Financial Reform touches Appraisers

The financial regulatory reform bill signed yesterday includes reforms on the appraisal front.  Appraisal Institute President Leslie Sellers said the bill is “good news for consumers because they should see more reliable home appraisals.”  Sellers said it encourages the use of experienced real estate appraisers and offers transparency in the payment process to appraisers versus payments to AMCs.

Read more here at the Appraisal Institute Web site.