Author: www.nar.realtor - Appraisal & Valuation

A more streamlined appraisal process won’t materialize until lenders and appraisal management companies understand the critical need for credible, independent data collection.

Allegations of appraisal bias have been widespread in the news in recent years, but few cases have resulted in legal clarity.

The National Association of Realtors® hosted a policy forum on March 16, 2023 entitled The Current Housing Market: Implications for Home Buyers and the Economy at the Capital Hilton in Washington, D.C.

The meticulous work of drafting a new ethics rule will pay off in clarity for our profession and the public.

There’s a misconception that the two sides shouldn’t communicate to avoid potential ethical or legal problems. Two appraisers explain why that’s not true.

Learn about the federal government’s action plan to eliminate bias in the appraisal process and what you can do to contribute to its mission.

Real estate transactions rely on an objective appraisal to determine a home’s market value, but evidence suggests there’s potential for racial bias in the appraisal process. Learn more about the Property Appraisal and Valuation Equity action plan to eliminate racial and ethnic bias in home valuations, and find tips to ensure an impartial appraisal.

Some appraiser-owned companies now send “data collectors” to take video, pictures, and measurements of properties instead of an appraiser. Learn more.

This bill requires the Veterans Administration to review its policies with respect to appraiser eligibility, appraisal waivers, and desktop appraisals with an emphasis on reducing costs to consumers and turn times.

From sales mistakes to making nice with appraisers, find out the top headlines of the year.