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Appraisal

  • Watch the full video of 2016 NAR Real Property Valuation Committee Chair Michelle Bradley's testimony before the House Committee on Veterans' Affairs – Economic Opportunity Subcommittee.

  • Michelle Bradley, the 2016 NAR Real Property Valuation Committee Chair, testified before the House Committee on Veterans' Affairs – Economic Opportunity Subcommittee at a hearing entitled “Assessing VA Approved Appraisers And How To Improve The Program For The 21st Century.”

  • The VA home loan program, considered the gold standard for appraisal independence, is under pressure because of delays in finding an appraiser.

  • NAR and other industry leaders testified as Congress focused on regulatory challenges to appraisers in the VA Home Loan Program.

  • Tax reform is next on Congress’ to-do list and NAR President William Brown has said NAR is ready to protect longstanding real estate tax incentives. Also covered in the latest Voice for Real Estate news video from NAR are updates on flood insurance, the appraisal profession, home sales, and last month’s AE Institute in Denver.

  • Nearly 75 percent of appraisers surveyed by NAR named frustration with excessive regulation as a reason for potentially leaving the field.

  • Regulation, an altered appraisal market structure, and compensation issues burden those currently in the industry, while poor incentives make it harder to grow the next generation of appraisers, according to insight from the Appraiser Trends Survey. From Economists' Outlook.

  • The Federal banking agencies, which make up the Federal Financial Institutions Examination Council (FFIEC), have issued a joint report to Congress detailing their review of rules affecting financial institutions.

  • NAR seeks to determine whether a shortage of appraisers exists and to what extent, and to explore other issues facing the appraisal profession.

  • The U.S. Department of Housing and Urban Development (HUD) - Office of Inspector General (OIG) recently became aware of a number of instances of appraiser identity theft. The fraudulent schemes varied, but stemmed from someone using the state certification number of a Federal Housing Administration (FHA) roster appraiser. In many cases, the harm was made possible when an FHA roster...

  • This survey covers the fourth quarter of 2016, focusing on current trends in lending, shortages of appraisers, and rising rates.

  • House Financial Services Committee to review Dodd-Frank’s effect on appraisers, consumers, stakeholders, and explore the future of appraisals.

  • REALTORS® win big--and the CFPB loses--in a major RESPA ruling.

  • NAR sent a letter to the Department of Housing and Urban Development (HUD) Secretary Julián Castro thanking him for listening to NAR’s concerns and revising the Single Family Housing Policy Handbook 4000.1 (the Handbook) appliance review requirements for FHA appraisals.

  • HUD's Single Family Housing Policy Handbook clarifies that appraisers must note that appliances adding to the market value of a property are present. 

  • The Appraisal Standards Board has issued the September Q&As for the 2016-17 edition of Uniform Standards of Professional Appraisal Practice. The Q&As address using drones in appraisal inspections and Restricted Appraisal Reports concerning multiple parties.

  • The National Association of REALTORS® hosted an Appraisal Summit, focused on appraiser job satisfaction and industry growth in the context of today's regulatory structure.

  • NAR submitted comments to the Appraisal Subcommittee (ASC) on a proposed rule concerning the annual Appraisal Management Company (AMC) registry fees.

  • The Appraiser Qualifications Board has adopted changes to the three-year Supervisory Appraiser jurisdictional requirement which are in line with previous requests made by NAR.

  • NAR sent a letter to the Appraiser Qualifications Board. The letter was in response to the Appraiser Qualifications Board’s (AQB) First Exposure Draft – Proposed Changes to the Real Property Appraiser Qualification Criteria.

  • FHA policy changes cause confusion, according to speakers at a real property valuation forum at the 2016 REALTORS® Legislative Meetings & Trade Expo.

  • NAR seeks to make rural loans more competitive. Plus, understanding the ins and outs of selling a house with a reverse mortgage.

  • How you can stop scams that are hitting real estate. Plus, accounting changes that might affect your commercial real estate clients.

  • NAR re-iterated recommendations regarding the AQB's Real Property Appraiser Qualification Criteria, in particular the need to re-evaluate the need for a Bachelor’s degree for Certified General and Certified Residential classifications. NAR also recommended the AQB revise the use of the term "Trainee" and the three-year residency requirement for Supervisory Appraisers...