CSBS Issue Briefings - August 2020

• Tennessee and North Dakota have held outreach sessions to bring together various stakeholders to address appraiser shortages and related issues experienced in their states. • The National Registry of Real Estate Appraisers does not reflect the availability or willingness of local appraisers to work in underserved markets. • The barriers to entry for new entrants into the profession need to be addressed – the education and apprenticeship requirements should be re-evaluated given widespread changes in the market (included automated valuation methods that are supplanting the use of residential appraisers).

SME Contact: Daniel Berkland, Director, Supervisory Processes: (202) 559-1987 or DBerkland@csbs.org

Date Updated: 9/8/2020

FOR STATE REGULATOR USE ONLY