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Since 1994, an appraisal is required for any federally-related residential real estate transaction at or above the de minimus threshold of $250,000. Now, 25 years later, the de minimus has finally been raised to $400,000.
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Instead of only providing feedback when something is missing, provide some feedback for an appraiser who has gone out of their way to do work that exceeds expectations.
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It made me wonder whether the complaint process is an effective way to maintain appraisal standards or simply a means for disgruntled unintended users to get revenge.
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“One of the best courses that I have had in 17 years!” -Amy H. Supporting Your Adjustments CE (7 Hrs.) Education designed to help you appraise worry-free and earn higher fees. Appraisal Regulatory Modernization: Idea Whose Time Has Come By Stephen S. Wagner, MAI, SRA, AI-GRS A home purchase is one of the most…
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