There is a story going viral on social media concerning a cover up between the Appraisal Institute, REVAA and appraisal management companies. If you are on any of the appraisal forums or appraisal groups, we are positive you have seen the articles and video already. The story initially broke with a New York Times article,… Read More: Hot Topic »
A few days ago the Appraisal Regulation Compliance Council shared a very important matter in which all appraisers need to comment: From ARCC’s website: “The Appraisal Subcommittee (ASC) has proposed the Appraisal Subcommittee Enforcement Authority Rule, which seeks to expand its authority. Public input is critical to determine whether this expansion is the solution or… Read More: Your Feedback is Requested »
Last month marked the 7-year anniversary of Appraiser Fest. The conference was truly like nothing that had been done before. It was organized by appraisers for appraisers. The agenda was more about bringing the profession together and protecting the public trust. Appraiser Fest was not about promoting the profit of others at the expense of… Read More: When Things Go Unchecked….. »
A fellow appraiser is in need of your assistance. Many of you may have heard a Maryland Appraiser, Shane Lanham is the defendant in a law suite for a “low opinion of value based on the race of the homeowner.” Shane is counter suing the accuser for defamation as this has been a very publicized… Read More: Don’t Leave Him to the Sharks »
The local television station WWBT, NBC 12 in the Richmond market is airing a story on Thursday February 22 during the 6:00 News Broadcast about racial bias in real estate appraisals. We know this is not a new topic and previous stories that have aired have been extremely one sided and not from the appraiser’s… Read More: It’s Just Responsible Journalism »
VaCAP has learned the Georgia Real Estate Appraisal Board is considering rescinding rule 539-1-.23. This rule is the customary and reasonable fee requirement to appraisers from appraisal management companies. The matter will be decided at a 9:30 AM Sunday July17, 2022 meeting. From the Georgia Real Estate Commission and Appraisal Board: Purpose: In… Read More: Is Georgia Going Rogue? »
The CFPB is reviewing bias in Automatic Valuation Models (AVMs). The proposed rules are a joint effort by the Consumer Financial Protection Bureau, the Office of the Controller of the Currency, the Federal Deposit Insurance Corporation, the National Credit Union Administration and the Federal Housing Finance Agency. These agencies are concerned AVMS may reflect bias… Read More: Are They Finally Listening? »
Hybrid Appraisals were tested and failed. So what does Fannie Mae do? Let’s call them Desktops with third party inspectors. Fannie Mae has announced they will soon start accepting Desktop Appraisals. The appraiser does not inspect the property; however an interior floor plan including walls is required. This in itself is over and above what… Read More: Lets Call Them Desktops with Third Party Inspectors »
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: Action Required Now »
A Call to Comment has been issued. 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 well… Read More: Call To Comment »