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2. Appraiser Requirements (05/09/2022)
All Appraisers must comply with the Uniform Standards of Professional Appraisal Practice (USPAP), including the Competency Rule, when conducting appraisals of Properties classified as Personal Property or Real Property. Certified real estate Appraisers providing appraisal services for land parcels and/or a real property interest in the Manufactured Home will follow USPAP Standards 1 and 2 when developing and reporting the results of the appraisal. All Appraisers providing services involving Manufactured Homes where the property interest is Chattel (or Personal Property) will follow USPAP Standards 7 and 8 when developing and reporting the results of the appraisal.
The Appraiser must include evidence that the Appraiser meets one of the qualification standards, such as a copy of a current certification, a printed web page or other documentation showing that the Appraiser is:
• MHV certified on the MHV registry; or
• a certified real estate Appraiser who is active on the FHA Appraiser Roster.
Requirements for Appraisers of real estate interests and Chattel (or personal property interests) are found in the Other Participants - Appraisers section of Doing Business with FHA in Handbook 4000.1.