Appraisal Fees Back in the Spot Light
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FTC vs LREAB Update
The Supreme Court has denied the Louisiana Real Estate Appraisers Board’s petition to intervene in the administrative case for price fixing by the FTC. The FTC trial is scheduled to proceed on April 20, 2021. VaCAP is closely following this case and will update you as it proceeds. To view all the activity for this case, go to the FTC’s webpage here.
Working RE Appraisal Survey
Let your voice be heard on what is customary and reasonable fees for your services. Working RE is conducting the annual fee survey. We have been asked to help distribute the link. VaCAP encourages all appraisers to complete the survey. Take the survey here.
FHFA Request for Information Comments Available Online
A few weeks ago we asked you to provide comments to FHFA concerning there questions on modernization. 164 comments were received from a variety of sources, and the comments are available to the public and provide an interesting read. See the comments here.