Real Estate Appraiser Board - Appraisers Blogs https://appraisersblogs.com/tag/real-estate-appraiser-board/ Appraisal News and Tips for Real Estate Appraisers Mon, 17 Aug 2026 03:29:10 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 https://i0.wp.com/appraisersblogs.com/wp-content/uploads/2015/04/ABfavicon.png?fit=32%2C32&ssl=1 Real Estate Appraiser Board - Appraisers Blogs https://appraisersblogs.com/tag/real-estate-appraiser-board/ 32 32 52046035 The Board Has Spoken, and AMCs Should Pay Attention https://appraisersblogs.com/the-board-has-spoken-n-amcs-should-pay-attention/ https://appraisersblogs.com/the-board-has-spoken-n-amcs-should-pay-attention/#comments Mon, 06 Jul 2026 12:30:02 +0000 https://appraisersblogs.com/?p=33488 The Board handled this case with the same patience appraisers have when an AMC sends “preferred comps” from another planet.  Virginia’s Real Estate Appraiser Board delivered a message at its June meeting that was impossible to miss. An attorney appeared on behalf of Financial Asset Services and Brandon Sison, asking the Board to reconsider the discipline handed down in March. The request arrived without the AMC or Sison themselves, which already set an interesting tone. When you ask a regulatory board to undo a suspension, showing up in person is usually a good start. The March decision was clear. The...

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]]> https://appraisersblogs.com/the-board-has-spoken-n-amcs-should-pay-attention/feed/ 16 33488 It’s Just Responsible Journalism! https://appraisersblogs.com/setting-the-record-straight-n-responsible-journalism/ https://appraisersblogs.com/setting-the-record-straight-n-responsible-journalism/#comments Wed, 21 Feb 2024 13:30:14 +0000 https://appraisersblogs.com/?p=30398 Not reporting complete and accurate information is nothing more than irresponsible journalism!  The local television station WWBT, NBC 12 in the Richmond market is airing a story on Thursday February 22 during the 6 pm News Broadcast, about racial bias in real estate appraisals. We know this is not a new topic and previous stories that have aired have been extremely one sided and not from the appraiser’s perspective. VaCAP was not contacted for information, nor were any appraisers that we know. We have seen the negative impact this type of story has on our profession and we need your...

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]]> https://appraisersblogs.com/setting-the-record-straight-n-responsible-journalism/feed/ 49 30398 Limitations for Damages Against Appraisers https://appraisersblogs.com/limitations-4-damages-against-appraisers/ https://appraisersblogs.com/limitations-4-damages-against-appraisers/#comments Tue, 09 Jan 2024 13:30:33 +0000 https://appraisersblogs.com/?p=30183 Why would any damages against an appraiser be more than the actual fee paid to the appraiser?  House Bill 53 has been introduced into the 2024 Virginia General Assembly, directly impacting Virginia Real Estate Appraisers. The legislation introduced by R. Lee Ware places a statute of limitations for damages against appraisers and appraisal management companies at 5 years. SUMMARY AS INTRODUCED: Actions against real estate appraisers or appraisal management companies; statute of limitations. Provides that no action for damages or other relief alleging that a certified general real estate appraiser, a certified residential real estate appraiser, a licensed residential real...

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]]> https://appraisersblogs.com/limitations-4-damages-against-appraisers/feed/ 1 30183 Fannie Mae Filed a Complaint Against Me https://appraisersblogs.com/fannie-mae-filed-a-complaint-against-me/ https://appraisersblogs.com/fannie-mae-filed-a-complaint-against-me/#comments Wed, 18 Oct 2023 12:30:39 +0000 https://appraisersblogs.com/?p=30011 An appraiser shared the following with us which was posted on one of the appraisers’ groups. Fannie Mae filed a complaint against me with my state appraisal board. Here’s what happened. The Report In June of 2021, I completed an appraisal for a conventional purchase. The appraisal was ordered by an AMC on behalf of a lender. At that time, the real estate market was still being wildly affected by the COVID pandemic. Remote work was in full swing, and consumers were desperately seeking to get out of the cities. Prices for all types of residential properties were rising rapidly,...

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]]> https://appraisersblogs.com/fannie-mae-filed-a-complaint-against-me/feed/ 39 30011 Why is Only One Side of This Story Being Told? https://appraisersblogs.com/why-is-only-one-side-of-the-racism-claim-appraisal-story-being-reported https://appraisersblogs.com/why-is-only-one-side-of-the-racism-claim-appraisal-story-being-reported#comments Tue, 20 Oct 2020 12:30:03 +0000 https://appraisersblogs.com/?p=24532 There are always two sides to every story; however, understanding is a three-edged sword: your side, their side, and the truth in the middle. Recently there has been a wave of news stories about racism in the appraisal profession brought on by a couple in Jacksonville, Florida. That couple, Abena Horton, a black woman, and her husband Alex Horton, a white male, made claims that an appraiser who first appraised their home came in low on the appraisal due to her race. You can read one of the numerous stories here. Before anyone here accuses me of being racist etc.,...

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]]> https://appraisersblogs.com/why-is-only-one-side-of-the-racism-claim-appraisal-story-being-reported/feed/ 261 24532 Disciplinary Cases Against Hybrid Appraisers https://appraisersblogs.com/state-appraisal-board-disciplinary-cases-against-hybrid-appraisers https://appraisersblogs.com/state-appraisal-board-disciplinary-cases-against-hybrid-appraisers#comments Fri, 07 Feb 2020 13:30:27 +0000 https://appraisersblogs.com/?p=23493 Rumor has it there are several Virginia Real Estate State Appraisal Board disciplinary cases against appraisers revolving around hybrid appraisals… Some are for and some are opposed. It is a business decision on which types of assignments you choose to accept. If you choose to complete a hybrid or bifurcated appraisal, you need to pay attention and ask yourself a few questions. Is the fee I am receiving for completing this assignment reasonable for the scope of work I must perform? Notice the term customary was not used as these products are new and there is no customary fee YET....

