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.

ICAP’s Board of Directors discussing FHA’s Single Family Housing Policy Handbook, 4000.1 with Heidi Henning, Managing Director, Business Specialties, at National Association of Realtors.

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