You’ll find below: New Required BREA Class“Elimination of Bias and Developing Cultural Competency“April 18, 2024, 10am to 1pm Pacific – $70 3 California CE Hours (Approved in California only)Live on ZoomBREA Course Approval No. 2310722004 (Provider: Valuation Education) Fulfills BREA requirement for 2 hours of Elimination of Bias and 1 hour of Cultural CompetencyI will Read more…
Connolly and Mott v. Lanham, 20/20 Valuations, and loanDepot.com, U.S. District Court, Maryland. This is one of the appraisal discrimination cases that has received significant attention – among appraisers, the media and government agencies. A Black couple in Baltimore – Dr. Connolly and Dr. Mott, both university professors – filed Read more…
Efforts to regulate the provision and use of “property data collectors” in connection with appraisals are being made in some states. In Mississippi, a bill was introduced last month that would have required the state’s appraiser board to license and regulate the field of property data collectors. Under the bill Read more…
Registration: Webinar Link. I’m hosting a free webinar with Eval.com and its CEO Deb Clark, MAI about “Solving the Mystery of Evaluations.” Eval.com is a national provider of evaluations – and I serve on its corporate board. In this 30-minute webinar, we’ll solve some mysteries and give real-world information about Read more…
On October 7, I presented a 4-hour class entitled “Appraisal Discrimination Investigation Training” to state appraiser regulators (board members, administrators and counsel) at the Association of Appraiser Regulatory Officials (AARO) meeting in Salt Lake City. My goal was to offer guidance as specifically relevant to investigating alleged appraisal discrimination as Read more…
Updated to reflect new “guidance” from the Appraisal Subcommittee on September 27, 2023. What if a state dropped its appraisal management company law and no longer regulated AMCs? That’s exactly what’s happened in Hawaii – maybe by accident. The state has a regulatory “sunset law” (Hawaii Revised Statutes section 26H-4), Read more…
How many discrimination cases have been filed against appraisers? What’s really happening in the courts and in investigations with respect to alleged bias? Those are questions I cover in my presentations and classes for appraisers. But, I will tell you here that the most significant pending case about alleged appraisal Read more…
When a mortgage lender seeks to make a Veterans Administration-backed home loan, the lender requests an appraisal from the VA’s appraiser panel by using a form entitled Request for Determination of Reasonable Value. For many years, until it was revised in July 2022, this form had a box labelled “Refinancing-Amount Read more…
Under California appraiser law, does an appraiser have to use an engagement letter for each appraisal assignment? The answer is “no.” A California appraiser is not obligated to use an engagement letter or other agreement for any kind of assignment (lending or non-lending) under the Real Estate Appraisers’ Licensing and Certification Law or any Read more…
Appraisal management companies (AMCs) and appraisal firms with independent contractors in Michigan: it would be wise to pay attention to Michigan House Bills 4390 and 4391. These bills seek to bring California’s famous “ABC test” to contractor classification in Michigan and would create substantial penalties for noncompliance. In particular, HB4390 Read more…