Regulate the Regulations?
Appraisal regulations are like a multi-dimensional board game. Regulations regulate process. Process results affect everyone, including: Quasi-governmental organizations (Fannie/Freddie/App. Foundation) Non-appraiser valuators Homeowners Taxpayers Veterans Lenders Valuation affects everyone. It touches on racial/minority bias, wealth transfer, homelessness, family values, and even mental health. Many aspects of appraisal process still follow the data-context of old history. […]