NAR and Representation of Appraisers
As Real Estate Appraisers, we are encountering an assault on our profession from the GSE’s with the hybrid appraisal reports, the rollout of the new desktop product and with appraisal waivers. These junk reports and the waivers continue to undermine the public trust in our industry and leave the appraisers exposed to great risk and the consumers left holding the bag if their mortgage goes south. This impacts not just us, but the Real Estate profession as a whole, because if the public loses trust in the industry, we will all lose, not just the appraisers. As appraisers, we need a national voice to stand up and speak for us. We have the American Guild of Appraisers (AGA), but there are not enough members. Most appraisers are members of their local Real Estate Boards and in turn, members of National Association of REALTORS® (NAR). NAR has a very powerful voice, lobbyists and power because they represent a collective membership and advocate for them. As members of NAR, appraisers should be pressuring their local boards and NAR to stand up for them and to use their legislative connections, lobbyists and national platform to stand up against these products that endanger the public trust and negatively impact the very people that realtors and appraisers have vowed to protect.
Please use your voice and encourage others to reach out to their local boards and to their state and national NAR leadership and demand that they start speaking up and representing us. Most members pay a significant amount of money each year for board membership (I pay $600 a year to belong) and we should expect and demand that NAR start speaking up on our behalf.
NAR has a Real Property Valuation Committee. The RPVC, AGA and our local boards would be a great place to start. We should be using our collective voices with this group to pressure NAR to take a stand. We need to step up and get involved with our local boards, reach out to our local and national NAR group and get involved with the AGA and start fighting for the representation, voice and action. We need to fight for the future of our profession.
By Kathleen Bunting, Certified Residential Appraiser at Bunting Appraisal Services.