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 typically trained to provide formal appraisal services. Their opinions may be informed by experience but do not meet the stringent standards required for federally related loans, which necessitate a certified appraisal.

Although real estate licensees are knowledgeable about property transactions, they do not have the specialized training required to conduct formal appraisals. Their opinions may lack the objectivity and rigor necessary for appraising property for federally related loans, rendering them inadequate for this purpose.

Certified Public Accountants (CPAs) focus primarily on financial reporting and tax matters, rather than property valuation. While they may have some understanding of market values, they lack the specific training and credentials needed to provide a supportable market value opinion for real estate transactions, particularly for federally related loans.