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Senators Say Appraisal Regulator 'Chaos' Risks Undermining Real Estate Markets
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Senators Say Appraisal Regulator 'Chaos' Risks Undermining Real Estate Markets
Disarray at the small federal agency charged with overseeing the appraisal industry is raising alarm among lawmakers about the effectiveness of a critical safeguard of the infrastructure of the nation's real estate market. The Appraisal Subcommittee has been without a permanent director for more than six months, has seen its staff dwindle by 30% and has clawed back grant funding meant to grow a profession undergoing a demographic crisis. Those …
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