West Virginia, you might have a mortgage lending crisis in your future — not caused by mortgage defaults but rather by pending legislation to repeal the state’s current appraiser and appraisal management company (AMC) laws. “Federally related” mortgage lending could Read more…
I had the pleasure to do an impromptu interview of the CEO/founder of one favorite clients about the subject of non-USPAP evaluations. Deb Clark, MAI is the CEO/founder of Eval.com. What she’s done is crack the code on how appraiser-owned appraisal Read more…
California’s AB 5 – the anti-independent contractor law – was “overturned” for appraisers by a new exemption created under the fix-it bill AB 2257. It went into effect last September, but . . . the problem is that many appraisers and Read more…
I am offering my 7-hour CE class Hot Topics and Myths in Appraiser Liability live via Zoom on March 11, 2021, 9:00 am to 4:00 pm (AK). The offering of this class is specifically and only for Alaska appraisers. I’ve enjoyed teaching prior classes in both Read more…
If you’re a California, Idaho, Oregon or Washington appraiser, please join me and my special guest former California BREA Chief Jim Martin for a presentation of a new appraiser CE class: Six Recent Appraiser Lawsuits (and the Lessons from Each). Approved Read more…
The Louisiana Real Estate Appraisers Board (LREAB) has followed through on its previously signaled plan to file an appeal with the U.S. Supreme Court of a key Federal Trade Commission (FTC) determination against it in the FTC’s price-fixing case. On Read more…
How do deals come together for the sale of appraisal firms and appraisal management companies? Many of the biggest deals have resulted from the work of my investment banking friends John Guzzo and Jason White at the firm Berkery, Noyes & Co., LLC. So, it Read more…
The New Jersey assembly member who introduced an appraisal anti-discrimination bill last week has introduced a second bill with more detailed requirements to be imposed on appraisers, appraisal management companies (AMCs) and real estate agents/brokers – including a requirement that Read more…
Update: A new bill (A-5185) has been introduced in NJ on this same subject with more detailed requirements. A new article has been posted here. New Jersey has become the second state in which legislation has been introduced this year Read more…
Update: On December 18, 2020, the Supreme Court denied LREAB’s request for a stay of the FTC’s action underlying the potential appeal — this means that, even while LREAB pursues a potential appeal to the Supreme Court, the FTC case Read more…