Certification #12 - Data Sources

FNMA Certification #12 says:

"I am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing services, tax assessment records, public land records and other such data sources for the area in which the property is located."

Comments and Conclusions:

The appraiser must have access to necessary and appropriate public and private data sources for the area in which the property is located.  At a minimum, Metro Atlanta appraisers MUST have access to MLS, FMLS, RedLink, and GSCCCA.org.

In addition, GREAB Regulations require that the appraiser:

"Obtain all data used in every appraisal from a reliable source and verify that data from at least one additional reliable source.  For purposes of this Chapter a reliable source shall be one typically utilized by appraisers in the area..." (GREAB Rules as amended August 1, 2006, page 5)

So not only does FNMA, Certification #12 require that the appraiser be familiar with the appropriate data sources but so does the GREAB.

USPAP has always required access to appropriate data (See AO24, USPAP 2006).