21 NCAC 57D .0312         Requesting Additional Information from an Appraiser

An appraisal management company may request that a real estate appraiser who performs an appraisal for the appraisal management company provide additional information as follows:

(1)           An appraisal management company may request that the appraiser consider additional appropriate property information including relevant sales data and property characteristics. Such request shall be made within 30 days of the date the appraisal is first transmitted by the appraiser to the appraisal management company.

(2)           An appraisal management company may request that the appraiser provide further detail, substantiation, or explanation for the appraiser's value conclusion, or to correct errors in an appraisal report. There is no time limit on such requests.

(3)           Any request under this Rule shall be sent to the appraiser in writing or by electronic means.

History Note:        Authority G.S. 93E-2-3; 93E-2-7;

Eff. January 1, 2011;

Amended Eff. January 1, 2013;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. October 3, 2017.