Author Archive

UAD Goes Into Effect on September 1st for GSEs

In recent days there have been rumors and reports that the implementation of the Uniform Appraisal Dataset (UAD) announced by the government sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, would be delayed. NAR has confirmed that the UAD...
August 26, 2011

FHA Officially Adopts UAR

This week, the Federal Housing Administration (FHA) released Mortgagee Letter 2011-30: The Uniform Appraisal Dataset (UAD) and Appraisal Reporting Forms. The ML states that FHA will adopt UAD and two of the UAD compliant reporting form for all FHA...
August 25, 2011

NAR Calls for Ban on AMC Indemnification Clauses

On August 11, 2011, National Association of REALTORS® (NAR) President Ron Phipps sent a letter to federal regulators calling for a ban on the use of indemnification clauses used by appraisal management companies (AMCs). The letter was sent to...
August 12, 2011

Free Foundation Video on USPAP 2012-13 Changes

The Appraisal Foundation (TAF) released a free video this week previewing the 2012-13 changes to the Uniform Standards of Professional Appraisal Practice (USPAP). The 23 minute video includes: revisions to the definitions of “Client”, “Extraordinary Assumptions”, Hypothetical Condition”, and...
August 11, 2011

FHA to Codify Certified Appraiser Requirement

The US Department of Housing and Urban Development (HUD) unveiled a proposed rule in the Federal Register to ensure the agency’s rules conform with the Housing and Economic Recovery Act (HERA) of 2008. The proposed rule requires that appraisers...

Survey Says…

Each year at this time, REALTOR® magazine, published by NAR, and Remodeling magazine, published by Hanley-Wood, team up to produce the Remodeling Cost vs. Value Report. It provides resale values for popular remodeling projects in 80 U.S. metro markets....

State AMC Legislation Should Include Language Prohibiting Indemnification

With the passage of Dodd-Frank many states are working to enact legislation that requires appraisal management companies (AMC) to register with the appropriate state regulatory body. While many states have already passed AMC legislation other states are trying to...

Get on Track – the Fast Track

Many appraisers hold one, and sometimes more than one, designation from a host of professional appraisal organizations. These designations tell clients and, more broadly, the real estate industry that an appraiser has gone above and beyond the requirements for...

NAR Releases Appraisal Statement

Today, the National Association of Realtors (NAR) released a statement regarding appraisers and appraiser independence on their appraisal web page. In the statement, NAR expresses concerns about recent attempts to interfere with the appraisal process and the independence of...

NAR Announces UAD Webinar through Realtor University

The National Association of Realtors (NAR) announces a 60-minute webinar through Realtor University on the new Uniform Appraisal Dataset (UAD) on June 9, 2011 at 11:00am EST. The cost will be $19.95. RAA/GAA designees will receive a $10 discount...