One real estate-associated monetary exchange should be supported by a written estimate off market value, unless:
(2) The order is actually advanced, involves a domestic real estate purchase, $250,000 or more of your exchange well worth isn’t insured or guaranteed because of the a great All of us bodies company or Us regulators-paid department, and also the deal doesn’t qualify in the section (f) of point.
(c) Real estate-relevant financial deals requiring an assessment of the both your state-certified otherwise condition-subscribed appraiser. (1) An appraisal performed because of the a state-formal appraiser otherwise your state-signed up appraiser is necessary the real estate-associated monetary purchase perhaps not exempt lower than paragraph (a) associated with area in which the purchase isn’t advanced, involves a residential real estate transaction, $250,000 or higher of deal worthy of isn’t covered otherwise protected by the an excellent All of us regulators agency otherwise United states regulators-backed department, and also the transaction will not meet the criteria when you look at the section (f) of this section.