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04/29/2016
Yes, I Can Accept that Assignment! USPAP Flexibility at a Glance

Some appraisers may not be aware of the inherent flexibility built into the Uniform Standards of Professional Appraisal Practice (USPAP). This factsheet from The Appraisal Foundation provides examples of such flexibility.

Download this factsheet from The Appraisal Foundation



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04/29/2016
The Delicate Dance of a Fair Appraiser | REALTOR® Magazine

Real estate professionals have to keep fair housing practices in mind at all times, but what responsibilities face an appraiser when it comes to these important issues? Learn how choices about particular language or supporting evidence can cause trouble.



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04/29/2016
Voice for Real Estate 43: Scams, Accounting, Appraisals

Read the full transcript for this video.

Week of April 4, 2016

How scammers exploit real estate, and FHA raises appraisal issues

Scammers are stealing the identities of people buying and selling real estate and getting closing funds diverted to them. They do it by hacking into the email of someone involved in the transaction and then mimicking one of the settlement providers. Other stories in The Voice for Real Estate for the week of April 4: why NAR... Read More

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04/29/2016
NAR Comments to Appraiser Qualifications Board

On March 29, 2016, NAR submitted a comment letter to the Appraiser Qualifications Board (AQB) in response to their exposure draft concerning proposed changes to the AQB's Real Property Appraiser Qualification Criteria. NAR re-iterated recommendations made to the AQB by letter in September 2015, in particular the need to re-evaluate the need for a Bachelor’s degree for Certified General and Certified Residential classifications. NAR also recommended the AQB revise the use of the term "Trainee" and the three-year residency requirement for Supervisory Appraisers.

... Read More

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04/29/2016
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.



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04/29/2016
Concerns over FHA Handbook and Appraisals

On March 18, 2016, NAR President Tom Salomone sent a letter to the Department of Housing and Urban Development (HUD) concerning the Federal Housing Administration (FHA) Single Family Housing Policy Handbook. NAR is asking FHA to reconsider language in the Handbook that requires appraisers to take on home inspection type duties, which are adding delay and confusion to the homebuying process. NAR is also asking FHA to re-inforce language stressing the difference between an appraisal and a home inspection in form HUD-92564-CN, For Your Protection: Get a Home Inspection.

... Read More

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04/29/2016
NAR Comments on Appraisal Threshold

On March 11, 2016, NAR President Tom Salomone submitted a comment letter to the Federal Financial Institutions Examination Council’s (FFIEC) Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) review. The letter affirms NAR support of the current appraisal threshold of $250,000 for Federally Related Transactions.

The letter also thanked the federal banking agencies for their March 4, 2016 Interagency Advisory on Use of Evaluations in Real Estate-Related Financial Transactions, which  describes the existing framework for using an evaluation instead of an... Read More

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04/29/2016
NAR Offers New Pricing Strategies Certification, Launches Center for REALTOR® Development

WASHINGTON (January 14, 2016) — To capitalize on growing demand for expert property assessment and increased interest in online learning courses, the National Association of Realtors®  is now offering a Pricing Strategies Advisor certification available entirely online through the new Center for Realtor® Development.

The Pricing Strategy Advisor certification combines a course and webinars to enhance Realtors®' skills in pricing properties, working with appraisers, and understanding, finding and making adjustments to comparable properties.  The course is... Read More

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04/29/2016
Pay Your 2016 Appraisal Dues

Payment is due by January 31, 2016. Payments received after January 31, 2016, will be assessed a late fee of $25 for each appraisal designation you hold.



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04/29/2016
Green Home Features Increase Value and Marketability, Say Realtors®

SAN DIEGO (November 14, 2015) –  Realtors® shared strategies for assessing and conveying the value green features bring to homes during the Real Property Valuation Forum today at the 2015 REALTORS® Conference & Expo.

During the forum, panelists focused on the importance of appraisers and listing and buyers agents not only educating themselves on the issues surrounding environmentally friendly and high-performance home features, but on how to market and emphasize those features to... Read More

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04/29/2016
NAR Letter on Appraiser Qualifications

On September 30, 2015, NAR submitted a letter to the Appraiser Qualifications Board (AQB) in response to a paper the AQB released on the difficulties of attracting new appraisers to the business.  NAR urges the AQB to consider alternatives to fulfilling the residential appraisal experience requirements in order to obtain an appraiser’s license.

NAR Letter to the AQB

... Read More

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04/29/2016
How Green Features Impact Value and Marketability: Real Property Valuation Forum

Discover how to assess and convey the value added by green features; learn about the greening of the MLS; and understand the benefits of sustainable homes. November 14 at 1:30 p.m. during the REALTORS® Conference & Expo. 



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04/29/2016
Dos and Don'ts of Appraiser Communication

David S. Bunton of The Appraisal Foundation explains how agents and brokers can legally and effectively communicate with appraisers. 



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04/29/2016
Frank Gregoire – How To Prepare an Appraisal Package

Video: Appraisers’ roles have evolved, particularly since Dodd-Frank. Agents also must be advocates for the transaction so that a credible appraisal can be performed. Agents can help by preparing an appraisal package. Include MLS and tax roll information, photos and unique aspects about the property. Work together to anticipate and prevent problems during the process. 



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04/29/2016
Board Strengthens Appraiser Qualifications

The Appraiser Qualifications Board (AQB) recently updated the minimum national requirements for becoming a real property appraiser in an effort to continue to advance and attract the best and brightest to the profession. 



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04/29/2016
Appraisal Management Company Not Paying Reasonable Fees, Agency Says

An appraisal management company has agreed to pay a $5,000 administrative fee and adopt a fee schedule after an investigation by the Louisiana Real Estate Appraisal Board.



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04/29/2016
Getting the Word Out About Going Green

The Department of Energy announced yesterday they're partnering with NAR and other organizations to spread the word about the benefit of energy efficiency, so it can be better valued in real estate markets.



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04/29/2016
New Tools, Techniques in Appraisal World

At a forum looking at how technological advancement is changing the world of valuations, experts from the lending, multiple listing services, and real estate worlds discussed frustrations and new developments in the appraisal industry.



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04/29/2016
Final Rule on Appraisal Management Companies

On April 21, 2015, six federal agencies released a joint final rule on minimum requirements for appraisal management companies (AMCs).  NAR supports the agencies' efforts to guide states in registering and supervising AMCs.  NAR commented on aspects of the proposed rule and provided recommendations for calculating appraiser panel membership for registration purposes, how to distinguish between an AMC and appraisal firm, and how the Appraisal Subcommittee could implement standards if a state chooses not to participate.  The final rule is largely the same as the proposed... Read More

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04/29/2016
FHA Electronic Appraisal Delivery

On March 26, 2015, the Federal Housing Administration (FHA) published Mortgagee Letter 2015-08, Electronic Appraisal Delivery (EAD) Portal for FHA-Insured Single Family Mortgages.  This Mortgagee Letter announces FHA’s implementation of its EAD portal, and provides information about the portal and its mandatory use with FHA case numbers assigned on and after June 27, 2016. FHA notes that the EAD portal will offer process and technology efficiencies that streamline appraisal data transmission, promote quality up-front appraisal data, and reduce post-endorsement appraisal data... Read More

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