In most real estate transactions, the real estate appraisal is ordered
by the mortgage lender. While the home buyer pays for the real estate
appraisal report as part of the closing costs, the mortgage lender retains
the right to use the real estate appraisal report or any information contained
within.
The homebuyer is entitled to a copy of the real estate appraisal report
- it's usually included with all of the other closing documents - but
is not entitled to use the report for any other purpose without permission
from the mortgage lender.
The exception to this rule is when a homeowner deals with the real estate
home appraiser directly. In this situation, the real estate home appraiser
may stipulate how the real estate home appraisal can be used -- such as
for PMI removal, or property tax challenges, or divorce proceedings, etc.
If not stipulated otherwise, the homeowner can use the real estate home
appraisal for any purpose.