Opportunities to Enhance Oversight of an Evolving Industry
The Government Accounting Office (GAO) is required under the Dodd-Frank Legislation to study the various valuation methods, appraiser selection methods, and appraisal delivery methods; in doing so, the GAO examined:
- The use of different valuation methods;
- Factors affecting consumer costs for appraisals and appraisal disclosure requirements; and
- Conflict-of-interest and appraiser selection policies and views on their impact.
Their current report can be accessed by clicking this link. The Committee on Financial Services held a hearing July
13, 2011 associated with the GAO report release. The list of witnesses and a transcript of their testimony can be accessed by clicking this link.