Appraisers who become involved on key valuation concerns and who get to know local legislators can make a big difference on issues important to their profession.
[Read more…]Appraisal Institute to Pursue Improved Regulatory Climate
The Appraisal Institute’s latest issue of the Valuation magazine discusses key topics that are looming large over the valuation profession, and risks for appraisers who perform assignments in support of federal tax deductions or state tax credits for donated conservation easements.
[Read more…]AI Calls for Bank Regulators to Reject NCUA’s Decision
By Douglas A. Potts, MAI, AI-GRS
As you might have heard, the National Credit Union Administration’s Board of Directors on July 18 quadrupled – from $250,000 to $1 million – the appraisal threshold for nonresidential real estate loans. Of course, increasing the threshold would drastically reduce the number of nonresidential real estate loans requiring an appraisal. [Read more…]
Appraisers Unite Against Increased Threshold Proposal
They’re at it again. But this time you can help stop them – if you act by Feb. 5.
The federal bank regulatory agencies have proposed to increase the residential appraisal threshold level from $250,000 to $400,000, exempting nearly three quarters of residential real estate related financial transactions from appraisal requirements. [Read more…]