Thursday, April 15th, 2010C.A.R. SPONSORED Bill to Regulate AMCs to be Voted on in Assembly Committee
Please share your appraisal stories!
C.A.R. is SPONSORING AB 1796 (Hall), which will clarify that the state Office of Real Estate Appraisers (OREA) has the ability to regulate Appraisal Management Companies (AMCs). C.A.R. is sponsoring AB 1796 because of concerns REALTORS® have raised about the accuracy of appraisals generated by these companies.
AB 1796 will be considered for a vote in the Assembly Business and Professions committee on April 20th. Your legislator is a member of this committee.
Action Item
Several legislators on this committee have informed us that they have not heard from any of their constituents about problems with appraisals, especially those provided by out-of-area appraisers. If you or your clients have a specific story to share about an appraisal provided by an out-of-area AMC, please contact your legislator TODAY!
Call Assembly Member Roger Niello at (916) 319-2005
Ask to speak to your legislator’s Legislative Director. If you can’t speak to the Legislative Director personally, please leave a voice mail.
Continue reading: Red Alert! We Need Your Appraisal Stories!
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