![]() Please read our Appraiser Independence Page and our Responsible Valuation Property Policy for our complete stance. The National Association of REALTORS® also supports appraiser independence. We also highly recommend the use of RPR, The REALTORS® Property Resource®. REALTORS® can access a variety of appraisal education as well as receive two appraisal related designations, General Accredited Appraiser (GAA) and Residential Accredited Appraiser (RAA). NAR Provides members with a great deal of appraisal resources. Property Appraisal Resources for REALTORS® The Biden Administration recently released the PAVE (Property Appraisal and Evaluation Action Plan) in order to target this deep-rooted discrimination. Unfortunately, there have been numerous appraisals in which a Black homeowner gets a much lower appraisal than when the appraiser thinks the home is owned by a white homeowner. In the past few years, much light has been shed on discriminatory appraisals. Property Appraisal and Evaluation Action Plan There are different methods to valuing a home, and the value of the home is often not the same as the price or cost. #Property evaluator pro professionalA professional appraiser will use the home inspection and current housing market to provide an appraised value, which is very important to the home loan process. NAR Policy on Appraisals What is a Property Appraisal?Īppraisal and valuation are extremely important steps in any home buying and/or selling transaction. NAR supports exploring ways to bring more appraisal professionals to the field. Another critical issue impacting appraisals is appraiser shortages, which may result from stringent educational requirements and over-regulation.Over the past few years, there has been a rise in allegations of discriminatory appraisals, which led to the release of the PAVE (Property Appraisal and Evaluation Action Plan) by the Biden Administration.The National Association of REALTORS® encourages independent, credible valuations, recognizing them as an essential component of the real estate industry. ![]()
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