can have varying levels of expertise and training, and not all are qualified to provide appraisals. Their opinions may be useful for general market insights but lack the rigorous standards required for a supportable opinion of market value needed in federally-related financing.

Certified Public Accountants (CPAs) focus primarily on financial matters and accounting practices, not property valuation. While they may analyze financial data related to real estate transactions, they do not have the specialized training required to appraise property values for federally-related loan purposes.