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Comment on Financial Reform Implementation
November 7, 2010
It appears that HVCC has created additional problems not intended but otherwise occurring. The appraisal industry is being regulated beyond what is needed. It appears to me that the banking industry calls the shots as this has one of the largest lobby’s in Washington.
Due to the current Government rules and regulations for appraisers, the attrition rate for appraisers is up approximately 50% with no relief seen as the younger generation does not see a future in this profession. It’s almost impossible for an apprentice appraiser to make ‘any’ money with present regulations. Good luck. This appears to be the demise of the real estate appraiser as a profession.
Thanks so much,
|Last Updated 11/19/2010||FinReformComments@fdic.gov|