At the recent Valuation Expo 2014 in Las Vegas, one of the speakers asked the room of 400+ appraisers, “How many of you have read The Real Estate Appraisal and Evaluation Guidelines?” It was interesting that only a small number of hands were raised. There may have been a few that had read the guidelines and did not raise their hand, but it seemed most had not read the guidance. As real estate professionals, I want to encourage all appraisers to read the Real Estate Appraisal and Evaluation Guidelines published December 2010, click here to read. If you read this document a few years ago, it may be a good time to refresh yourself and read again.
Banks and Credit Unions are expected to adhere to this guidance. As real estate professionals, it is important for you to know and understand the guidance.
Valuation Management Group works with clients to help ensure compliance of The Real Estate Appraisal and Evaluation Guidelines. Should you have any questions, feel free to contact us.
Vicky Thompson is the President and CEO of Valuation Management Group, a national commercial and residential appraisal management and appraisal review company. Thompson founded VMG in 2006. She is a certified residential appraiser and has been appraising since 1994. Valuation Management Group is headquartered in Metro Atlanta and has an office in Birmingham, Alabama. Call Vicky Thompson, 770 380 0799 or Patrick McMillen, COO, 770 380 3849 for information about VMG or questions about appraisal compliance.
Valuation Management Group is a national, full service appraisal management company that manages the appraisal process for community banks, mortgage bankers and credit unions. We take the process from ordinary to extraordinary.