Definition: For federal appraisal regulation, a real estate-related financial transaction involving a covered federal financial-institution regulator or regulated institution and requiring an appraiser's services under the governing rules.
Example
A regulated lender evaluates whether a proposed loan falls within a federal appraisal requirement or an applicable exemption.
Keep the distinction clear
It is not simply any sale involving a federal agency or any mortgage sold in the secondary market. Thresholds and exemptions must be checked under the applicable regulation.
Related terms
Appraisal · Appraiser · Underwriting
Keep studying
CMA vs. Appraisal: What Is the Difference?
References: Federal Reserve: interagency appraisal and evaluation guidelines
Pronunciation (US): FED-er-uh-lee ree-LAY-tid tran-ZAK-shun (capitals show stress)
Pronunciation reference: Merriam-Webster
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