Agencies | Governor
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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6/26/19  4:37 am
Commenter: James Purdy, Purdy Appraisal

Bad idea
 

As we all have seen, reducing the quality level of appraisal products will only lead to disaster. AVM's were the talk of the town leading up to the 2008 meltdown. AVM, pressure on appraisers to get more done quickly and hit the number or risk getting your work cut off all lead to a world crippling economic downturn. Let's not do this again, please. 

CommentID: 72725