That sounds like a question that might be specific to your local Florida market and practices vs. a national forum. 

The default answer is "ask your broker".

No paperwork required in florida?  What about your state.  

There is no addendum needed. Perhaps the word "waive" is a misnomer. An appraisal waiver is when your loan is being sold to Fannie or Freddie and we have enough information about the house from prior appraisal records, public records and automated systems (couple systems) to decide that the loan to value requested can fit. Back end behind the Wizard of Oz's curtain there is an appraisal which borrowers do not pay for nor receive. 

Note: blue man is not asking about a Borrower waiving appraisal contingency in a purchase contract he/she asks about an appraisal waiver by a lender

I guess it depends on the state you are in and the content of your contract. 

Depends on what state you are in.  Here in AZ we have an Additional Clause Addendum that speaks to appraisal waivers and appraisal shortfalls - 2 different categories.  

No addendum necessary here in Utah. That is information shared between buyer and lender and only can affect the seller if property does not come in at appraisal. 

Depends on your state and how the contracts are written.

Check with your broker.

Why isn't that on the pre-approval?

We would strike the 'subject to appraisal' part of the lending paragraph.

John Juarez has this one. Waiving the appraisal in the contract has no bearing on a lender waivintg the appraisal.

Neither the buyer nor buyer' agent can "waive" an appraisal. The contract is between the buyer and seller and the lender is not a party to the contract.

It is possible to make an offer with no appraisal contingency but that is a different matter. That would be embodied in the offer and accompanied by a Contingency Release form for that specific contingency.

A lender needs to put a value on the property...the lender's collateral. If the lender waives a live appraisal, they will determine the value in another way. That does not guarantee that the lender's valuation will be sufficient to cover the purchase price

It depends on your area that can have specific addendum.

Both...it's written into the offer by simply checking a "non-contingent box" and there's a contingency removal form which is redundant to this RPA feature, but required in CA by Big Block Realty.

In California the purchase agreement has a checkbox for "This offer is NOT contingent on a written appraisal" (or something along those lines).  There are other things you can do as well to make it more visible, but that's the main one.

In Arizona we have the additional clause addendum through the Arizona Association of Realtors we use for the appraisal waiver. Jeff

What state are you in and what is your broker's suggestion?

never had a lender give permission.  Buyers have waived house having to appraise at purchase price, but are paying the difference out of pocket.

Follow your local requirements.

No specific addendum for this and it has been happening a lot lately ... for buyers coming in with large down, that's been going on for a long time, 10+ years. We NEVER advisethe buyer to waive appraisal but if the lender is not requiring one . . . as long as buyer is happy we are happy. And we review comps REGARDLESS and advise if they are consciously overpaying for market. IF the property is significantly over market . . . we'll execute an addendum that says buyer is aware and accepts it!
Just like if a seller wants to overprice . . . seller is aware Broker advises a list price below Seller's directed dollar amount.

This all depends on the state you are located and the forms you use.  In Orgeon, this verbiage is written into the contract in the financing section typically.

On the few occasions when the lender waived the appraisal, there was no additional paperwork for me.   I would love to see it happen more often!

If the buyer waives the appraisal...well that's a different story and there does need to be additional paperwork.