Author Archives: VaCAP Board

Sadden by the Passing of a Colleague

We are saddened to share the passing of our colleague, Mike Miller. Mike was active in the appraisal community for over 30 years and was appointed to the Virginia Real Estate Appraisal Board several times. His dedication to the profession was deep. Many appraisers, both commercial and residential were trained through his office.  Our thoughts and… Read More »

PSST… Want to buy a Bridge in Brooklyn?

This is what Class Valuation appears to be doing to justify their actions. According to the article written by Richard Torne in Mortgage Professional America, Class Valuation has announced the acquisition of DataMaster.  From the article:   “Were not replacing the appraiser, we’re empowering them” Appraisers have had their fair share of discussions on Class… Read More »

Action Required Now

Reminder to Comment – Only Four Days Remain! The FTC is asking for public comments on the consent decree by the Louisiana Real Estate Appraisal Board. The time line to comment is short and ends on July 22, 2021. VaCAP asks each of you to take a few minutes and read the consent decree as… Read More »

Have a Seat Please

              “If you don’t have a seat at the table, you are on the menu.”     Would it be misleading to disclose you performed a personal inspection of a property done with significant appraisal assistance in which you relied on supported demographics? Well maybe… The Appraisal Foundation has… Read More »

Appraisal Fees Back in the Spot Light

FTC vs LREAB Update The Supreme Court has denied the Louisiana Real Estate Appraisal Board’s petition to intervene in the administrative case for price fixing by the FTC. The FTC  trial is scheduled to proceed on April 20, 2021. VaCAP is closely following this case and will update you as it proceeds.  To view all… Read More »

The Appraiser’s Conundrum

The Appraisal Foundation has issued an exposure draft for Advisory Opinion 16. Advisory Opinion 16 is Fair Housing Laws: Avoiding Bias in Real Property Appraisal and Appraisal Review Development and Reporting. Unlike other exposure drafts, the text of the advisory opinion has been rewritten. The traditional strike through of word or phrase changes is nonexistent.… Read More »

Let’s Play a Game

How about 20 Questions..,  The Federal Housing Finance Agency (FHFA) has 20 questions for you.  Well, Actually it is only 19 questions. The FHFA is the organization  of the Federal Government that oversees Fannie and Freddie. They want feedback on how the GSE’s should move forward with appraisal policy, risk and appraisal processes.  Now why FHFA… Read More »