Who orders the appraisal?

For a purchase or a refinance through a bank or lender, the bank or lender will be responsible for choosing the appraiser. The bank usually has a small list of appraisers that are approved to do appraisals for the bank. Also, lenders have been and will continue to use appraisal management companies to outsource all appraisal responsibilities. For bankruptcies, divorces, estates and other personal reasons, the public can hire an appraiser directly.

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