Appraisal Foundation President, Dave Bunton, said he expects the parties involved with the Cuomo Agreement to make an announcement about the Home Valuation Code of Conduct within the next 30 days. Mr. Bunton went on to say that despite the recent Conservatorship of Fannie and Freddie, he thinks the HVCC is still alive. However, he expects the code will likely be diluted when released in its final form. Mr. Bunton made his comments at the Appraisal Standards Board meeting yesterday in Chicago.
Mr. Bunton also listed other future activities of the Appraisal Foundation:
– The Foundation is creating a two and a half day Investigator Training course for state regulators. Initially, the course will only be open to state regulators and their staff. However, the Foundation is open to the possibility of releasing the course to the public.
– In 2010, the Foundation will roll out an online version of USPAP.
– The Foundation will create a Set of Best Practices for Supervisor Appraisers and Trainees.
– The Foundation is looking to clarify what determines acceptable communication with appraisers.
These activities are all are very beneficial to appraisers, and it is good to see the Foundation taking such a pro-active role in improving the profession.
Manager of Appraisal Specialties