Florida Statutes prohibits referring to a CMA as an appraisal. Appraisals concerning federally related transactions must be prepared by a state-certified or licensed appraiser Real Estate licensees who do conduct actual real estate appraisals are required to comply with the Uniform Standards of Professional Appraisal Practice (USPAP)
This information is courtesy of Rowlett Real Estate School www.rowlettrealestateschool.com
free to visit our class schedule and online real estate courses at http://www.rowlettrealestateschool.com/fl-schedule.htm
P.Stone, RRES
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