Appraisal Resources

Appraisal Resources2021-10-29T09:05:19-05:00

Discriminatory Appraisals Task Force

Color and Collateral:

Examining Individual and Neighborhood Effects of Race on Housing Valuation and Mortgage Lending

The resources on this page will help you and your clients better understand the appraisal process, head off problems before they start, or navigate serious issues if they arise.  

Appraisal FAQs for Illinois REALTORS®

What every REALTOR® should know about the appraisal process in four sections: Appraisals 101, Best Practices, Appraisal Accuracy and Major Problems.

Sample Appraiser’s Package

REALTORS® can communicate with the appraiser prior to and during the appraisal. This sample document provides an example of the type of information most appraisers will find useful.

From the Appraisal FAQs

Q: If I have evidence of negligence or discrimination, who should I contact? 

A: Report it to the lender in writing. In addition, the Appraisal Subcommittee, which is a Unites States Federal Government Agency, operates the Appraisal Complaint National Hotline (www.refermyappraisalcomplaint.asc.gov) which can refer the matter to appropriate federal or state authorities to complete an investigation. In Illinois, the Illinois Department of Financial and Professional Regulation (idfpr.illinois.gov) is the regulatory agency for appraisers. Fair Housing violations can be reported to the United States Department of Housing and Urban Development (www.HUD.gov). In Illinois, suspected discrimination can be reported to the Illinois Human Rights Commission (312-814-6269). 

Appraisal Blog Posts

Video: What if my appraiser is not familiar with the area?

In this clip from CE Course APP 504, instructors Norm Willoughby and Paul Brown discuss what a listing agent can do if an appraiser is not familiar with the market area of the subject property.

“Ask the Appraiser”

In this recorded webinar, NAR’s Real Property Valuation Forum presents a live forum featuring a panel of residential, commercial and review appraisers. View Now. 

Have An Appraisal Discrimination Story? We Want To Hear It.

Chicago Association of REALTORS(R) is gathering appraisal discrimination stories to begin to assess how best to drive attention to the issue. Click Here To Share Your Story.

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