It is against the law the "readdress" an appraisal as the realtor suggested. Although an appraiser may do that, it would be a violation of their license, and is unethical as well as against the law. The first appraisal was most likely inflated and that was discovered during a desk review from the bank. The agent will likely shop for another appraiser to hit the number she wants. The bank should order the appraisal from an unbaised, ethical appraiser whose fee is not based upon the outcome.