NAR Testimony of Michelle Bradley Regarding House Econonic Opportunity committee VA Appraisal Hearing
Issue Date: April 05, 2017
115th Congress
House Committee on Veterans' Affairs
On April 4, 2017, NAR 2016 Real Property Valuation Committee Chair, Michelle Bradley presented testimony before the House Committee on Veterans Affairs Subcommittee on Economic Opportunity. NAR believes a strong and independent appraisal industry is vital to the home buying process and to the housing industry as a whole. A credible valuation provided by a qualified professional (1) ensures the property value is sufficient to collateralize the mortgage, (2) protects the buyer, (3) allows
secondary markets to have confidence in the mortgage products and mortgage-backed securities, and (4) builds trust in the real estate profession.