ICAP’s FHA Survey – The Results
The National Association of Realtors (NAR) is reporting that some feel that the recent changes to the FHA’s handbook on appraisals require appraisers to take on home inspection-type duties to ensure standards are met and that consumers can mistake the role of the appraisal for that of an inspection. In response ICAP scheduled a meeting with the NAR to discuss the issue.
To help prepare the Illinois Coalition of Appraisal Professionals (ICAP) for its meeting with the NAR, ICAP prepared a survey for FHA Appraisers.
With over 1,100 respondents, the results of the survey, conclusions and ICAP’s recommendations could be found here.
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To view the results of ICAP’s FHA Survey Click Here