The legal appraising instructions set forth in this chapter represent federal laws and regulations, laws of the State of Texas and legal instructions by the OAG. These interpretations of the law must be understood and followed in

all

appraisal reports. The appraiser must not substitute his/her own interpretation of these laws, since this would place him or her in the position of acting as both judge and appraiser. The appraiser must exercise the type of thinking necessary to produce an objective opinion of value, not an attorney’s opinion.