Simply Stated - All Things Finance
Why the Financial System Needs Appraisers
May 18, 2021
Conference of State Bank Supervisors (CSBS)
Jim Park, Executive Director, Appraisal Subcommittee
Greg Gonzales, Commissioner, Tennessee Department of Financial Institutions
Today, we discuss what appraisers do, why they matter, what it takes to become an appraiser and the challenges and opportunities facing the industry today.
Why do some loan sales need an appraisal?
Are there any other types of properties that regularly get appraisals?
Do you need an appraisal for every land property sale?
How does one become an appraiser?
Who sets the standards for becoming an appraiser?
What is the Appraisal Subcommittee
Similarities of financial and appraiser supervision and
Keeping up with the pace of appraisal demand
How do state regulators interact with appraisers?
The future of the appraisal industry
The impact of technology on appraisals
The impact of COVID on appraisals