From the NAR appraisal group…
At this time, the PAVE report has not yet been published. Stay tuned for PAVE report highlights.
"…many things are taking place, seemingly all at once, in the appraisal world. Here is most everything in one email.
We have heard that the PAVE taskforce report will be released Wednesday (tomorrow) – watch for it here: https://pave.hud.gov/home
There will be a US Senate Banking Committee hearing on Appraisal bias and the PAVE report this Thursday, March 24th at 10am ET with PAVE Chair Melody Taylor (also the HUD Fair Housing Director) and Jim Park, Executive Director of the Appraisal Subcommittee titled Strengthening Oversight and Equity in the Appraisal Process:
There will also be a House Financial Services Committee hearing Tuesday, March 29th at 10am ET titled: Devalued, Denied, and Disrespected: How Home Appraisal Bias and Discrimination Are Hurting Homeowners and Communities of Color:
For those interested, there will be a hearing in the Marin County court case on allegations of racial bias in an appraisal there. The hearing is on the motion to dismiss. The hearing is this Friday at 12pm ET/9am PT: https://www.cand.uscourts.gov/judges/chesney-maxine-m-mmc/
Posted by: Byron King on 03/24/22 (This information is only accurate as of 03/24/22. You must contact SCR for updates and changes to this information after 03/24/22 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org)
This information is not legal advice. This information is intended only to provide general information and may not be relied upon as specific legal guidance. Legal counsel should always be consulted before acting in reliance on this information.