NAR Testifies on USPAP
on November 19, 2019 at 11:53 pm
On October 11, 2019, NAR provided comments on the Appraisal Standards Board’s (ASB) concept paper reforming the evaluation standards in USPAP.
Agencies Increase Residential Appraisal Threshold
on September 27, 2019 at 7:46 pm
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively “the Agencies”) adopted a final rule increasing the threshold for requiring an appraisal in residential real estate transactions from $250,000 to $400,000.
Appraisal Foundation Seeks Comment on Evaluations
on September 6, 2019 at 6:06 pm
The Foundation’s Appraisal Standards Board (ASB) is seeking input on whether USPAP should address standards for evaluations, and if so, how to differentiate that from appraisals.
NCUA Increases Commercial Appraisal Threshold
on July 22, 2019 at 7:31 pm
The National Credit Union Administration (NCUA) Board a final rule increasing the threshold below which appraisals are not required for commercial real estate transactions from $250,000 to $1,000,000.
North Dakota Appraisal Requirement Waiver Decision
on July 11, 2019 at 3:01 pm
The Board of the Appraisal Subcommittee held a public meeting to determine action on a waiver of appraiser credentialing requirements for federally related transactions under $500,000 for 1-to-4 family residential real estate transactions and under $1,000,000 for agricultural and commercial real estate transactions throughout the State of North Dakota for a period of not less than five years.