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Louisiana Granted Stay

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Michigan CG

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Staff member
Moderator
Joined
Nov 1, 2006
Professional Status
Certified General Appraiser
State
Michigan

gregb

Elite Member
Joined
Sep 3, 2011
Professional Status
Certified General Appraiser
State
California
Thanks Lanoble-

Louisiana Real Estate Appraisers Board
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LAST UPDATED: JULY 24, 2017
In the Matter of Louisiana Real Estate Appraisers Board
FTC MATTER/FILE NUMBER:
161 0068

DOCKET NUMBER:
9374

ENFORCEMENT TYPE:
Part III Administrative Complaint

CASE SUMMARY
The Federal Trade Commission filed an administrative complaint against the Louisiana Real Estate Appraisers Board, alleging that the group is unreasonably restraining price competition for appraisal services in Louisiana, contrary to federal antitrust law. The complaint alleges that the appraisal board’s regulations exceeded the scope of the mandate outlined in the Dodd-Frank Act that required appraisal management companies to pay “a rate that is customary and reasonable for appraisal services performed in the market area of the property being appraised.” Specifically, the board required appraisal fees to equal or exceed the median fees identified in survey reports commissioned and published by the board. The board then investigated and sanctioned companies that paid fees below the specified levels.

CASE TIMELINE
July 27, 2017
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Unopposed Motion for Extension of Time for Real Estate Valuation Partners, LLC to File a Motion to Quash or Limit Respondent's Subpoena Duces Tecum (1001.38 KB)
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[Proposed] Order Granting Real Estate Valuation Partners' Motion for Extension of Time for to File a Motion to Quash or Limit Respondent's Subpoena Duces Tecum (488.13 KB)
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Notice of Appearance Filed by Counsel for Third Party ClearCapital.com, Inc. (175.33 KB)
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Joint Stipulation and Order to Extend Time for Non-Party ClearCapital.com, Inc. to File a Motion to Quash or Limit (39.94 KB)
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Notice of Appearance Filed by Counsel for Third Party Real Estate Valuation Partners (118.16 KB)
July 26, 2017
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Notice of Appearance Filed by Counsel for Third Party Accurate Group, LLC (169.68 KB)
July 24, 2017
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Complaint Counsel's Opposition To Respondent's Motion To Stay (585.7 KB)
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Notice of Appearance by Counsel Supporting the Complaint (187.4 KB)
July 20, 2017
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Administrative Law Judge's Order Requiring Expedited Response (195.97 KB)
July 18, 2017
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Respondent LREAB’S Motion to Stay Part 3 Administrative Proceedings and Memorandum in Support Thereof (3.04 MB)
July 6, 2017
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Scheduling Order (4.01 MB)
June 22, 2017
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Administrative Law Judge's Order Granting Unopposed Motion and Setting Date for Initial Scheduling Conference (402.94 KB)
June 19, 2017
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Respondent's Answer to the Complaint (153.69 KB)
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Respondent's Motion Regarding Scheduling Conference (79.56 KB)
June 14, 2017
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Notice of Appearance by Counsel for Respondent Louisian (181.13 KB)
June 9, 2017
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Notice of Appearance by Counsel Supporting the Complaint (130.98 KB)
June 8, 2017
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Notice of Appearance by Counsel Supporting the Complaint (129.36 KB)
June 6, 2017
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Notice of Appearance by Counsel Supporting the Complaint (117.47 KB)
 

Michigan CG

Moderator
Staff member
Moderator
Joined
Nov 1, 2006
Professional Status
Certified General Appraiser
State
Michigan
file:///C:/Users/Tim/Downloads/072817-Order-Granting-in-Part-Motion-to-Stay-Part-3-Proceedings.pdf
 

Dumpers14

Member
Joined
Dec 1, 2008
Professional Status
Certified Residential Appraiser
State
Georgia
Just released . LA was granted their stay. Looks like Housing Wire has some really bad intel.
Wait. Housing wire has bad intel? You're just noticing this now? They have bad intel and articles all the time.
 
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