The Georgia Real Estate Appraisers Board (GREAB) consists of the following five members:
The Real Estate Commissioner acts as the Board's Chief Executive Officer. This blog will provide comments on current appraisal topics and summaries of the Board's Monthly meetings for interested appraisers and members of the public.
Saturday, November 22 2008
Federal financial regulatory agencies have proposed new interagency appraisal and evaluation guidelines that will affect both residential and commercial real estate appraisers. The proposed guidelines are intended to clarify the agencies' real estate appraisal regulations and promote a safe and sound real estate collateral valuation program.
The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (FRS), Federal Deposit Insurance Corporation (FDIC), Office of Thrift Supervision (OTS), and National Credit Union Administration (NCUA) jointly published the guidelines on November 19, 2008. Interested parties may comment on the guidelines until January 20, 2009.
The guidelines will supersede the 1994 Interagency Appraisal Evaluation Guidelines, and incorporate subsequent revisions. The new rules will also reflect revisions to the Uniform Standards of Professional Appraisal Practice (USPAP) and the evolution of collateral valuation practices such as the use of automated valuation models (AVMs).
Highlights of the proposed changes include: