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C.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 [...] REALTORS® and their clients who encounter unlawful or unprofessional conduct by an appraiser may file a confidential complaint with California’s Office of Real Estate Appraisers (OREA). Since implementation of the Home Valuation Code of Conduct (HVCC) in May 2009, REALTORS® have reported many challenges and difficulties with appraisals, such as low appraisals, inexperienced appraisers, out-of-area appraisers [...] |
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Thursday, April 15th, 2010
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