Appraiser definition

Appraiser. An Independent nationally recognized professional commercial real estate appraiser who (i) is a member in good standing of the Appraisal Institute, (ii) if the state in which the related Mortgaged Property is located certifies or licenses appraisers, is certified or licensed in such state, and (iii) has a minimum of five years’ experience in the related property type and market.

Appraiser shall have the meaning assigned to such term in the Servicing Agreement.

Appraiser means an independent appraiser, selected by the Servicer, as applicable, that is a member in good standing of the Appraisal Institute and that is certified or licensed in the state in which the Mortgaged Property is located, and who has a minimum of five (5) years’ experience in the appraisal of comparable properties in the geographic area in which such Mortgaged Property is located.

Examples of Appraiser in a sentence

• All notices to the Appraiser shall be considered to be properly given if mailed to the address specified below, or delivered personally to the Appraiser.

• The Appraiser has not employed any person to solicit this agreement and has not made, and will not make, any payment or any agreement for the payment of any commission, percentage, brokerage, contingent fee, or other compensation in connection with the procurement of this agreement.

• The Agency, by written notice to the Appraiser, may modify the scope of quantity of the services to be furnished under this agreement.

• Attached as Attachment B, is a statement by the Appraiser, certified by him to be true and correct, setting forth his technical qualifications, general appraisal experience, specific experience in appraising properties of the type involved in this agreement, the courts in which he has testified as an expert witness, and other information pertinent to establishing his technical qualifications.

• Any action by the Agency under this agreement may be taken by , or such other person(s) as the Agency may, by written notice to the Appraiser, designate for such purpose.

More Definitions of Appraiser

Appraiser means a nationally recognized or major regional investment banking firm or firm of independent certified public accountants of recognized standing.

Appraiser means a firm of internationally recognized, independent aircraft appraisers.

Appraiser means an individual licensed under article 26 of the occupational code, 1980 PA 299, MCL 339.2601 to 339.2637.

Appraiser means a Person engaged in the business of appraising property or otherwise qualified to pass upon the Fair Value or fair market value of property.

Appraiser means the Person who prepared the Appraisal.

Appraiser means Deloitte & Touche LLP Valuation Group.

Appraiser means a nationally recognized MAI appraiser selected by Borrower and reasonably approved by Lender.