Category Archives: Notice

Call to Action!

  Speak About Hybrid Appraisals at the VREAB Meeting Tomorrow! The Virginia Real Estate Appraisal Board meets tomorrow for its quarterly meeting. The meeting will take place at DPOR Offices, located at 9960 Mayland Dr, Richmond, VA 23233 @ 10:00 AM. The agenda can be found on the Townhall.  This meeting is important as hybrid… Read More »

Clarocity Cites Government Shut Down as Reason for Late Payments

Clarocity Cites Possible Upcoming Government Shutdown as Excuse to Delay Payments to Appraisers!   From our Sister Coalition in Mississippi: “BEWARE if you accept any orders from Clarocity. I got a call from one of our members today telling me that Clarocity is citing the upcoming government shutdown as a reason appraisers may not get… Read More »

Important Info & Dates

February 5, 2019: This is the last day to submit comments to Federal Agencies concerning raising the minimum threshold for appraisals from $250,000 to $400,000. As of this writing, 275 comments have been received. Come up folks, there are 70,000 plus appraisers in this country, and less than 1% have commented. Please comment and encourage others… Read More »

The Shifting Narrative of Appraisal Modernization

The following  is written by a VaCAP guest author. The author, writing under the pen name “Steadfast Appraiser” is an appraiser who values the profession and believes in promoting public trust. The Shifting Narrative of Appraisal Modernization Is there are Crisis? Rahm Emanuel eloquently stated “You never let a serious crisis go to waste. And… Read More »

Warning to Appraisers: AMC asking Appraisers to Violate State Law

Appraisers Beware! VaCAP has been informed an email has been sent to Virginia Appraisers from Xome Vender Manager, Adam Burg. The email, addressed to “undisclosed recipients,”  starts with  “Dear Virginia Appraisers.” The body of the email announces that SunTrust Bank has begun ordering a bifurcated valuation product with an interior inspection.   The appraiser is to… Read More »

2019 Legislative Update

Senate Bill No. 1168 Senate Bill 1168 has been introduced into the Virginia Senate by Senator Bill DeSteph and impacts Real Estate Appraisers and Appraisal Management Companies. The bill allows for a regulatory Board within the Department of Professional Occupation Regulations to “expunge” a disciplinary record of a licensee. See the bill in the Virginia… Read More »

Call to Action: Comments Needed

The OCC, Board, and FDIC (collectively, the agencies) are inviting comment on a proposed rule to amend the agencies’ regulations requiring appraisals for certain real estate-related transactions. The proposed rule would increase the threshold level at or below which appraisals would not be required for residential real estate-related transactions from $250,000 to $400,000. Consistent with… Read More »

Welcome to VaCAP

Welcome to VaCAP VaCAP works to promote the appraisal profession and its image to elected and appointed public officials in the Commonwealth of Virginia, the users of appraisal services, and the general public. VaCAP initiates discussion and analysis of issues affecting professional appraisers and monitors the actions of State governmental bodies with the intent to… Read More »