On March 20, 2018 the Federal Deposit Insurance Corporation (FDIC) approved a final rule that will double the required appraisal threshold for commercial real estate transactions. The Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System are expected to adopt the rule soon. The federal banking agencies Read more
The associates at National Appraisal Review & Consulting Group (NARCG) keep a running blog on our thoughts concerning the commercial real estate market at all levels. Because we are primarily based out of the Dallas/Ft Worth Metroplex, many of our articles deal with local commercial real estate trends, but our topics of discussion also include the national commercial market and anything that may affect the industry as a whole.
The National Association of Realtors (NAR) conducts a quarterly survey of NAR’s commercial members to monitor local economic conditions as reflected through businesses opening or closing. The most recent 2nd quarter 2017 survey was published and results indicate continued positive business creation. Approximately 53% of the survey respondents indicated they had seen an increase in Read more
This list touches on only the most common appraiser errors noted after review of thousands of commercial appraisal reports by the principals of the firm and its highly experienced review associates. Missing or unsigned engagement letter. The engagement letter defines the client, intended use and intended user of the appraisal report along with the requested Read more
In November 2016, representatives of the Appraisal Institute (AI) testified before a subcommittee of the House Financial Services regarding modernizing the US appraisal regulatory structure. The AI believes there are many ways to improve appraisal quality, reduce business costs and address fundamental appraisal issues in an effort to slow the tide of appraisers leaving the Read more