It looks like FHA is back on the menu boys

[JTip]

Not sure why a license appraiser option even exists, moreover, I always thought a singular Real Estate Certification should cover everything as competency rules the scope.

 

[Bobby Bucks]

Half my refis and sales assignments are FHA. The refis appear to be the final equity squeeze. I wonder if putting one's CHUMS number in a 3.6 report will have a monkey wrench effect on the system?...asking for a friend.

 

[Carnivore]

Does not surprise me that FHA is is back. WHY because you all know FHA is sensitive to wear and tear and mechanicals have to work peeling paint aka bare wood , missing handrails etc

 

[LesPaul59]

Does this mean you only have to be licensed in one state and can work in other states as well?

“(A) be certified or licensed by the State in which the property to be appraised is located, except that an appraiser who has as their primary duty conducting appraisal-related activities and who chooses to become a State-licensed or certified real estate appraiser need only to be licensed or certified in 1 State or territory to perform appraisals on mortgages insured by the Federal Housing Administration in all States and territories;

 

[TerryRohrer]

Does this mean you only have to be licensed in one state and can work in other states as well?

“(A) be certified or licensed by the State in which the property to be appraised is located, except that an appraiser who has as their primary duty conducting appraisal-related activities and who chooses to become a State-licensed or certified real estate appraiser need only to be licensed or certified in 1 State or territory to perform appraisals on mortgages insured by the Federal Housing Administration in all States and territories;

I don't think an obscure HUD regulation will remove the authority of states to regulate appraisers within their jurisdictions.

 

[LesPaul59]

I don't think an obscure HUD regulation will remove the authority of states to regulate appraisers within their jurisdictions.

I don't either. That's why that line confused me.

 

[Doug Wegener]

If it is a legislative regulation then it has the force of law. Federal law trumps state law. There are different types of Federal regulations and it has been long time since I researched the matter. IF it is a legislative regulation then you should be able to perform a FHA appraisal in any state..

 

[Zoe]

They need to bring back the VC sheet in some iteration. Too much ambiguity in the current 4000.1

And their fee panel too. I am old. You have to be old to even remember the fee panel. The fee panel pretty much regulated fees in some regards.

The FHA fee was what appraisers referred to or looked to or whatever you want to call it. Appraisers could negotiate on their fee but they looked to their fee.

If you got on FHA fee panel, you were happy.

 

[Tom D]

Yes you were happy. You also had to take a test to get on it. And you got a grade on every report. Heard, the more repairs the better your score. And their fee was always good.

 

[Bobby Bucks]

I wonder if the FHA geezers who are reminiscing have CHUMS numbers.