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ASA: Regulators raising threshold value unsound
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Monday, December 17, 2018
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Valuation Review continues to examine the proposal by the Federal Deposit Insurance Corp. (FDIC), the Federal Reserve and the Office of the Comptroller of the Currency (OCC) to raise the threshold for residential real estate transactions requiring an appraisal to $400,000.
We reached out to the American Society of Appraisers International President Robert Morrison and appraiser Karen J. Mann for their initial reactions to this proposal.
Read on to find out what we were told.
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