The REALTOR® legislative and regulatory agendas focus on efforts to stimulate, stabilize, and strengthen real estate markets across the nation while protecting the business interests of members. A fundamentally sound and dynamic U.S. real estate market is an essential component of the American economy and fosters vibrant communities in which to live and work.
The National Association of Realtors® represents approximately 25,000 state-licensed and certified appraisers throughout the country. NAR’s Responsible Valuation Policy states that “persons who perform appraisals of real property shall be licensed or certified by their respective state regulatory agency and the appraisal shall be conducted in accordance with standards established in the Uniform Standards of Professional Appraisal Practice (USPAP).”
An appraisal is an important part of the home buying process because it assures the lender the property has adequate collateral to make the loan. NAR closely monitors federal legislative and regulatory issues related to appraisals. NAR has long advocated for an independent appraisal process and enhanced education requirements that allow appraisers to produce the most credible appraisal reports possible.
Browse the Federal Issues Tracker to learn about appraisal issues and how they affect REALTORS®, home buyers, and private property owners. There you'll find:
- Current Federal Valuation Issue Summary: NAR's summary and links to current valuation issues impacting real estate transactions.
- Bills and Regulations: NAR tracks hundreds of legislative and regulatory proposals every day. Search bills by category, bill number, sponsor, legislative session, and more.
- Congressional Testimony: NAR provides expert testimony to committees in both the House of Representatives and the United States Senate.
- Letters to Federal Agencies: NAR's President sends letters to agencies that regulate some part of the real estate transaction.
Read the weekly Washington Report articles recapping NAR's activity on the hill.