Editor’s Note: A recent online debate about AVMs highlights the many facets of this very important issue and underscores the wide divergence of opinion among appraisers about the place of AVMs in the lending process, and in the marketplace. The conversation was sparked by the story Copyright Appraiser Takes on AVMs. AVM Tango! Man or...…
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Appraisers & Gramm-Leach-Bliley By Pat Butler Most appraisers have heard of Gramm-Leach-Bliley (Privacy Act) but few understand their obligations under the Act. Appraisers have disclosure obligations under Gramm-Leach-Bliley (GBL) when they are hired directly by a consumer to conduct an appraisal. Compliance means disclosing to the client whether any of their nonpublic personal information will...…
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Privacy Laws and Your Real Estate Practice by Darity Wesley Every year a barrage of “Privacy Notices” are sent from credit card and insurance companies, accountants and other businesses that collect information about you. Do you wonder why you receive these notices? They are sent in compliance with a Bill passed by Congress called the…
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