New Housing Bill/FHA Loans

[timd354]

Well if you read the clause as Licensed appraisers should be removed from the roster then Licensed Appraisers should be able to stay on the roster if they are "Certified" by a national appraiser organization.Unless you subscribe to selective interpretations.Just because there seems to be no "Certification" now doesn't mean they won't make one up.Looks like a weasel clause to me...The word "or" is not an "and"....Quick , get a lawyer...then some Beans and Ammo..:new_2gunsfiring_v1:

Greg,

I would agree with that interpretation, as that is what the statute says. The real question which then arises, is what is meant by "Certified by a national appraiser organization." This is where the law is very unclear and the FHA should issue some sort of guidelines defining these terms.

 

[ken351]

I don't think being certified "by a nationally recognized professional appraisal organization" changes much since one must already be "state certified" as just one of many requirements for a designation. At least for designation with AI, ASA, and NAIFA. Tom McClure, Ohio

Yes, but that also means that once you are designated by AI, with AI certified requirement in only one state, then you can appraiser anywhere.

 

[rcsone]

...all states agree to that....?....................rs