I recently received this email update from CAR (California Association of Realtors) regarding the new procedure in ordering appraisals.  Leave it to some genius to change it all around and not have the management companies regulated.



The recent adoption of the Home Valuation Code of Conduct (HVCC)  has resulted in an explosive growth of appraisal management companies (AMC) which now largely control the appraisal process. These companies are currently unregulated under California law. C.A.R. supports SB 237 (Calderon) which would bring AMCs under the supervision of the Office of Real Estate Appraisers (OREA) and requires that they operate under California's Real Estate Appraiser. SB 237 is pending on the Assembly Floor.