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 MiCREA Chairman
Summer is winding down in the Great Lakes State. HVCC is near the end of its run - but its progeny will live on forever in dozens of entities, departments, bureaucracies and rules. The things we put up with as appraisers. If you do any facade easement or conservation easement work, you will find the WHITEHOUSE HOTEL LIMITED PARTNERSHIP v. COMMISSIONER OF INTERNAL REVENUE case of interest. Not only does it discuss at length IRS rules, donation requirements, etc., but also gives a glimpse into the court's view of admissibility of an appraisal relative to Daubert and USPAP. Happy reading. Don't forget the upcoming MAR Conference at the Soaring Eagle Resort in Mt. Pleasant. Beth Graham of MiCREA will be presenting a session on Valuing Lakefront Properties.
On July 21st the President signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act. This bill represents a significant overhaul of the regulations regarding America’s financial services sector. Since the beginning of the legislation NAR has work hard on behalf of real estate agents and appraisers to make sure the interests of REALTORS® are protected in this historic reform. Included in the lengthy and complex reform bill are a handful of significant changes for the appraisal industry. Among these changes are a few efforts directly aimed at correcting some of the unintended consequences of the Home Valuation Code of Conduct (HVCC). In particular the legislation requires that appraisers be compensated at a rate that is “reasonable and customary” for appraisal services in the market area of the property being appraised, and a sunset of the HVCC upon new interim regulations by the new Consumer Financial Protection Bureau. More information on the changes included in the Dodd-Frank legislation is available HERE through the National Association of REALTORS®.
Let MAR deal you a winning hand at this year’s Convention & Expo! Being held September 29 – October 1 at the Soaring Eagle Casino & Resort, make this the year to educate yourself on new business practices, with help from nationally recognized speakers, local leaders, and new ideas from the abundance of networking opportunities. All members are eligible for discounted rates, by registering early.
First Time Attendees – Save $40
See why members rave about MAR’s Convention and take advantage of the first time attendee early bird rate and pay only $139* for a full registration.
Returning Attendees – Save $40
Return for another year of useful knowledge sessions, CE opportunities, building referral contacts & more for only $199* for a full registration.
One Day Attendees – Save $30
Great for Central Michigan and nearby area members, register for only $149* for an entire day of knowledge sessions, expo browsing, and fun at the REALTOR® Royale! Visit the MAR Convention Web site for more reasons to attend. From must see keynotes, to special networking events, exquisite hotel & area activities , to companies to connect with, there is something for everyone at this year’s event. Register Today!
*Some restrictions due apply, please visit the MAR Web site for full details.
The NATIONAL ASSOCIATION OF REALTORS® awards two designations: RAA - Residential Accredited Appraiser & GAA - General Accredited Appraiser
The only appraisal designations with the strength and tradition of the REALTOR® name!
Learn more
The Appraisal Insight blog features current and accurate information affecting the Appraisal community. http://appraisalinsight.blogs.realtor.org/
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