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When North Dakota re-applied for a state-wide waiver, the appraisal industry was nearly unanimous in outrage at the audacity of the state to apply for one in the first place because its entire premise was false. Some of the facts brought up by the appraisal industry in opposition that were ignored were: There were more appraisers in the state than there were a decade ago There are plenty of appraisers in the cities Rural appraisers have always been hard to find because the economics make nominally feasible to cover those markets The economics of AMC-gouging of appraiser fees had forced...

On its own, the recent decision to provide a temporary appraisal waiver for the entire state of North Dakota is mind-boggling for a number of reasons and seemed pre-determined: The state has been challenged by the lack of appraisers in rural areas since time began and there are plenty of appraisers in metro areas. The inference is that all states with a lot of rural areas should have to have qualified experts come up with valuations. There is no verifiable appraisal shortage in the state. In most cases the problem is with AMCs and their business model, unable to pay...