Washington Report

Advocacy Updates from Washington D.C.

NAR Hosts Appraisal Summit

On July 28, 2016, 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. A variety of stakeholders in the appraisal field, including trade associations, federal regulatory officials and practitioners attended the Summit. Representatives from Fannie Mae, the Federal Housing Agency, the US Department of Veterans Affairs and the Appraisal Subcommittee discussed current issues facing the appraisal field with attendees. NAR is focused on educating 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 2016 REALTORS® Conference and Expo in November, NAR will host a Real Property Valuation Forum to address another issue creating much discussion in the appraisal field, automated valuation models (AVMs).