NAR has suggestions for VA MPRs

[Tiffany Gibbons]

NAR thinks VA needs to get with the GSEs and not require any Minimum Property Requirements.

 

[Tim Hicks (Texas)]

VA's MPRs are not as detailed and HUD's. Did they send a letter to HUD? Undersupply of appraisers? How is that working out now? I have been on the VA panel over 20 years and I have never held up a closing because of turn times. Now, I have had lenders, agents or borrowers delay turn times. They never want to mention that.

 

[Tiffany Gibbons]

VA's MPRs are not as detailed and HUD's. Did they send a letter to HUD? Undersupply of appraisers? How is that working out now? I have been on the VA panel over 20 years and I have never held up a closing because of turn times. Now, I have had lenders, agents or borrowers delay turn times. They never want to mention that.

Exactly. I think VA MPRs are reasonable and nowhere near as detailed as FHA too. and the Veteran can ask VA for a waiver. I've never held any closings up either. VA considers many things cosmetic. Agents just never want to tell sellers they can't have peeling paint, rotten wood, bad roofs. VA (and HUD) don't want first time buyers having to make major repairs in the first year, not to mention active military. When I sold my house, I had to fix all kinds of stuff. Cost of doing business. Most good agents have a good contractor. I don't think VA will pay them any attention. They just want their commission as per usual.

 

[gregb]

NAR should focus attention on the pest AMC's if they are concerned about the appraisal business, and leave VA alone as the remaining uncompromised client for a fee appraiser.

Why Appraisers Say 'We Have Targets on Our Backs'

How professionals are managing the biggest obstacles to the home valuation process.

www.nar.realtor

 

[Non Sequitur]

Writing angry letters, straight out of Team America. It's almost like the NAR doesn't have any other worries right now.

 

[Mark K]

Writing angry letters, straight out of Team America. It's almost like the NAR doesn't have any other worries right now.

They're trying to appear relevant before they have to file bankruptcy.

 

[sputnam]

I hope that they are unable to persuade VA... and, in fact, I think it would be a good idea if conventional lending had similar appraisal standards.

 

[Fritz in NY]

If you really think about it, NAR is going nowhere. There are many new MLS systems out there taking their place.
No more gouging appraisers to keep paying for the data to make their deals work. Competition has come and NAR is over,
it's sad, I've been paying at least $ 900. dues, plus now their Continuing Education, another $ 400+/- a year (no more grandfather clause.
I've paid NAR as a Principle Broker for 38 years. What have they done for me?

 

[sputnam]

If you really think about it, NAR is going nowhere. There are many new MLS systems out there taking their place.
No more gouging appraisers to keep paying for the data to make their deals work. Competition has come and NAR is over,
it's sad, I've been paying at least $ 900. dues, plus now their Continuing Education, another $ 400+/- a year (no more grandfather clause.
I've paid NAR as a Principle Broker for 38 years. What have they done for me?

Unfortunately, I think what will happen is that appraisers who work in areas that are covered by two or more listing systems will have to subscribe to all of them.

 

[Tim Hicks (Texas)]

Unfortunately, I think what will happen is that appraisers who work in areas that are covered by two or more listing systems will have to subscribe to all of them.

DFW at one time had six different MLS systems. Dallas, Fort Worth, Arlington, Northeast Tarrant, Hood county, Collin county and probably more.