Appraisal

Resources for Agents

Automated Valuation Models (AVMs): FAQs for Agents – Frequently Asked Questions of the National Association of REALTORS® that will help you provide guidance to your clients about the valuation process, including a downloadable tri-fold brochure.

Residential Appraisal Process – FAQs for Agents – Frequently asked questions of the National Association of… Read More

Frequently asked questions of the National Association of REALTORS® that will help you provide guidance to your clients about the appraisal process.

Topics include appraiser geographic competency, appraiser independence, and the ineffectiveness of the appraisal appeals processes.

On March 24, 2014, six federal agencies issued a joint proposed rule to implement minimum requirements for state registration and supervision of appraisal management companies (AMCs). States will not be required to establish an AMC registration and supervision program, and there is no penalty imposed on a state that does not establish a regulatory structure for AMCs; however, an AMC will not be able to provide appraisal management services for federally related transactions in states that have not established a ...

In January 2014, the Consumer Financial Protection Bureau (CFPB) implemented its final rule requiring creditors to provide applicants free copies of all appraisals and other written valuations developed in connection with an application for a loan to be secured by a first lien on a dwelling.  The rule amended Regulation B, which implements the Equal Credit Opportunity Act, to comply with the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).  Prior to the new rule, creditors would provide ...

NAR has added a new resource on the REALTOR.org/appraisal page called “Appraisal Tools.”  The Appraisal Tools page provides links to educational resources for real estate agents who want to educate clients about the appraisal process.  Links include NAR’s new Frequently Asked Questions brochure about appraisals as well as three publications from the Appraisal Foundation including common myths about the appraisal process.  The “Tools” page also has links to Seller and Servicer Guides from Fannie Mae and… Read ...

WASHINGTON (May 7, 2014) – Finding and selling green homes is about to get easier for buyers and sellers with the National Association of Realtors®’ new Green MLS Implementation Guide, a comprehensive guide for helping multiple listing services promote the special features of a green home.

“The demand for green is growing; NAR’s research consistently shows that today’s consumers want homes and communities that are environmentally sustainable… Read More

Industry professionals must fully understand the role of AMCs today in order to make an accurate assessment of recently proposed rules.

WASHINGTON (May 16, 2014) – The Department of Veterans Affairs is taking steps to improve services for active and former military service members who are ready to buy a home, said officials from the VA Home Loan Guaranty program yesterday at an agency briefing for Realtors® during the Realtor® Party Convention & Trade Expo.

The VA Home Loan Guaranty program has guaranteed more than 20 million mortgages to American veterans, with a total loan volume of over one trillion dollars. ...