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NAR Releases Assertion After White Home Unveils Motion Plan to Tackle Appraisal Bias

WASHINGTON (March 23, 2022) – Nationwide Affiliation of Realtors® President Leslie Rouda Smith issued the next assertion at the moment after the White Home Home Coverage Council (DPC) and the Division of Housing and City Improvement (HUD) launched their Motion Plan to handle appraisal bias and the house appraisal course of:

“REALTORS® are dedicated to upholding truthful housing legal guidelines in all actual property actions, together with value determinations,” mentioned Leslie Rouda Smith, President of the Nationwide Affiliation of REALTORS®. “We’re pleased with the half we performed on this report, together with assembly with the PAVE Activity Power to suggest options on how the Biden Administration, REALTORS®, and the broader appraisal trade can work collectively to handle considerations and enhance public belief within the appraisal career with out undermining the soundness of the market. Traditionally, many teams have confronted unfair residence undervaluation.  Addressing these wrongs is essential to offering monetary stability to not solely owners, however complete communities, and advantages the nation as an entire.”

The Nationwide Affiliation of Realtors® is America’s largest commerce affiliation, representing greater than 1.5 million members concerned in all points of the residential and industrial actual property industries.

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