Modern Era of Appraisal and Texas Legislative Update

"Modern Era of Appraisal" - This session combines an examination of the appraisal modernization efforts of the GSEs with a broader legislative and regulatory update on issues affecting the appraiser profession. “Appraisal modernization” refers to efforts to improve the appraisal process through better use of technology. But for many practitioners “modernization” is code for less reliance on appraisers with more reliance on data collectors and artificial intelligence. This session will exam the background and history of modernization, the use of property data collectors and their regulation, the new appraisal reports, as well as the quality of the data in GSE Automated Valuation Models and whether appraisers would benefit from access to this data. Suggestions will be made for which elements of modernization should be embraced by the profession, along with those that should be resisted. The second portion of the session will be dedicated to providing updates on federal and state legislative and regulatory matters affecting the profession, including the Portal for Appraiser Licensing (PAL) Act, the Appraisal Industry Improvement Act, appraisal and management company fee disclosure, and the new reconsideration of value requirements. An update on the latest development in the discussion regarding real estate value inequities will also be provided.

"Texas Legislative Update" - Eric Woomer will be covering the 89^th Texas Legislature and what it means for the appraisal industry. He will go over legislative process and outlook, key legislation that impacts appraisers, and how to effectively advocate for your industry.