NEW!! A MUST READ: FOUND WITHIN THE Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) are provisions that will strengthen appraiser independence and enforcement, regulate the use of broker price opinions (“BPOs”), set standards for pricing of appraisals and appraiser valuation model products (“AVMs”), and subject appraisal management companies (“AMCs”) to potential federal and state oversight. Read the article here.
NEW!! H.R. 4173 Subtitle F Appraisal Activities: Full text of signed legislation [PDF]