Appraisers Call for More Federal Regulatory Power
September 9th, 2008
Categories:Real Estate News
An article published by the Associated Press and redistributed by MSNBC says appraisers want the government to have more power in regulating the state’s attempt to discipline appraisers. The push is being made largely by the big four appraisal associations, who say states know about appraisers who over valued homes in 2005 and have not properly disciplined them. Currently, the government’s only ability to discipline state’s for not properly supervising appraisers, is so severe it would halt all lending in the state. As a result, the associations want the government to have more options on how to discipline states who do not regulate their appraisers. Here is the full article
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