Appraisal & Valuation Archive

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....

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...

No Joke: States Aim to Prohibit Foreclosures in Appraisals

An American Banker article last week notes that four states are considering legislation that would prohibit an appraiser from using foreclosures in an appraisal report. According to the article, the rationale is that the high number of foreclosures in...

AQB Exposure Draft – Comments Welcome

The Appraisal Foundation’s Appraisal Qualifications Board (AQB) issued the third draft of Proposed Revisions to the Future Real Property Appraiser Qualification Criteria earlier this month. Previously, the AQB held a public hearing in Minneapolis, MN, on the types of...

Updates Available for Uniform Appraisal Dataset

The Uniform Appraisal Dataset (UAD) standardizes key appraisal data elements to enhance data quality and promote consistency for mortgages purchased by the government sponsored enterprises (GSE), Fannie Mae and Freddie Mac. For appraisals with an effective date (date of...