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]]> https://appraisersblogs.com/state-appraisal-board-disciplinary-cases-against-hybrid-appraisers/feed/ 13 23493 Hybrids vs USPAP Scope of Work Rule https://appraisersblogs.com/bifurcated-appraisal-vs-uspap-scope-of-work-rule-sow https://appraisersblogs.com/bifurcated-appraisal-vs-uspap-scope-of-work-rule-sow#comments Mon, 05 Aug 2019 12:30:13 +0000 https://appraisersblogs.com/?p=22485 Supporters of the bifurcated appraisal can claim scope of work till they are blue in the face… Appraisal Buzz published an article written by Joshua Walit on July 31, 2019 titled Nothing New Under the Sun: The Varied Face of Appraisal. The article brings up some good points, however; it does not take into account the reality of the market and the control of the lenders and appraisal management companies in the process. The mere fact that the appraiser does not have control over the person completing the inspection and in most cases, no way to even know who is providing the...

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]]> https://appraisersblogs.com/bifurcated-appraisal-vs-uspap-scope-of-work-rule-sow/feed/ 50 22485 Are Bifurcated Appraisals Legal in Your State? https://appraisersblogs.com/questionable-bifurcated-hybrid-appraisals https://appraisersblogs.com/questionable-bifurcated-hybrid-appraisals#comments Mon, 09 Jul 2018 12:30:47 +0000 https://appraisersblogs.com/?p=18387 Lately there has been a push for bifurcated (hybrid) appraisal products. Those promoting these questionable products claim it will reduce the amount of time to obtain an appraisal. Most appraisers are screaming foul play, and for good reason. It is because of bad players doing questionable things that licensing became mandatory in Virginia. Mandatory. Licensing of appraisers protects the public trust. We all know splitting the process will not save time, but rather create delays. The only reason for this questionable product is the profit of the amc, nothing more. And then there is the quality of the information being...

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  • Liability Risks of Hybrid Appraisals "Hybrid Appraisals" - Speaking about the Liability Risks to Appraisers and Others at The Appraisal Foundation's Joint Council Meeting "Hybrid…
  • $50 to $100 Hybrids? Here’s the sales pitch being sent to appraisers: MCSV is currently offering a distinct hybrid product to our clients that…
  • 100% Liability for Information Relied Upon ...courts have ruled if the information is included in the report and relied upon, the appraiser is responsible for the…

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]]> https://appraisersblogs.com/questionable-bifurcated-hybrid-appraisals/feed/ 95 18387 Where is all the Mortgage Work? https://appraisersblogs.com/mortgage-work-appraisal https://appraisersblogs.com/mortgage-work-appraisal#comments Fri, 19 Feb 2016 13:30:12 +0000 https://appraisersblogs.com/?p=10930 We should be busting with mortgage work. Where is all the mortgage work? I talk to appraisers and they all ask the same question. With the looming spring market and low interest rates, we should be busting with mortgage work. But the appraisers I know tend to get a reasonable and customary fee of above $400. So is it going to the bottom third? Now don’t get me wrong; I am quoting 2 to 3 weeks due to our back log. But outside of VA’s it’s everything but first mortgage work. I am fine with it because it’s less hassle....

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]]> https://appraisersblogs.com/mortgage-work-appraisal/feed/ 14 10930 VaCap Speaking out Regarding C&R Fees https://appraisersblogs.com/appraisal/vacap-speaking-out-regarding-cr-fees/ https://appraisersblogs.com/appraisal/vacap-speaking-out-regarding-cr-fees/#comments Fri, 13 Nov 2015 13:30:20 +0000 https://appraisersblogs.com/?p=9328 CUSTOMARY AND REASONABLE FEES When Dodd Frank was passed a few years ago there was much discussion as to what it actually meant to lenders, appraisers, and AMCs. AMCs were quick and forceful in their definition. It was the fee they could coerce an appraiser into accepting. That was their definition. This has been a big impact on the well-being of an honorable profession. In June the Federal Final Rules were released, and they took effect in September of this year. These Final Rules clarified many questions regarding lending, appraising, and AMC involvement.   First, the Feds have made it very clear that lenders...

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]]> https://appraisersblogs.com/appraisal/vacap-speaking-out-regarding-cr-fees/feed/ 8 9328 Appraisers Participation Needed – Tackling BPO & CU Issues https://appraisersblogs.com/appraisal/appraisers-participation-needed-tackling-bpo-cu-issues/ https://appraisersblogs.com/appraisal/appraisers-participation-needed-tackling-bpo-cu-issues/#comments Mon, 22 Jun 2015 12:30:07 +0000 https://appraisersblogs.com/?p=8063 The appraisal industry was blindsided once again only this time by the AG’s office when they determined that the Real Estate Appraiser Board cannot regulate BPO’s. The New Mexico Appraiser’s Coalition and the Rio Grande Chapter of the Appraisal Institute sent a joint letter to the Appraisal Board prior to a hearing that was held in January to discuss the BPO language in the Appraiser Act. Although we feel we provided enough information to guide the Board, the Attorney General Representative at the meeting made the determination that the Appraisal Board had no jurisdiction over the BPO product. Even though...

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