Appraisers Form New Group
The Appraisers Common Cause, a nonprofit association, has been formed in response to a movement within and outside the appraisal industry to regulate appraisers.
The group consists of appraisers who either belong to one of the various appraisal groups or who are independent and not members of any association. Only about 25% of all appraisers belong to one of more than 15 major appraisal associations in the United States.
The need to establish the Appraisers Common Cause arose when Congress held hearings on the regulation and licensing of appraisers, according to John E. Steensland, approved FHA (Federal Housing Administration) appraiser and board member.
Robert G. Johnson, executive director of the National Assn. of Review Appraisers and Mortgage Underwriters and also a member of the ACC board said that “the ACC does not support any federal legislation regarding the regulation of appraisers as there are too many differences among the 50 states.”
Information on the ACC may be obtained from the organization at P. O. Box 5798, Scottsdale, Ariz. 85261.
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