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A broker has been hired to appraise a property being offered for sale. The broker must arrive at the same estimated market value as the

A broker has been hired to appraise a property being offered for sale. The broker must

  1. arrive at the same estimated market value as the certified real estate appraiser.
  2. adhere to the Uniform Standards of Professional Appraisal Practice (USPAP).
  3. accept a fee only if the estimated value is the same or higher as the purchase agreement price.
  4. notify the lender immediately if the value reached is lower than the purchase price.

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