Agencies issue Final Rule to Exempt Residential Real Estate Transactions of $400,000 or Less from Appraisal Requirements| site |
Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
(September 27, 2019) - - Today, the Board of Governors of the Federal Reserve System published the following information:
The Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have adopted a final rule that increases the threshold for residential real estate transactions requiring an appraisal from $250,000 to $400,000.
The appraisal threshold was last changed in 1994. Given price appreciation in residential real estate transactions since that time, the change will provide burden relief without posing a threat to the safety and soundness of financial institutions.
For transactions exempted from the appraisal requirement, the final rule requir...
There are currently 64 users online. 5 members and 59 guests.
Most users ever online was 3,930 at 07:07 PM on 04-20-2019.
3 results in 0.0094 seconds.
-
Agencies issue Final Rule to Exempt Residential Real Estate Transactions of 400,000 Dollars or Less from Appraisal Requirements
-
Federal Trade Commission and Department of Justice to Hold Workshop on Competition in Real Estate Brokerage
Federal Trade Commission and Department of Justice to Hold Workshop on Competition in Real Estate Brokerage
(April 5, 2018) - - The Federal Trade Commission and Department of Justice announced today that they will hold a joint public workshop in Washington, DC on June 5, 2018, to explore competition issues in the residential real estate brokerage industry.
Buying or selling a home is one of the biggest financial transactions most consumers make in their lives, and the residential real estate brokerage industry has seen significant change in recent years, including the emergence of new business models. The workshop will focus on developments since the publication of the FTC and DOJ’s Report on Competition in the Real Estate Brokerage Industry in 2007. Topics to be discussed include:- existing and emerging consumer-facing platforms for accessing listings informat
-
Federal Banking Agencies Issue Final Rule to Exempt Commercial Real Estate Transactions of 500,000 Dollars or Less from Appraisal Requirements
Federal Banking Agencies Issue Final Rule to Exempt Commercial Real Estate Transactions of $500,000 or Less from Appraisal Requirements
Washington, DC - - (April 2, 2018) - - The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency issued a final rule that increases the threshold for commercial real estate transactions requiring an appraisal from $250,000 to $500,000. The agencies originally proposed to raise the threshold, which has been in place since 1994, to $400,000, but determined that a $500,000 threshold will materially reduce regulatory burden and the number of transactions that require an appraisal. The agencies also determined that the increased threshold will not pose a threat to the safety and soundness of financial institutions. The final rule allows a financial institution to use an e...
-
Agencies issue Final Rule to Exempt Residential Real Estate Transactions of $400,000 or Less from Appraisal Requirements| site |
Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency (September 27, 2019) - - Today, the Board of Governors of the Federal Reserve System published the following information: The Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have adopted a final rule that increases the threshold for residential real estate transactions requiring an appraisal from $250,000 to $400,000. The appraisal threshold was last changed in 1994. Given price appreciation in residential real estate transactions since that time, the change will provide burden relief without posing a threat to the safety and soundness of financial institutions. For transactions exempted from the appraisal requirement, the final rule requir...09-27-2019, 08:47 PM -
Federal Trade Commission and Department of Justice to Hold Workshop on Competition in Real Estate Brokerage
(April 5, 2018) - - The Federal Trade Commission and Department of Justice announced today that they will hold a joint public workshop in Washington, DC on June 5, 2018, to explore competition issues in the residential real estate brokerage industry.
Buying or selling a home is one of the biggest financial transactions most consumers make in their lives, and the residential real estate brokerage industry has seen significant change in recent years, including the emergence of new business models. The workshop will focus on developments since the publication of the FTC and DOJ’s Report on Competition in the Real Estate Brokerage Industry in 2007. Topics to be discussed include:- existing and emerging consumer-facing platforms for accessing listings informat
04-10-2018, 03:18 PM -
Federal Banking Agencies Issue Final Rule to Exempt Commercial Real Estate Transactions of $500,000 or Less from Appraisal Requirements
Washington, DC - - (April 2, 2018) - - The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency issued a final rule that increases the threshold for commercial real estate transactions requiring an appraisal from $250,000 to $500,000. The agencies originally proposed to raise the threshold, which has been in place since 1994, to $400,000, but determined that a $500,000 threshold will materially reduce regulatory burden and the number of transactions that require an appraisal. The agencies also determined that the increased threshold will not pose a threat to the safety and soundness of financial institutions. The final rule allows a financial institution to use an e...04-08-2018, 05:35 AM