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Virginia Regulatory Town Hall
Agency
Department of Professional and Occupational Regulation
Guidance Document Change: Providing guidance to real estate appraisers and AMCs on the use of hybrid appraisals
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6/24/19  12:34 pm
Commenter: Greg Crispin

Hybrid Appraisals are not the answer
 

Hybrid Appraisals or Bifurcated Appraisal products are a disaster waiting to happen.  Unqualified, unlicensed inspectors who have no appraisal experience or education are performing these products with little to no knowledge of what the appraiser is looking for. Do these inspectors know how to properly sketch a home?  Look for external market influences?  Functional obsolescence? It’s highly unlikely.  An appraiser needs to see a property for him or herself to determine a value.  This appraisal product is terrible for the public.

CommentID: 72671