Demographic and Background Information

Dear Alabama Licensed Appraiser:

This survey has been commissioned by the Alabama Real Estate Appraisal Board in order to collect data on "customary and reasonable" appraisal fees paid to Alabama-licensed real estate appraisers in 2016 as outlined in the federal regulations detailed at:

Title 12 - Banks and Banking
Chapter X - Bureau of Consumer Financial Protection
Part 1026 - Truth in Lending (Regulation Z)
Subpart E - Special Rules for Certain Home Mortgage Transactions
Section 1026.42 - Valuation Independence

This survey and the resulting report meet the requirements of the "Alternative presumption of compliance" for customary and reasonable compensation described in the above-referenced regulations.

Participants are assured that all responses are totally confidential, will not be associated with your identity or e-mail address, and will only be released in aggregate form.

Participants who complete this survey are invited to request a copy of the final survey report by entering their e-mail address at the conclusion of the survey.

Should you have any questions about the survey or need more information, please contact:

Dr. David Turnipseed

Thank you very much for your participation.

* 1. What was your position/occupation during 2016?during 2016:

* 2. Approximately how many years have you been in the appraisal business?

* 3. What is the five-digit zip code for the office location in which you spent the majority of your time in 2016?

* 4. How many residential appraisals for properties located in Alabama did you conduct during calendar year 2016?

* 5. What percentage of the residential appraisals you conducted in 2016 were completed directly for clients or lenders (i.e., NOT paid for by an appraisal management company - AMC)?