Delaware Administrative Code
Title 1 - Authorities, Boards and Commissions
200 - Delaware Manufactured Home Relocation Trust Fund
201 - Delaware Manufactured Home Relocation Trust Fund Regulations
Section 201-7.0 - Certified Manufactured Home Appraisers

Universal Citation: 1 DE Admin Code 201-7.0

Current through Register Vol. 28, No. 3, September 1, 2024

7.1 The Authority shall maintain a list of certified manufactured home appraisers who are authorized and qualified to appraise manufactured homes in Delaware.

7.2 The appraiser shall be an independent appraiser who is qualified to appraise manufactured homes in Delaware.

7.3 Any appraisal required under the Act shall include the certified manufactured home appraiser's opinion as to the fair market value of the manufactured home as sited, and any existing appurtenances, but shall exclude the value of the underlying land. The appraisal shall take into consideration the replacement cost of the manufactured home, together with the age, physical condition and appearance of the home.

7.4 Any appraisal submitted by the appraiser shall include the appraiser's professional qualifications, a summary of the salient facts and conclusions of the appraiser, a description of the manufactured home, its condition, and the appraiser's analysis and conclusions.

7.5 The appraiser shall provide at least one original and three copies of each report to the Authority.

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