Appraiser and Real Estate Agent Interactions

In October, a local real estate agent was disciplined by the Division of Real Estate for interfering in the selection of an appraiser. That agent may also be under investigation by the Consumer Financial Protection Bureau (CFPB) since interference with the selection of an appraiser violates regulations under the Dodd-Frank Act. Fannie Mae’s Appraiser Update Newsletter, September 2023 has an article on page 3 that may help you avoid interfering and landing in hot water!