On Oct. 1, 2013, The National Association of REALTORS® hosted a Valuation Summit in Washington, DC. Representatives from federal government agencies and national real estate associations, including NAR members, participated in panel presentations and roundtable discussions about hot button valuation issues. Topics included appraiser and real estate communications, the value appeals process, and working with Appraisal Management Companies (AMCs). NAR wants to better educate its members about the appraisal system that is currently in place but also influence policy areas where the organization sees opportunities for improvement. At the 2013 REALTORS® Conference and Expo in November, NAR will host a Real Property Valuation Forum to further explore the issue of real estate agent and appraiser communications and provide REALTORS® strategies to better manage the appraisal process.
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