Are new industry policies surrounding appraisers helping or hurting the industry?
Fannie Mae released its first selling guide updates for 2017, clarifying its rules around property inspections by appraiser trainees.
According to the guide, Fannie Mae clarified its “existing policy that allows an unlicensed or uncertified appraiser, or an appraiser trainee to complete the property inspection. When the unlicensed or uncertified appraiser or appraiser trainee completes the property inspection, the supervisory appraiser is not required to also inspect the property.”
Is this something that will help address the appraiser shortage, get fees back in line and get new blood into the appraisal industry? Or will it open the flood gates to poor valuations throughout real estate sales?
Attend to learn:
- What’s next for the appraisal industry in 2017?
- Will technology replace appraisers one day soon?
- How fair and reasonable are AMC fees?
- What is being done to encourage new faces to enter appraisal markets?