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:

  1. The use of different valuation methods;
  2. Factors affecting consumer costs for appraisals and appraisal disclosure requirements; and
  3. 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.

 

 

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About icapweb

ICAP was established in 1994 to be a unified voice for Real Estate Appraisers in the State of Illinois

Posted on July 21, 2011, in Government Accounting Office and tagged , . Bookmark the permalink. Leave a comment.

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