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 a licensed real estate broker has knowledge of the market and may provide insights into property values, they are not necessarily trained to conduct formal appraisals. Their opinions, although informed, do not carry the same weight or regulatory compliance as those provided by a certified appraiser, which is crucial for federal loan processes.

Although real estate licensees can offer opinions on property value, they lack the specialized training and certification required to provide a supportable opinion for federally-related loans. Their evaluations may be subjective and are not recognized as formal appraisals, which can jeopardize the loan approval process.

A Certified Public Accountant (CPA) primarily focuses on financial and tax matters, not real estate valuations. While they may have a general understanding of market conditions, they do not possess the specific training or qualifications to appraise property values, making their opinions unsuitable for federally-related loan assessments.