Appraisal Regulation Under a Microscope - What’s Next?

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Get the latest on new rules & regulations that will affect your appraisal procedures and business! 

A Free (for AI Members) Webinar on Thursday, May 20, 2021 * 10:30am – 12:30pm ET

Never before in the 32 years since the enactment Title XI of FIRREA has so much attention been paid to the regulation of real estate appraisals by policymakers, the public and the media.  Several high-profile investigations have resulted in a barrage of legislative and regulatory activity, while long-term efforts to build upon and modernize appraisal regulation continue. This session will explore several of the many legislative and regulatory issues under in-depth consideration simultaneously at both the federal and state level that could significantly alter the course of the profession for many decades.  

Join metro DC appraisers to hear Bill Garber, Director of Government and External Relations and Scott DiBiasio, Manager of State and Industry Relations for the Appraisal Institute, report on legislative and regulatory proposals affecting the real estate valuation profession, including:

• The Biden Administration and Congress’ intent to address alleged racial disparities in appraisals.
• State legislative and regulatory proposals to prevent valuation bias and discrimination, and the role of state appraiser regulatory agencies.
• Initiatives to attract new entrants to the residential appraisal field, including the joint Appraisal Institute, National Urban League and Fannie Mae Appraiser Diversity Initiative and The Appraisal Foundation’s Veteran’s Resource program. 
• Government Accountability Office review of appraisal threshold levels and temporary waiver requests.
• Efforts by both the Federal Housing Administration (FHA) and Federal Housing Finance Agency (FHFA) to reform and modernize the real estate valuation process, including the way that appraisals are developed, reported, and utilized, and consideration of potential alternatives to appraisals. 
• Continuing efforts to achieve consistency and harmonization amongst the states, particular in relation to the Practical Applications of Real Estate Appraisal (PAREA) and education approval.
• Federal legislation creating an appraiser licensing portal, modifying the FHA appraiser panel, AMC Registry Fees, the makeup of the Appraisal Subcommittee, and the disclosure of appraisal fees to consumers.
• Alleged abuses in the valuation of conservation easement donations and disciplinary actions taken by federal and state regulators.
• Proposals to limit the liability exposure of appraisers by putting a time-limit on the filing of civil lawsuits.

After attending this presentation, you will have a better understanding of relevant local and national legislation, rules and regulations affecting your appraisal businesses and activities.

Chapter Meeting – After the update, AIDC President, John Farrell, MAI will bring us up to date on all things AIDC!

Additional Information

Zoom: The login link will be sent the day before the webinar.

CE Approval: An application for CE approval has been submitted to DC, MD and VA. VA has approved.

Webinar Time: 10:30am - 12:30pm ET(Login to "sign in" at 10:15am)

 

 

National Disclaimer

This Educational Program was developed and organized by the Appraisal Institute Chapter offering the Program with the intent of addressing topic(s) of current local interest solely for educational and informational purposes. The Appraisal Institute national organization was not involved in developing or organizing the Program.

The content of this Program, including but not limited to any written materials and presenter comments, does not represent the viewpoint of the Appraisal Institute (defined as including but not limited to, the national organization, its Regions, Chapters, members, candidates, affiliates and staff) unless formally adopted by the national Board of Directors. Further, the Appraisal Institute has not peer-reviewed or approved the content of the Program and does not warrant the accuracy or timeliness of the content of the Program. The content of the Program is subject to court decisions and local, state and federal laws and regulations and any such revisions of such laws and regulations.

This Program is presented with the understanding that the Appraisal Institute is not engaged in rendering legal, accounting or other professional advice or services. Nothing in the Program is to be construed as the offering of such advice or services. If expert advice or services are required, attendees and readers are responsible for obtaining such advice or services from appropriate professionals.