Appraisal Boards, Reviews and Random Assignments

August 19, 2009 9:49am by Barry Ritholtz

I have long been a critic of the current Appraisal system. There can be no doubt as to the corrosive and corrupting influence of Real Estate Agents and Mortgage Brokers on the process.

As noted earlier (Home Appraisal Reform: WSJ vs NYT) the changes effected by Fannie Mae in settlement with Andrew Cuomo are prompting a fresh look at the issue.

Query: What experience do people have with State Appraisal Boards? It seems some states actually randomly assign appraisers, while others merely license and oversee them. For any local readers, what is the differences between the way things are run in states such as Nebraska, Texas, Arizona, Louisiana and Oregon?

Anyone with experience care to comment on these?

See also:
Alabama Real Estate Appraisers Board
http://reab.state.al.us/

North Carolina Appraisers Board
http://www.ncappraisalboard.org/

Georgia Appraisers Board

Newsletters

New Jersey Consumer Affairs
http://www.njconsumeraffairs.gov/real/

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