In the wake of the GAO study, stake holders, including several appraisal organizations, have submitted comments to Congress. A joint letter from American Society of Appraisers, American Society of Farm Managers and Rural Appraisers, Appraisal Institute and National Association of Realtors writes: “With a patchwork of state laws and ineffective federal oversight allowing for only…
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Editor’s Note: Support the in-depth and balanced reporting that your important industry deserves with a paid subscription to Working RE. Subscribe today ($30 annual) to guarantee delivery of Working RE and receive hundreds of dollars in discounts on education and other services! Special Edition: Appraisal Industry: A House Divided? AARO Mud fight, Run Away State...…
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A move is underfoot to change the appraisal regulatory system. The first shot across the bow was fired by the Georgia Board, which is calling for the elimination of the Appraisal Subcommittee (ASC), among other things, and a shift from federal control to the states. Two respected appraisers, Frank Gregoire and George Hatch, take a…
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Bye, Bye ASC? Appraisal Subcommittee Under Fire Is it Time to Start Over? You may already know that late last year the Georgia Appraisal Board, in a letter to Sen. Zell Miller, (D-Ga.), called for broad changes to the appraisal regulatory structure, including sun setting the Appraisal Subcommittee (ASC). What you may not know is...…
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