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You are inspecting a residential property for an appraisal for mortgage financing purposes. The homeowner asks for a copy of the appraisal report. Which of
You are inspecting a residential property for an appraisal for mortgage financing purposes. The homeowner asks for a copy of the appraisal report. Which of the following statements in this scenario is FALSE? Group of answer choices The homeowner must speak with the lender to find out their policies for release of the report to the homeowner. The report belongs to the client, who is the party that hired the appraisal but not necessarily who paid for the appraisal. Without the client's authorization, you will be unable to release a copy of the report to any third party (someone not named as a client or an intended user in the report). CUSPAP prohibits releasing appraisal reports to borrowers in mortgage finance scenarios
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