Michelle Bradley, chair of PAR’s AMC Task Force, said the primary component of the bill would require every AMC to be registered with the State Board of Certified Real Estate Appraisers.
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Michelle Bradley, chair of PAR’s AMC Task Force, said the primary component of the bill would require every AMC to be registered with the State Board of Certified Real Estate Appraisers.
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Many REALTORS® think HVCC only affects appraisers but that’s not the case, according to Michelle Czekalski Bradley, PA Certified General Appraiser with Czekalski Real Estate Appraisal. HVCC has an effect on everyone industry-wide including REALTORS® because they’re part of the transaction.
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This web site, scheduled to launch in November, is in response to the HVCC and will be used until the Independent Valuation Protection Institute (IVPI) can be established.
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The Home Valuation Code of Conduct (HVCC) is not going away, according to Jerome M. Nagy, the National Association of REALTORS®’ (NAR) senior regulatory policy representative.
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It appears that regulations designed to protect consumers may actually be helping to raise costs and delay closings.
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NAR is taking a close look at a new standard adopted by Fannie Mae/Freddie Mac that establishes standards for the solicitation, selection and compensation of appraisers. The Home Valuation Code of Conduct (HVCC), effective May 1, 2009, affects REALTORS®, appraisers, lenders, mortgage brokers and consumers and extends only to mortgages that are GSE-owned or...
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Wednesday, Feb. 8, 2012
