Earlier today, NAR sent commentspdf to the Appraisal Subcommittee (ASC) regarding comments made during its fourth hearing on appraisal bias held February 13th. In the letter, NAR challenges the notion that current guidance on banks and fair housing is sufficient to use for appraisers. NAR followed up its letter from March of 2023 with another request for clear guidance from HUD. NAR also asks the ASC to improve efforts to make appraiser compensation more transparent by, among other things, modifying the way appraiser and third-party fees are reported on the TILA-RESPA Integrated Disclosures (TRID).
Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.