Good-bye HVCC?

Since the Home Valuation Code of Conduct arrived, REALTOR's have advocated for its repeal. Tucked in the Dodd-Frank Bill (HR 4173) is a clause that, in effect, eliminates HVCC. These provisions will strengthen appraiser independence and enforcement, regulate the use of broker price opinions (“BPOs”), set standards for pricing of appraisals and appraiser valuation model products (“AVMs”), and subject appraisal management companies (“AMCs”) to federal and state oversight.

Posted via email from Andy Nazaroff's posterous