Policy Archive

NAR Adopts Broader Valuation Policy

The National Associaiton of REALTORS® (NAR) continues its holistic approach to valuing real property with the adoption of its Responsible Valuation Policy. The document is the culmination of NAR’s efforts to consider all methods of valuing real property. NAR...
February 16, 2012

NAR Adopts Policy to Regulate AMCs at Midyear Legislative Meetings

On Saturday, May 16, 2009, the NAR Board of Directors adopted policy that supports the regulation of appraisal management companies, primarily through FIRREA and the existing appraisal regulatory infrastructure. NAR President Charles McMillan hinted at such a policy in...

NAR Calls for Delay of HVCC

On April 20, 2009, NAR sent a letter to Fannie Mae and Freddie Mac requesting that the Home Valuation Code of Conduct (HVCC) be delayed until May 1, 2010. Citing a host of reasons, NAR President Charles McMillan said...
April 21, 2009

Texas Realtors Applaud Governor’s Call for Appraisal Reform

Texas Governor Rick Perry is calling for reform to the appraisal process in his state. Said the Governor “I say we give that [appraisal] system a dose of accountability, transparency and restraint.” According to the Texas Task Force on...
January 29, 2009

Heavyweight Fight

In this corner it’s the linchpin of the mortgage transaction, relied on for the most accurate valuation of residential real estate – the appraisal. In the opposite corner is the challenger, known for accurate market values and generally more...
January 16, 2009

Appraisal Associations Lobby for Change

There is an article in the New York Times about the four major appraisal organizations calling on Congress in a letter to reform the appraisal regulatory structure. The letter was written in light of the recent AP article that...
August 21, 2008